Havells India Q2 results, quarter to Sep 2026

NSE: HAVELLSBSE: 517354Consumer DurablesMid Cap

Havells India Limited · Face value ₹1 · Listed Feb 1994 on BSE, Mar 2001 on NSE

₹1,020.00₹5.40 (0.53%)BSE ₹1,018.50

Share price at the NSE close on 29 Oct 2026. Previous close ₹1,025.40.

29 Oct: open ₹1,023.00, high ₹1,026.60, low ₹1,010.60

52-week range of traded prices to 29 Oct 2026

₹999.20Low, 27 Oct 2026₹1,516.60High, 30 Oct 2025

Market cap: ₹64,011 Cr132nd largest listed
P/E: 38.47
P/B: 6.55
Dividend yield: 0.98%
ROE: 18.0%
ROCE: 18.6%
Debt to equity: 0.00
Volume, NSE: 4,08,98443.4% delivered

Havells India filed its Q2 results for the quarter to Sep 2026 on 22 Oct 2026 at 5:18 pm, consolidated: the company and its subsidiaries together.

Q2 results, quarter to Sep 2026

₹ crore.Havells India annual results and balance sheet

Revenue: ₹6,432 Cr+34.6% on a year ago · −1.3% on the quarter before
Operating profit: ₹573 Cr+30.8% on a year ago · +23.0% on the quarter before
Net profit: ₹349 Cr+9.7% on a year ago · +20.5% on the quarter before
Earnings per share: ₹5.57+9.4% on a year ago · +20.3% on the quarter before
Operating margin: 8.9%
Net margin: 5.4%

From revenue to net profit, ₹ crore

Revenue6,432
Materials and goods−4,457
Employee costs−554
Other expenses−848
Operating profit573
Depreciation−129
Other income+33
Finance costs−4.8
Profit before tax473
Tax−123
Net profit349

Havells India results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Sep 2026. Results for the quarter to Dec 2026 are due by 14 Feb 2027, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit

Peak revenue ₹6,705 Cr, quarter to Mar 2026; lowest ₹4,414 Cr, quarter to Dec 2023

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Dec 2021Q3	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023	Jun 2023Q1	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1	Sep 2024	Dec 2024Q3	Mar 2025Q4Filed 22 Apr	Jun 2025Q1Filed 21 Jul	Sep 2025Q2Filed 17 Oct	Dec 2025Q3	Mar 2026Q4Filed 22 Apr	Jun 2026Q1Filed 17 Jul	Sep 2026Q2Filed 22 Oct
Revenue from operations	3,664	4,426	4,244	3,679	4,128	4,859	4,834	3,900	4,414	5,442	5,806	4,539	4,889	6,544	5,455	4,779	5,588	6,705	6,518	6,432
	3,224	3,906	3,883	3,393	3,704	4,332	4,432	3,527	3,981	4,807	5,234	4,164	4,462	5,787	4,940	4,341	5,072	5,976	6,052	5,859
Materials and goods bought	2,483	3,130	3,016	2,544	2,766	3,380	3,366	2,602	2,945	3,656	3,957	3,007	3,205	4,439	3,631	3,108	3,744	4,597	4,478	4,457
Employee costs	259	277	304	308	328	328	357	378	378	420	462	465	469	474	500	479	496	510	531	554
Other expenses	483	499	564	540	610	624	709	547	659	731	816	692	788	873	809	754	832	869	1,042	848
Operating profit before depreciation	440	520	362	287	424	527	402	373	433	635	572	375	427	757	516	438	516	729	466	573
Operating margin	12.0%	11.7%	8.5%	7.8%	10.3%	10.8%	8.3%	9.6%	9.8%	11.7%	9.9%	8.3%	8.7%	11.6%	9.5%	9.2%	9.2%	10.9%	7.2%	8.9%
Depreciation and amortisation	66	71	72	72	75	77	76	81	88	93	92	95	104	110	106	106	109	112	121	129
Other income	49	44	48	44	40	47	65	52	56	76	77	93	64	69	69	86	43	296	54	33
Finance costs	12	19	10	7	7	10	8	9	10	18	9	10	9	15	9	9	9	10	7	5
Profit before one-off items and tax	411	474	327	252	381	487	382	335	391	599	549	363	377	701	470	410	441	904	392	473
One-off items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	−45	0	0	0
Profit before tax	411	474	327	252	381	487	382	335	391	599	549	363	377	701	470	410	396	904	392	473
	105	122	84	65	98	129	95	86	103	153	141	95	99	184	122	96	108	194	103	123
Current tax	99	122	83	64	94	124	95	85	98	163	141	91	94	176	126	96	104	135	102	114
Deferred tax	6	−1	1	1	4	5	0	1	5	−10	0	5	5	8	−4	0	4	59	1	9
Tax rate	25.5%	25.7%	25.7%	25.7%	25.7%	26.4%	24.9%	25.7%	26.3%	25.5%	25.8%	26.3%	26.3%	26.2%	26.0%	23.5%	27.1%	21.5%	26.1%	26.1%
Share of profit of joint ventures and associates	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	11	14	–	–
	306	352	243	187	284	358	287	249	288	447	408	268	278	517	348	318	300	723	290	349
Belonging to the company's shareholders	306	352	243	187	284	358	287	248	288	445	408	268	278	518	348	319	301	723	290	350
Belonging to outside owners of subsidiaries	–	0	0	–	0	0	0	–	0	–	0	0	0	−1	0	−1	−1	0	−1	0
Other comprehensive income	−1	9	1	−1	0	−5	−2	−1	−1	−1	−1	−1	0	−19	−2	1	10	1	1	1
Total comprehensive income	305	361	244	186	283	353	285	248	287	445	406	267	278	498	346	320	310	724	290	351
Net margin	8.3%	8.0%	5.7%	5.1%	6.9%	7.4%	5.9%	6.4%	6.5%	8.2%	7.0%	5.9%	5.7%	7.9%	6.4%	6.7%	5.4%	10.8%	4.4%	5.4%
Net margin without joint ventures and associates	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.6%	5.2%	10.6%	–	–
Earnings per share	₹4.88	₹5.63	₹3.88	₹2.98	₹4.53	₹5.71	₹4.58	₹3.97	₹4.59	₹7.13	₹6.49	₹4.28	₹4.43	₹8.26	₹5.55	₹5.09	₹4.80	₹11.52	₹4.63	₹5.57
Diluted earnings per share	₹4.88	₹5.63	₹3.88	₹2.98	₹4.53	₹5.71	₹4.58	₹3.97	₹4.59	₹7.13	₹6.48	₹4.28	₹4.43	₹8.25	₹5.54	₹5.08	₹4.79	₹11.52	₹4.62	₹5.57

Earnings per share in rupees, restated for later splits and bonuses.

Segment results by quarter

Consolidated, ₹ crore, quarters to Sep 2026.Havells India segment results by year

Cables
Revenue, ₹ crore
1,573
1,790
1,521
1,805
1,688
2,169
1,933
2,028
2,241
2,474
2,456
2,999
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
163
215
171
155
187
259
243
278
265
351
255
304
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Lloyd Consumer
Revenue, ₹ crore
656
1,346
1,929
590
742
1,874
1,271
482
701
1,521
1,457
619
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
−65
36
64
−24
−36
114
−21
−106
−60
−27
−56
−106
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Electrical Consumer Durables
Revenue, ₹ crore
962
910
1,055
856
1,105
997
907
842
1,151
976
1,113
1,072
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
107
103
115
64
95
125
79
47
116
100
58
67
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Switchgears
Revenue, ₹ crore
521
651
577
551
577
692
630
596
624
736
608
782
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
126
184
142
115
105
178
148
133
137
171
127
198
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Others
Revenue, ₹ crore
269
310
336
342
331
370
334
403
440
550
169
171
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
4
9
11
7
−7
14
16
12
7
26
8
10
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Lighting & Fixtures
Revenue, ₹ crore
434
435
388
395
446
442
380
428
431
449
401
460
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
61
78
63
50
65
72
46
55
48
96
41
46
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Renewables
Revenue, ₹ crore
314
329
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
8
27
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26

₹ crore	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue of all businesses	4,414	5,442	5,806	4,539	4,889	6,544	5,455	4,779	5,588	6,705	6,518	6,432
Company revenue, as in its results	4,414	5,442	5,806	4,539	4,889	6,544	5,455	4,779	5,588	6,705	6,518	6,432
Revenue	1,573	1,790	1,521	1,805	1,688	2,169	1,933	2,028	2,241	2,474	2,456	2,999
Revenue growth	11.4%	14.1%	2.4%	22.8%	7.3%	21.2%	27.1%	12.4%	32.8%	14.0%	27.0%	47.9%
Profit	163	215	171	155	187	259	243	278	265	351	255	304
Profit growth	0.3%	14.3%	1.2%	−9.3%	14.5%	20.1%	41.8%	79.7%	42.0%	35.9%	4.9%	9.4%
Margin	10.4%	12.0%	11.2%	8.6%	11.1%	11.9%	12.6%	13.7%	11.8%	14.2%	10.4%	10.1%
Assets	1,429	1,569	1,999	1,797	2,091	1,936	2,346	2,916	2,857	2,849	3,728	3,850
Liabilities	912	1,178	1,011	979	998	1,190	1,186	1,172	1,206	1,092	1,208	1,187
Capital employed	517	391	988	818	1,094	746	1,160	1,744	1,650	1,757	2,520	2,663
Revenue	656	1,346	1,929	590	742	1,874	1,271	482	701	1,521	1,457	619
Revenue growth	7.5%	5.9%	47.1%	18.5%	13.1%	39.2%	−34.1%	−18.2%	−5.6%	−18.8%	14.7%	28.5%
Profit	−65	36	64	−24	−36	114	−21	−106	−60	−27	−56	−106
Profit growth	–	–	–	–	–	217.8%	–	–	–	–	–	–
Margin	−9.8%	2.7%	3.3%	−4.1%	−4.9%	6.1%	−1.6%	−22.0%	−8.6%	−1.8%	−3.9%	−17.0%
Assets	3,793	4,127	3,333	3,454	4,083	4,489	4,125	4,336	4,579	4,488	4,214	4,179
Liabilities	887	993	1,211	963	1,202	1,461	855	757	1,006	1,113	1,089	700
Capital employed	2,906	3,134	2,122	2,491	2,880	3,027	3,270	3,579	3,573	3,375	3,126	3,480
Revenue	962	910	1,055	856	1,105	997	907	842	1,151	976	1,113	1,072
Revenue growth	2.8%	21.5%	20.3%	16.8%	14.9%	9.5%	−14.0%	−1.7%	4.2%	−2.2%	22.7%	27.4%
Profit	107	103	115	64	95	125	79	47	116	100	58	67
Profit growth	−12.6%	6.6%	19.8%	−24.2%	−11.2%	21.8%	−31.3%	−26.2%	22.0%	−19.6%	−26.0%	41.1%
Margin	11.2%	11.3%	10.9%	7.5%	8.6%	12.5%	8.7%	5.6%	10.1%	10.3%	5.2%	6.2%
Assets	1,244	1,195	1,289	1,416	1,330	1,246	1,245	1,409	1,337	1,274	1,445	1,610
Liabilities	642	657	813	787	804	676	671	881	890	786	925	973
Capital employed	602	539	476	629	526	570	574	529	446	488	520	637
Revenue	521	651	577	551	577	692	630	596	624	736	608	782
Revenue growth	1.2%	8.4%	6.7%	3.3%	10.8%	6.2%	9.2%	8.0%	8.2%	6.4%	−3.5%	31.3%
Profit	126	184	142	115	105	178	148	133	137	171	127	198
Profit growth	−1.1%	6.7%	−5.1%	−18.4%	−16.6%	−3.3%	3.8%	15.5%	31.2%	−3.8%	−14.2%	49.4%
Margin	24.1%	28.2%	24.6%	20.9%	18.2%	25.7%	23.4%	22.3%	22.0%	23.2%	20.8%	25.4%
Assets	665	622	726	790	799	745	787	814	819	784	839	859
Liabilities	409	470	485	509	490	483	501	545	529	576	506	529
Capital employed	256	152	241	281	309	262	287	269	290	209	334	330
Revenue	269	310	336	342	331	370	334	403	440	550	169	171
Revenue growth	16.2%	22.1%	35.5%	28.4%	22.8%	19.4%	−0.8%	17.9%	32.9%	48.8%	−49.2%	−57.5%
Profit	4	9	11	7	−7	14	16	12	7	26	8	10
Profit growth	−39.5%	−23.1%	25.7%	63.3%	–	61.1%	47.0%	79.1%	–	80.5%	−49.1%	−13.0%
Margin	1.6%	2.9%	3.3%	1.9%	−2.0%	3.9%	4.8%	2.9%	1.7%	4.7%	4.9%	6.0%
Assets	320	325	400	475	454	456	1,118	1,186	1,105	450	197	184
Liabilities	221	230	314	344	259	277	331	331	286	322	123	117
Capital employed	100	95	86	131	195	179	786	855	819	128	74	67
Revenue	434	435	388	395	446	442	380	428	431	449	401	460
Revenue growth	2.4%	4.7%	4.4%	−1.2%	3.0%	1.5%	−1.9%	8.4%	−3.5%	1.6%	5.4%	7.3%
Profit	61	78	63	50	65	72	46	55	48	96	41	46
Profit growth	14.7%	3.9%	18.3%	−12.1%	6.0%	−7.6%	−27.7%	8.9%	−26.4%	32.1%	−8.9%	−16.6%
Margin	14.2%	18.0%	16.2%	12.7%	14.6%	16.4%	12.0%	12.7%	11.1%	21.3%	10.4%	9.9%
Assets	675	661	701	776	744	703	697	651	641	589	643	641
Liabilities	363	375	382	414	372	345	353	423	422	369	412	416
Capital employed	312	285	319	362	372	358	343	228	219	220	231	225
Revenue	–	–	–	–	–	–	–	–	–	–	314	329
Profit	–	–	–	–	–	–	–	–	–	–	8	27
Margin	–	–	–	–	–	–	–	–	–	–	2.7%	8.3%
Assets	–	–	–	–	–	–	–	–	–	–	212	244
Liabilities	–	–	–	–	–	–	–	–	–	–	185	130
Capital employed	–	–	–	–	–	–	–	–	–	–	27	114

Profit is before tax and finance costs, the way companies report their segments.

Q2 results, quarter to Sep 2026

From revenue to net profit, ₹ crore

Havells India results by quarter

Revenue and net profit by quarter, ₹ crore

Operating and net margin by quarter, per cent

Segment results by quarter

Cables

Lloyd Consumer

Electrical Consumer Durables

Switchgears

Others

Lighting & Fixtures

Renewables