Havells India reported a robust financial performance for the quarter and year ended March 31, 2026. The Board of Directors has recommended a final dividend of ₹6 per equity share (600%), in addition to the interim dividend of ₹4 per share declared earlier. The company also announced key leadership changes and the re-appointment of its statutory auditors for a second five-year term.
Financial Highlights for FY 2025-26
For the quarter ending March 31, 2026, Havells India recorded total revenue from operations of ₹6,687.68 crore on a standalone basis. For the full fiscal year 2025-26, the standalone revenue reached ₹22,465.56 crore, reflecting steady growth. The profit for the period stood at ₹734.24 crore for the final quarter, bringing the total annual standalone profit to ₹1,705.42 crore.
Dividend Recommendation
The Board of Directors has recommended a final dividend of ₹6 per equity share of face value Re. 1 each, translating to a 600% payout for the financial year 2025-26. This follows the earlier declaration of an interim dividend of ₹4 per share, underscoring the company’s commitment to delivering consistent value to its shareholders.
Strategic Appointments and Changes
The company announced significant updates to its leadership team and governance structure:
- Appointment of Independent Director: Shri Varun Berry has been appointed as an Independent Director for a five-year term effective April 22, 2026.
- Re-appointments: The company re-appointed M/s Price Waterhouse & Co Chartered Accountants LLP as Statutory Auditors for a second consecutive term of five years. Additionally, Smt. Namrata Kaul and Shri Ashish Bharatram have been re-appointed as Independent Directors for their second five-year terms.
- Board Resignation: Shri Vivek Mehra has stepped down as an Independent Director effective April 22, 2026.
Corporate Developments
During the fiscal year, Havells made a strategic investment of ₹600 crore in Goldi Solar Private Limited to bolster its presence in the renewable energy sector. Furthermore, the company successfully reached a settlement with the HPL Group regarding the ownership and usage rights of the ‘HAVELLS’ brand, which has been formally recognized as an intangible asset.
Source: BSE
