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Havells India Limited Q3 FY26 results deck summary
NSE: HAVELLS · BSE: 517354
Results deck of 19 Jan 2026, summarised by AI from the filing.
Havells Q3 FY26 net revenue ₹5,573 cr (+14.2% YoY) and EBITDA ₹524 cr (+21.4% YoY), led by Cables growth of 32.8%.
Key takeaways
- Guidance No forward guidance was provided in this information update.
- Change Cables revenue grew 32.8% YoY to ₹2,241 cr, driven by volume expansion and commodity price inflation.
- Driver Cables and 'others' (solar) led growth; ECD benefited from winter heating demand.
- Risk Lloyd performance muted with continued impact of a weak summer; margins fell to 8.1% contribution.
Havells India Limited Q1 FY27 results
As filed: Revenue ₹6,518 cr (+19% year on year), EBITDA ₹466 cr (−10% year on year), PAT ₹290 cr (−17% year on year), EBITDA margin 7.2% (−231 bps).
The Q1 FY27 score, against the company's own trend, is for premium members.
Earlier results and the share price after them
- Q4 FY26: Revenue ₹6,705 cr (+2% year on year), EBITDA ₹729 cr (−4% year on year), PAT ₹723 cr (+40% year on year), EBITDA margin 10.9% (−69 bps). Score 34 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend; profit growth was well above it. EBITDA margin fell 69 bps year on year. Other income 33% of PBT. Profit rose ₹206 cr on a year ago, more than the ₹70.0 cr it added the year before. Share price after the results: −6.3% in 29 days (Nifty 500: −0.6%).
- Q3 FY26: Revenue ₹5,588 cr (+14% year on year), EBITDA ₹516 cr (+21% year on year), PAT ₹300 cr (+17% year on year), EBITDA margin 9.2% (+52 bps). Score 65 of 100, Above trend. Revenue, EBITDA and profit before exceptional items growth were above the company's own trend. EBITDA margin rose 52 bps year on year. Revenue rose ₹699 cr on a year ago, more than the ₹475 cr it added the year before. Share price after the results: −2.2% in 30 days (Nifty 500: +0.7%).
- Q2 FY26: Revenue ₹4,779 cr (+5% year on year), EBITDA ₹439 cr (+17% year on year), PAT ₹318 cr (+19% year on year), EBITDA margin 9.2% (+92 bps). Score 53 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA and profit growth were above it. EBITDA margin rose 92 bps year on year. Revenue fell 12% from last quarter. Share price after the results: −1.0% in 30 days (Nifty 500: +2.3%).
- Q1 FY26: Revenue ₹5,455 cr (−6% year on year), EBITDA ₹516 cr (−10% year on year), PAT ₹348 cr (−15% year on year), EBITDA margin 9.5% (−41 bps). Score 17 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 41 bps year on year. Revenue fell 17% from last quarter. Revenue rose ₹-351.0 cr on a year ago, against ₹972 cr the year before. Share price after the results: −3.8% in 29 days (Nifty 500: −3.3%).
- Q4 FY25: Revenue ₹6,544 cr (+20% year on year), EBITDA ₹757 cr (+19% year on year), PAT ₹517 cr (+16% year on year), EBITDA margin 11.6% (−8 bps). Score 72 of 100, Above trend. Revenue growth was well above the company's own trend; EBITDA growth was above it; profit growth was in line with it. EBITDA margin was flat year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Revenue rose ₹1,102 cr on a year ago, more than the ₹583 cr it added the year before. Share price after the results: −2.3% in 30 days (Nifty 500: +6.9%).
- Q3 FY25: Revenue ₹4,889 cr (+11% year on year), EBITDA ₹426 cr (−2% year on year), PAT ₹278 cr (−3% year on year), EBITDA margin 8.7% (−110 bps). Score 30 of 100, Below trend. Revenue and EBITDA growth were below the company's own trend; profit growth was well below it. EBITDA margin fell 110 bps year on year.
- Q2 FY25: Revenue ₹4,539 cr (+16% year on year), EBITDA ₹375 cr (+1% year on year), PAT ₹268 cr (+8% year on year), EBITDA margin 8.3% (−130 bps). Score 36 of 100, Below trend. EBITDA margin fell 130 bps year on year. Other income 26% of PBT. Not enough history for a trend yet: scored on growth alone. Revenue fell 22% from last quarter.
Past price moves after results do not indicate future moves. Not a recommendation.
Havells India Limited earnings call, investor presentation and press release summaries
- Q1 FY27: Earnings call (17 Jul 2026), Results deck (17 Jul 2026)
- Q4 FY26: Earnings call (22 Apr 2026), Results deck (22 Apr 2026)
- Q3 FY26: Earnings call (19 Jan 2026), Results deck (19 Jan 2026)
- Q2 FY26: Earnings call (17 Oct 2025), Results deck (17 Oct 2025)
- Q1 FY26: Earnings call (21 Jul 2025), Results deck (21 Jul 2025)
- Q4 FY25: Earnings call (22 Apr 2025), Results deck (22 Apr 2025)
- Other events: Call transcript (13 Jan 2026)
Figures from the company's filings with NSE and BSE. Not investment advice.