Havells India Limited announced its unaudited financial results for the third quarter ended December 31, 2025, demonstrating strong operational performance across key business segments. The company's consolidated revenue from operations grew by 14.3% year-on-year to ₹5,587.89 crores, while consolidated net profit increased by 7.9% to ₹300.05 crores compared to ₹277.96 crores in the corresponding quarter of the previous year.

Consolidated Financial Performance Overview

The company's consolidated financial metrics for Q3FY26 showed consistent growth momentum across multiple parameters:

On a standalone basis, the company reported revenue from operations of ₹5,573.44 crores, up 14.1% from ₹4,882.50 crores in the previous year, with standalone net profit at ₹301.36 crores versus ₹282.81 crores in Q3FY25.

Segment-wise Performance Analysis

The company's diversified business portfolio showed mixed performance across different segments during Q3FY26:

The Cables segment emerged as the strongest performer with remarkable growth of 32.8%, while the Lloyd Consumer segment experienced a decline of 6.5% compared to the previous year.

Board Decisions and Corporate Actions

The Board of Directors approved several significant decisions during their meeting, including an interim dividend declaration:

The interim dividend will be payable to shareholders whose names appear in the Register of Members as on the record date of January 23, 2026.

Strategic Developments and Exceptional Items

Havells recognized an exceptional item of ₹45.03 crores during the quarter related to incremental employee benefit obligations arising from the New Labour Codes that became effective from November 21, 2025. The company also executed a settlement agreement with HPL Group, recognizing ₹129.60 crores as an intangible asset related to the 'HAVELLS' trademark rights.

During the June 2025 quarter, Havells invested ₹600 crores in Goldi Solar Private Limited through equity and Compulsorily Convertible Preference Shares to accelerate growth in the renewable energy sector.

Market Performance

Shares of Havells India Limited settled at ₹1,445.15 on BSE, up 1.42% from the previous close, reflecting positive investor sentiment following the quarterly results announcement.

Havells India Limited delivered a mixed performance in Q3FY26, with revenue growth beating Street expectations while profit fell short of analyst estimates. The company reported its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, showcasing steady demand recovery but continued margin pressures.

Financial Performance vs Street Estimates

The company's standalone net profit came in at ₹301.36 crores, missing the CNBC-TV18 poll estimate of ₹346 crores. However, this represented a 6.6% year-on-year growth from ₹282.81 crores in Q3FY25. Revenue from operations reached ₹5,573.44 crores, marginally ahead of market expectations of ₹5,354 crores and marking a robust 14.2% growth over the previous year.

Operating Performance Analysis

Operating performance remained broadly in line with estimates, with EBITDA standing at ₹524 crores versus the Street forecast of ₹518 crores. The EBITDA margin at 9.40% was slightly below the expected 9.70% but showed significant improvement from 8.80% in the year-ago period. This reflects better operating leverage and cost controls despite margin pressures.

Segment-wise Revenue Performance

The company's diversified business portfolio demonstrated varied performance across segments during Q3FY26, with cables leading growth while some consumer segments faced headwinds.

Dividend Declaration and Corporate Actions

Alongside the financial results, Havells announced an interim dividend of ₹4.00 per equity share of face value ₹1.00 each, representing a 400% payout on the company's equity capital. The dividend will be paid to shareholders whose names appear in the register of members as on January 23, 2026, with payment scheduled on or before February 17, 2026.

The Board also approved the launch of an employee stock purchase plan, titled the "Havells Employees Stock Purchase Scheme 2026", aimed at improving employee engagement and long-term retention. The proposal will be placed before shareholders for approval at the company's forthcoming annual general meeting.

Nine-Month Performance and Strategic Developments

For the nine months ended December 31, 2025, Havells maintained steady growth momentum with revenue from operations of ₹15,777.88 crores compared to ₹15,213.60 crores in the corresponding period last year, reflecting a 3.7% increase. Net profit for the nine-month period reached ₹971.18 crores, marginally higher than ₹966.58 crores in the previous year.

The company recognized an exceptional item of ₹45.03 crores during the quarter due to incremental employee benefit obligations arising from the implementation of New Labour Codes. During the current quarter, Havells executed a settlement agreement with HPL Group regarding the 'HAVELLS' trademark, recognizing ₹129.60 crores as an intangible asset.

Consolidated Results

On a consolidated basis, Havells reported revenue from operations of ₹5,587.89 crores for Q3FY26 compared to ₹4,888.98 crores in Q3FY25, representing a 14.3% year-on-year growth. Consolidated net profit stood at ₹300.05 crores versus ₹277.96 crores in the corresponding quarter last year, marking a 7.9% increase.