Havells India Limited has released its Integrated Annual Report for FY 2025-26, highlighting resilient performance amidst a challenging economic landscape. The company reported a net revenue of ₹22,466 crore and a Profit After Tax (PAT) of ₹1,705 crore. Despite a weak summer impacting cooling product sales, Havells maintained growth through infrastructure and industrial demand, strategic investments in new manufacturing, and a strengthened ‘One Havells’ brand philosophy across its 24 product categories.
Financial and Operational Performance
During the financial year, Havells demonstrated financial discipline and growth. The company achieved a net revenue of ₹22,466 crore, reflecting a 3.3% YoY growth. While the cooling product category faced headwinds due to a weak summer season, the industrial and infrastructure sectors remained robust, driving revenue growth. The company’s Profit After Tax (PAT) stood at ₹1,705 crore, with an Earnings Per Share (EPS) of ₹27.19.
Strategic Growth and Investments
Havells continues to invest in its core capabilities. During the year, the company made capital expenditures of ₹1,484 crore to expand manufacturing. A significant milestone was the commissioning of a new refrigerator plant at Ghiloth, Rajasthan in March 2026, which has an annual production capacity of 12 lakh units. Additionally, the company acquired a 26% stake in Kundan Solar (Pali) Private Limited to bolster its renewable energy initiatives, aligning with broader energy transition goals.
Innovation and Digital Transformation
Innovation remains central to Havells’ strategy. In FY 2025-26, the company filed 22 patents and received 126 design registrations. The company has invested ₹317 crore in R&D activities and is establishing a state-of-the-art R&D campus in Noida, which will house approximately 2,000 professionals. Furthermore, the company successfully introduced Agentic AI Voice within its smart home ecosystem, enhancing user experience and furthering its digital transformation journey.
Sustainability and ESG Commitment
Havells remains dedicated to its sustainability roadmap. The company has achieved Zero Waste to Landfill certification across all its manufacturing plants and corporate offices. As part of its commitment to clean energy, the company installed 17.6 MW of solar capacity, which met 9.69% of its total electricity requirement for the year. These efforts are part of a broader strategy to minimize the company’s carbon footprint and contribute positively to long-term environmental sustainability.
Employee Ownership and Growth
The company’s commitment to its workforce is exemplified by its distinctive ‘Khelen Hum Jee Jaan Se (KHJJS)’ cultural philosophy, which fosters a sense of ownership. Havells has introduced the ESPS 2026 (Employees Stock Purchase Scheme), aimed at rewarding senior management and aligning their interests with the company’s long-term performance. The company also continues to be recognized as a ‘Great Place to Work’ for the seventh consecutive year, underscoring its focus on building an inclusive and growth-oriented work environment.
Source: BSE
