Havells India Reports Strong FY26 Results, Proposes ₹10 Dividend

Havells India announced robust financial results for the fiscal year 2025-26, reporting Net Revenue of ₹22,466 crore and Profit After Tax (PAT) of ₹1,705 crore.

As part of its commitment to shareholder returns, the company has proposed a total dividend of ₹10 per share for FY26. This includes an interim dividend of ₹4 per share already distributed, and a proposed final dividend of ₹6 per share.

These proposals, along with other essential corporate actions, will be put forth at the company's 43rd Annual General Meeting (AGM), scheduled for June 19, 2026. The meeting will be conducted virtually via Video Conferencing (VC) or Other Audio Visual Means (OAVM).

Shareholders will vote on the adoption of the audited financial statements for the fiscal year ended March 31, 2026, and confirm the interim dividend payment. Approval of the proposed final dividend is also a key agenda item.

Beyond financial distributions, the AGM agenda includes the re-appointment of directors and the statutory auditors, Price Waterhouse & Co Chartered Accountants LLP, for a second term. This move is intended to ensure continuity in leadership and financial oversight.

The company is also seeking shareholder approval for the Havells Employees Stock Purchase Scheme 2026 (ESPS 2026). This scheme aims to align employees' interests with the company's performance by offering equity-linked incentives, potentially boosting morale and retention.

Havells India is a leading entity in India's Fast Moving Electrical Goods (FMEG) sector, offering a broad spectrum of products from electrical accessories to consumer durables. The company has a consistent track record of dividend payouts, reflecting its financial stability and shareholder-centric strategy.

The competitive FMEG market in India includes players such as Crompton Greaves Consumer Electricals, Bajaj Electricals, and Polycab India. Companies in this sector generally focus on balancing reinvestment for growth with providing returns to shareholders.

Investors will be closely watching the outcomes of the AGM resolutions, especially the shareholder approval for the final dividend and the ESPS 2026. The actual payout of the final dividend will be contingent upon AGM approval and the specified record date.