The electrical goods maker posted nearly 40% profit growth in Q4FY26, alongside key board appointments aimed at strengthening strategic leadership.
Consumer electricals major Havells India Limited reported a sharp rise in profit for the fourth quarter ended March 31, 2026, even as margins moderated during the period. The company also announced the appointment of industry veterans Varun Berry and T. V. Mohandas Pai as independent directors to its board.
The company’s Board of Directors approved the financial results at its meeting held on April 22, 2026.
Strong Profit Growth
Havells reported consolidated revenue of Rs67.05 billion for Q4FY26, compared with Rs 65.43 billion in the same quarter last year, registering a 2.5% year-on-year growth.
Net profit surged to Rs 7.23 billion, up 39.9% YoY from Rs 5.17 billion, driven by improved operational efficiencies and business performance.
However, operating performance remained under pressure. EBITDA stood at Rs 7.3 billion, marginally lower than Rs 7.57 billion reported a year earlier, reflecting a 3.6% decline. EBITDA margin contracted to 10.9%, compared with 11.6% in the year-ago quarter, down 69 basis points.
Board Strengthened with Industry Leaders
Mr.Varun Berry, former Vice Chairman, Managing Director and CEO of Britannia Industries Limited, brings in nearly four decades of leadership experience across companies such as Hindustan Unilever Limited and PepsiCo. Berry completed executive leadership programmes at Wharton School of the University of Pennsylvania and IMD Business School.
T. V. Mohandas Pai, a former CFO and board member of Infosys, also joined the board. A Padma Shri awardee, Pai currently serves as Chairman of Aarin Capital and has held key roles across India’s financial, governance, education and startup ecosystem.
The appointments are expected to strengthen Havells’ strategic leadership as the company navigates growth opportunities and evolving market dynamics.
