Havells India Ltd

Havells India FY26 Results: Revenue Growth & Major Capex Investment 📊

• Q4 FY26 net revenue: ₹6,688 crores, up 2.4% year-on-year

• EBITDA for Q4: ₹728 crores, down 4.4% with margin of 10.9%

• PAT for Q4: ₹734 crores, up 40.6% boosted by ₹283 crores fair value gain

• Full-year FY26 revenue: ₹22,466 crores, up 3.3%

• Full-year PAT: ₹1,705 crores, up 14.5%

• Cables segment grew 14.0% in Q4

• Lloyd Consumer declined 19.0% in Q4 due to delayed summer and high base

• Contribution margin remained stable at 19.9% in Q4

• Lloyd margins dropped to 8.4% in Q4

• Capital expenditure increased to ₹1,484 crores in FY26 for capacity expansion

• Investment in Goldi Solar: ₹600 crores in Q1 FY26

• Operating cash flow: ₹1,557 crores for FY26

• ROE: 19.2%, Current ratio: 1.7, Inventory days: 71