Havells India Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
HAVELLS · price
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On the reaction day the stock moved 0.7 pts less than Nifty Midcap 150 and 1.2 pts less than its Consumer Electronics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Havells India reported strong FY2026 results with standalone revenue from operations of Rs 22,465.56 crore (up 3.3% YoY) and standalone profit after tax of Rs 1,705.42 crore (up 14.5% YoY). Basic EPS improved to Rs 27.19 from Rs 23.75. The Board recommended a final dividend of Rs 6 per share (600%), adding to the Rs 4 interim dividend already paid. Key board changes include appointment of Varun Berry (former Britannia Industries Vice Chairman & MD) as Independent Director, re-appointment of four directors, and resignation of Shri Vivek Mehra as Independent Director effective April 22, 2026. Statutory auditors Price Waterhouse & Co were re-appointed for a second term of five years. Notable items include Rs 600 crore investment in Goldi Solar (renewable energy) with Rs 282.74 crore fair value gain, and Rs 129.60 crore settlement recognizing Havells' exclusive rights to the brand name.
Positive signals from revenue and profit growth, dividend increase, and fresh board talent (Varun Berry's appointment). The resignation of Vivek Mehra is a minor governance change but not material. Overall, healthy financial performance and brand protection settlement are shareholder-friendly.