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Havells India Sets May 24 as Record Date for Rs 6.00 Final Dividend
Havells India Limited has fixed May 24, 2026, as the record date for its final dividend of Rs 6.00 per equity share for the financial year 2025-26. The dividend is subject to shareholder approval at the upcoming 43rd Annual General Meeting scheduled for June 19, 2026. Shareholders whose names appear in the register of members by the end of business hours on the record date will be eligible for the payout. The company's books will remain closed from May 25 to May 29, 2026, for this purpose.
Key Highlights
Final dividend recommended at Rs 6.00 per equity share of Re 1/- face value
Record date for dividend eligibility fixed as May 24, 2026
Book closure period set from May 25, 2026, to May 29, 2026
43rd Annual General Meeting (AGM) to be held on June 19, 2026
💼 Action for Investors
Investors interested in the dividend should ensure they purchase or hold the stock before the ex-dividend date to be eligible for the Rs 6.00 per share payout.
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Havells Q4 FY26: Modest Growth Amid Cooling Season Delay; Solar Investment Gains ₹283 Cr
Havells India reported a modest performance for Q4 FY26, primarily due to a delayed summer season impacting cooling products and cautious consumer sentiment. The company recorded a significant fair valuation gain of ₹283 crore from its ₹600 crore investment in Goldi Solar, which bolstered other income. While industrial and infrastructure segments showed strong momentum, the Lloyd segment faced margin pressure due to lower revenues. Management has initiated calibrated price hikes to mitigate rising raw material costs caused by global geopolitical disruptions.
Key Highlights
Cables and Wires segment revenue grew 14% YoY, supported by a 6% overall volume growth driven by industrial demand.
Recognized a ₹283 crore fair valuation gain on the ₹600 crore investment in Goldi Solar during the quarter.
Lighting segment margins reached an elevated 37% due to year-end adjustments, though management expects a normalized range of 30-32%.
Commissioned a new refrigerator manufacturing plant at Ghiloth to transition Lloyd into a full-stack home appliances player.
Industrial and infrastructure-linked categories remained strong, offsetting the flat performance in domestic consumer wires.
💼 Action for Investors
Investors should monitor the recovery in Lloyd's profitability as summer demand picks up and track the impact of price hikes on volume growth. The scale-up of the solar business and industrial cable demand remain key positive catalysts to watch.
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Havells Recommends ₹6 Final Dividend, Appoints Varun Berry to Board as Vivek Mehra Resigns
Havells India has announced a final dividend of ₹6 per share (600%) for FY26, bringing the total dividend for the year to ₹10 per share. The company underwent a significant board reshuffle, including the resignation of Independent Director Vivek Mehra and the high-profile appointment of Varun Berry, former Britannia CEO, as an Independent Director. Several key directors, including TV Mohandas Pai and Ashish Bharatram, were re-appointed for five-year terms, ensuring leadership continuity. Additionally, Price Waterhouse & Co was re-appointed as statutory auditors for a second five-year term.
Key Highlights
Recommended a final dividend of ₹6 per share (600%), totaling ₹10 for FY26 including interim dividend.
Appointed Varun Berry, former Britannia MD & CEO with 40 years of experience, as an Independent Director.
Shri Vivek Mehra resigned as Independent Director and Chairman of the CSR & ESG Committee effective April 22, 2026.
Re-appointed TV Mohandas Pai and Ashish Bharatram to the board for 5-year terms.
Price Waterhouse & Co re-appointed as Statutory Auditors for a second term of 5 years until 2031.
💼 Action for Investors
The induction of high-caliber leadership like Varun Berry is a strong positive for long-term strategy and governance. Investors should remain invested as the company maintains stable leadership and a healthy dividend payout ratio.
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Havells Recommends ₹6 Final Dividend; Appoints Varun Berry to Board
Havells India has recommended a final dividend of ₹6 per equity share for FY 2025-26, bringing the total dividend for the year to ₹10 per share including the interim payout. The company also announced a significant board refresh, notably appointing Varun Berry (former Britannia CEO) as an Independent Director for a five-year term. Additionally, high-profile directors including T V Mohandas Pai and Ashish Bharatram have been re-appointed for another five years. These announcements, alongside unmodified audit reports, reflect strong corporate governance and consistent shareholder returns.
Key Highlights
Recommended a final dividend of ₹6 per equity share (600% of face value) for FY 2025-26.
Total dividend for the financial year reaches ₹10 per share, including the ₹4 interim dividend.
Appointed Varun Berry, former MD & CEO of Britannia, as an Independent Director for 5 years.
Re-appointed Price Waterhouse & Co as Statutory Auditors for a second term of 5 years.
Re-appointed T V Mohandas Pai and Ashish Bharatram to the Board for 5-year terms.
💼 Action for Investors
Investors should welcome the consistent dividend payout and the strengthening of the board with seasoned industry veterans. The stock remains a solid hold for those seeking a mix of governance stability and capital distribution.
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Havells Recommends Rs 6 Final Dividend; Appoints Varun Berry to Board
Havells India has recommended a final dividend of Rs 6 per share for FY26, bringing the total annual dividend to Rs 10 per share. The company has significantly strengthened its board by appointing Varun Berry, the former MD & CEO of Britannia, as an Independent Director. High-profile directors including T V Mohandas Pai and Ashish Bharatram have been re-appointed for five-year terms, ensuring leadership stability. Additionally, Price Waterhouse & Co has been re-appointed as statutory auditors for a second five-year term.
Key Highlights
Recommended a final dividend of Rs 6 per share (600%), totaling Rs 10 for FY26 including the interim dividend.
Appointed Varun Berry, former Vice Chairman & MD of Britannia Industries, as an Independent Director for 5 years.
Re-appointed T V Mohandas Pai and Puneet Bhatia as Non-Independent Directors for another 5-year term.
Re-appointed Price Waterhouse & Co Chartered Accountants LLP as Statutory Auditors for a second term of 5 years.
Vivek Mehra stepped down as Independent Director and Chairman of the CSR & ESG Committee effective April 22, 2026.
💼 Action for Investors
The addition of high-caliber leadership like Varun Berry and the re-appointment of seasoned directors signal strong corporate governance. Investors should remain positive on the stock given the consistent dividend payout and stable leadership structure.
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Havells Q3 FY26: Revenue Up 14%, EBITDA Grows 21% Led by 20% Volume Growth in Cables
Havells India reported a strong Q3 FY26 performance with revenue growing 14% and EBITDA increasing 21% Y-o-Y, driven by operating leverage and robust demand in the cables and wires segment. The cables business saw volume growth exceeding 20%, though the company recorded an exceptional loss of INR 45 crores due to new labor code provisions. Management is implementing price hikes of 5-10% in the cooling segment to offset commodity inflation and BEE rating transitions. Capex remains aggressive with INR 1,200 crores spent in 9 months and another INR 1,000 crores planned for the next fiscal year.
Key Highlights
Revenue grew 14% Y-o-Y while EBITDA increased by 21% Y-o-Y, reflecting improved operating efficiency.
Cables and wires segment delivered healthy double-digit volume growth of over 20%.
Exceptional item of INR 45 crores recognized for additional provisioning pursuant to new labor codes.
Management expects 5-10% price increases in the Lloyd/AC segment to counter BEE changes and INR depreciation.
Planned capex of approximately INR 1,000 crores for the coming year, focusing on a new R&D center and cable capacity expansion.
💼 Action for Investors
Investors should focus on the company's ability to maintain margins through calibrated price hikes amidst commodity inflation. The strong volume growth in the cables segment indicates robust infrastructure demand, supporting a positive long-term outlook.
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Havells Q3 FY26: Revenue grows 14% to ₹5,573 Cr; EBITDA up 21% led by Cables segment
Havells reported a robust 14.2% YoY revenue growth in Q3 FY26, reaching ₹5,573 crore, primarily driven by a 33% surge in the Cables and Wires segment. EBITDA margins improved to 9.4% from 8.8% last year, reflecting strong operating leverage despite modest overall consumption trends. Net profit growth was restricted to 6.6% at ₹301 crore due to a ₹45 crore exceptional charge related to new labour code obligations. While core segments like Switchgears and Cables performed well, the Lloyd segment remains a drag with a 6.5% revenue decline and continued operating losses.
Key Highlights
Net Revenue grew 14.2% YoY to ₹5,573 crore, with the Cables segment contributing ₹2,241 crore (up 32.8% YoY).
EBITDA increased by 21.4% YoY to ₹524 crore, with margins expanding 60 bps to 9.4% due to disciplined spending.
Lloyd Consumer segment reported a revenue decline of 6.5% YoY to ₹694 crore and a segment loss of ₹59 crore.
Recognized an exceptional item of ₹45.03 crore for employee benefit obligations under New Labour Codes.
Cash and cash equivalents stood at ₹1,873 crore as of Dec 31, 2025, after a ₹600 crore investment in Goldi Solar.
💼 Action for Investors
Investors should take confidence in the strong volume growth and margin expansion in the core electrical segments. However, the continued underperformance and losses in the Lloyd segment warrant close monitoring for signs of a turnaround.
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Havells Q3 Revenue Up 14% to ₹5,573 Cr; Declares ₹4 Interim Dividend
Havells India reported a healthy 14.1% YoY growth in revenue to ₹5,573.44 crore for the quarter ended December 31, 2025. Net profit grew by 6.5% YoY to ₹301.36 crore, despite being weighed down by a ₹45.03 crore exceptional item related to new labour code liabilities. The company declared an interim dividend of ₹4.00 per share and successfully settled a trademark dispute with HPL Group for ₹129.60 crore. While the Cables segment showed robust growth, the Lloyd Consumer segment continues to report losses, though they have narrowed sequentially.
Key Highlights
Revenue from operations increased 14.1% YoY to ₹5,573.44 crore in Q3 FY26.
Cables segment revenue grew significantly by 32.7% YoY to ₹2,241.12 crore.
Interim dividend of ₹4.00 per equity share (400%) declared with a record date of January 23, 2026.
Exceptional item of ₹45.03 crore recognized due to incremental liability from New Labour Codes.
Lloyd Consumer segment reported a loss of ₹58.70 crore, improving from a ₹98.85 crore loss in the previous quarter.
💼 Action for Investors
Investors should take comfort in the strong performance of the core Cables and Switchgear segments which are driving top-line growth. While Lloyd's profitability remains a monitorable, the overall steady margins and dividend payout make it a strong hold for long-term investors.
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Havells Declares Rs 4 Interim Dividend; Q3 Revenue Rises 14% to Rs 5,573 Crore
Havells India has declared an interim dividend of Rs 4 per share (400% of face value) for FY26. The company reported a 14% YoY growth in standalone revenue to Rs 5,573.44 crore for Q3 FY26, primarily driven by a 33% surge in the Cables segment. However, net profit growth was restricted to Rs 301.36 crore due to a one-time exceptional charge of Rs 45.03 crore related to new labour code liabilities. While core segments like Switchgears and Cables performed well, the Lloyd Consumer division continued to report losses at the EBIT level.
Key Highlights
Declared interim dividend of Rs 4.00 per equity share with a record date of January 23, 2026.
Standalone Revenue from operations grew 14.1% YoY to Rs 5,573.44 crore in Q3 FY26.
Cables segment revenue increased significantly to Rs 2,241.12 crore from Rs 1,687.87 crore YoY.
Recognized an exceptional item of Rs 45.03 crore as incremental liability for the New Labour Codes.
Lloyd Consumer segment reported a segment loss of Rs 58.70 crore for the quarter.
Approved the 'Havells Employees Stock Purchase Scheme 2026' for future shareholder approval.
💼 Action for Investors
Investors should focus on the strong volume growth in the Cables segment while keeping a close watch on the persistent margin pressure in the Lloyd division. The dividend provides a steady yield, but the impact of the new labour codes on long-term employee costs needs monitoring.
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Havells Q3 PAT Up 6.6% to ₹301 Cr; Declares ₹4 Dividend & New ESPS Scheme
Havells India reported a steady 14.1% YoY revenue growth for Q3 FY26, reaching ₹5,573.44 crore, primarily driven by strong performance in the Cables segment. Net profit rose 6.6% to ₹301.36 crore, despite an exceptional hit of ₹45.03 crore related to new labour code obligations. The company declared an interim dividend of ₹4 per share and approved a new Employee Stock Purchase Scheme (ESPS 2026) to retain talent. While core segments like Cables and Switchgears showed robust growth, the Lloyd Consumer division continued to report segment-level losses.
Key Highlights
Revenue from operations grew 14.1% YoY to ₹5,573.44 crore in Q3 FY26.
Net Profit increased to ₹301.36 crore, accounting for a ₹45.03 crore exceptional charge for labour code reassessment.
Board declared an interim dividend of ₹4.00 per equity share (400%) with a record date of January 23, 2026.
Cables segment revenue surged 32.8% YoY to ₹2,241.12 crore, reflecting strong industrial and infrastructure demand.
Settled a trademark dispute with HPL Group for ₹129.60 crore, securing absolute rights to the 'HAVELLS' mark.
💼 Action for Investors
Investors should take note of the strong volume growth in the Cables and Switchgears segments which are offsetting the continued losses in the Lloyd division. The stock remains a preferred pick for long-term exposure to India's electrification and housing themes, supported by a healthy dividend payout.
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Havells India Sets Jan 23, 2026, as Record Date for Interim Dividend
Havells India Limited has officially announced January 23, 2026, as the record date to determine shareholder eligibility for a potential interim dividend. The company's Board of Directors is scheduled to meet on January 19, 2026, to consider and declare the dividend amount. This move is part of the company's regular corporate actions to reward shareholders. Investors must hold the shares in their demat accounts by the record date to be eligible for the payout.
Key Highlights
Record date for interim dividend entitlement is fixed for January 23, 2026.
Board meeting to consider and declare the dividend is scheduled for January 19, 2026.
The announcement is made pursuant to Regulation 42 of SEBI (LODR) Regulations, 2015.
The specific dividend amount per share will be disclosed following the board meeting.
💼 Action for Investors
Investors interested in the dividend should watch for the board meeting outcome on January 19 to know the specific payout amount. Ensure shares are purchased before the ex-dividend date to qualify for the entitlement.
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Havells Appoints Reshu Madan as President & SBU Head; Brings 30 Years of Experience
Havells India Limited has appointed Mr. Reshu Madan as President and Strategic Business Unit (SBU) Head, effective December 17, 2025. Mr. Madan joins the senior management team with nearly 30 years of experience in leadership roles, including a previous stint as CEO at Sterlite Electric Limited. His expertise spans P&L management, market leadership in the EHV segment, and large-scale turnkey projects. This strategic hire is aimed at accelerating growth and driving transformation across the company's diverse business segments.
Key Highlights
Appointment of Mr. Reshu Madan as President & SBU Head effective from December 17, 2025
Brings nearly 30 years of leadership experience in driving transformation and steering P&L
Former Whole Time Director & CEO at Sterlite Electric Limited with expertise in the EHV segment
Previous senior leadership roles at TBEA Energy, Sudhir Gensets, and Crompton Greaves
Educational background includes Mechanical Engineering and a PGDBM from IMT Ghaziabad
💼 Action for Investors
Investors should view this as a positive step in strengthening the company's execution capabilities. Monitor the performance of the specific business units under his leadership in upcoming quarterly reports.