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Havells Q3 Profit Misses Targets Amidst Demand Rise
19 Jan
Summary
- Havells India's Q3FY26 net profit fell short of expectations at ₹301 crore.
- Revenue saw a significant 14.2% year-on-year growth, reaching ₹5,573 crore.
- The company announced an interim dividend of ₹4 per equity share.
Havells India navigated the December quarter of FY26 with a revenue increase of 14.2% to ₹5,573 crore, slightly exceeding market predictions. This growth indicates a positive trend in consumer demand. However, the company's standalone net profit for the quarter stood at ₹301 crore, falling below the anticipated ₹346 crore, though it represents a 6.4% rise from the previous year.
Operationally, Havells demonstrated resilience. EBITDA reached ₹524 crore, aligning with Street forecasts, and saw a substantial 21.6% year-on-year increase. Margins improved to 9.4% from 8.8% in the prior year's quarter, reflecting better operational leverage and cost management efforts.
In addition to its financial outcomes, Havells declared an interim dividend of ₹4 per equity share. Furthermore, the company is introducing the 'Havells Employees Stock Purchase Scheme 2026' to foster employee engagement and retention, pending shareholder approval at the upcoming annual general meeting.
