Havells India has announced ambitious expansion plans with a substantial capital expenditure outlay of ₹1,000 crores earmarked for FY27. The electrical equipment manufacturer is positioning itself for growth despite navigating through challenging industry conditions marked by price pressures and volatile commodity costs.

Strategic Capital Investment Plan

The company's significant investment strategy for FY27 focuses on three key areas that are expected to drive future growth:

Industry Challenges and Recovery Outlook

Havells is currently facing multiple industry headwinds that have impacted the broader electrical equipment sector. The company acknowledges the challenging operating environment while maintaining a cautiously optimistic stance on market recovery.

Key challenges affecting the industry include:

• Rising commodity costs impacting input expenses
• Price increases across product categories
• Market demand pressures

Despite these obstacles, Havells remains hopeful for a slow but steady demand recovery in the coming period. The company's management has expressed confidence in the gradual improvement of market conditions.

Operational Efficiency Initiatives

As part of its strategic approach to navigate current market conditions, Havells is implementing measures to enhance operational efficiency. These initiatives are designed to optimize costs and improve productivity across its manufacturing operations.

The company's focus on efficiency improvements comes at a time when managing input costs and maintaining competitive pricing have become critical for sustaining market position. By investing in operational enhancements alongside capacity expansion, Havells aims to strengthen its competitive advantage in the electrical equipment market.

Future Growth Strategy

The substantial capital expenditure plan reflects Havells' commitment to long-term growth despite short-term industry challenges. The investment in cables and wires segment aligns with the company's strategy to strengthen its presence in high-growth product categories, while the new R&D center demonstrates its focus on innovation and product development capabilities.

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.