Havells India reported a 14.2% YoY increase in net revenue for Q3 FY26, reaching ₹5,573 crore. EBITDA grew by 21.4% to ₹524 crore. Profit Before Tax (before exceptional items) rose by 17.7% to ₹450 crore. The company recognized an exceptional item of ₹45.03 crore due to reassessment of employee benefit obligations under new labor codes.
Financial Performance Highlights
For the third quarter of fiscal year 2026, Havells India demonstrated significant financial growth:
- Net Revenue: ₹5,573 crore, up 14.2% YoY
- EBITDA: ₹524 crore, a 21.4% YoY increase
- Profit Before Tax (before exceptional items): ₹450 crore, reflecting a 17.7% YoY growth
The company’s performance was aided by a healthy showing in the Cable and Wire business, as well as strong operating leverage due to revenue growth and disciplined spending.
Segment-Wise Performance
Here’s a snapshot of how different segments performed in Q3 FY26:
- Switchgears: Revenue of ₹624 crore, a 8.2% increase YoY
- Cables: Revenue of ₹2,241 crore, a substantial 32.8% increase YoY
- Lighting & Fixtures: Revenue of ₹423 crore, a slight decline of 4.0% YoY
- Electrical Consumer Durables: Revenue of ₹1,151 crore, a 4.3% increase YoY
The Cables segment showed particularly strong growth. Lloyd Consumer segment revenue was ₹694 crore, down 6.5% YoY.
Key Financial Ratios
- Operating Profit Margin (OPM): 9.4%
- Return on Equity (ROE): 17.4%
- Return on Capital Employed (ROCE): 23.3%
Balance Sheet Summary (Abridged)
Key balance sheet figures as of December 2025 (Unaudited):
- Total Assets: ₹14,166 crore
- Total Equity: ₹8,989 crore
- Total Current Assets: ₹7,669 crore
Additional Considerations
The company recognized an exceptional item of ₹45.03 crore in Q3 FY26 due to the reassessment of its employee benefit obligations following the notification of ‘New Labour Codes’ by the Ministry of Labour and Employment.
Source: BSE
