Havells India Limited announced its un-audited financial results for the third quarter and nine months ended December 31, 2025. The company reported a healthy overall performance in Q3 FY26, driven by strong growth in the Cable and Wire business.

For the third quarter, Net Revenue increased by 14.2% year-on-year to ₹5,573 crore from ₹4,883 crore in Q3 FY25. EBITDA saw a significant jump of 21.4% to ₹524 crore from ₹432 crore in the same period last year. Profit Before Tax (before exceptional items) grew by 17.7% to ₹450 crore. However, Profit Before Tax (after exceptional items) was ₹405 crore, a 5.9% increase from ₹382 crore in Q3 FY25. Net Profit stood at ₹301 crore, a 6.6% increase from ₹283 crore in Q3 FY25.

Segment-wise, Cables delivered accelerated growth with a 32.8% revenue increase to ₹2,241 crore. The 'Others' segment also saw robust growth of 32.9% to ₹440 crore, primarily driven by solar. Electrical Consumer Durables (ECD) revenue grew by 4.3% to ₹1,151 crore, aided by demand for heating products. Lighting & Fixtures revenue saw a slight decrease of 4.0% to ₹423 crore. Lloyd Consumer business performance was muted, with revenue down 6.5% to ₹694 crore, impacted by a weak summer, though channel inventory is normalizing.

For the nine months ended December 31, 2025, Net Revenue grew by 3.7% to ₹15,778 crore. EBITDA increased by 7.0% to ₹1,486 crore. Profit Before Tax (before exceptional items) rose by 2.7% to ₹1,338 crore, while Profit Before Tax (after exceptional items) was ₹1,293 crore, a marginal decrease of 0.7%. Net Profit was ₹971 crore, a 0.5% increase from ₹967 crore in the same period last year.

An exceptional item of ₹45.03 crore was recognized in Q3 FY26 due to an incremental liability related to the company's reassessment of employee benefit obligations following the notification of 'New Labour Codes'. The balance sheet reflects higher working capital in Cables and Lloyd, and capex for capacity expansion, impacting cash and cash equivalents. Investments include ₹600 crore for the stake acquired in Goldi Solar. Additionally, a settlement agreement with HPL Group regarding the 'HAVELLS' mark resulted in the recognition of ₹129.60 crore as an intangible asset.

The Board of Directors approved these results in their meeting held on January 19, 2026.