Havells India Limited reported a resilient performance for Q4 FY26, with a 2.4% YoY revenue growth reaching Rs 6,688 crore. The company achieved an annual net profit of Rs 1,705 crore, marking a 14.5% increase compared to the previous fiscal year. Notable financial highlights include a Rs 283 crore fair value gain from its strategic investment in Goldi Solar, contributing to a robust annual comprehensive income of Rs 1,714 crore.
Financial Highlights for Q4 and FY26
Havells India concluded the fiscal year 2026 with steady results. For the final quarter ending March 31, 2026, the company recorded a net revenue of Rs 6,688 crore. Annual figures for FY26 show a total net revenue of Rs 22,466 crore, reflecting a 3.3% growth over FY25. The annual net profit grew by 14.5% to Rs 1,705 crore, demonstrating disciplined operational management despite global market challenges.
Segment Performance Analysis
The company experienced varied performance across its business segments. The Cables segment stood out with strong annual revenue growth of 20.8%. Conversely, the Lloyd Consumer segment faced headwinds, with revenue moderating by 22.9% on an annual basis due to a high base effect and unseasonal weather patterns affecting demand in the final quarter. The Switchgears division maintained steady momentum, contributing Rs 2,585 crore to the total annual revenue.
Strategic Investment Impact
A significant driver for the Q4 FY26 bottom line was the valuation of strategic assets. Havells recognized a Rs 283 crore ‘Fair value gain’ on its financial asset, attributed to its Rs 600 crore investment in Goldi Solar Pvt Ltd made earlier in Q1 FY26. This gain played a crucial role in bolstering the quarterly net profit, which reached Rs 734 crore, a 40.6% improvement compared to Q4 FY25.
Operational Outlook
While the business navigated a milder start to the summer season which impacted cooling product stocking, demand in industrial infrastructure remained strong. The company continues to prioritize investment in capacity expansion, particularly within the Cables and Refrigerators categories, to support long-term growth and market visibility.
Source: BSE
