Havells India Credit Rating
Havells India Limited received credit ratings from CARE for its bank facilities and commercial paper, with long-term instruments rated CARE AAA and short-term rated CARE A1+.
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Havells India Limited received credit ratings from CARE for its bank facilities and commercial paper, with long-term instruments rated CARE AAA and short-term rated CARE A1+.
Havells India Limited has been assigned a 'CG 1' Corporate Governance Rating by CARE Analytics and Advisory. This rating represents the highest level on a six-point scale.
Havells India announced the results of its Postal Ballot, confirming the appointment of Shri Ashish Dhawan and Ms Shanti Ekambaram as Independent Directors.
Havells India Limited has appointed Mr. Sandeep Sehgal as Executive Vice President – Sales Lloyd. The appointment is effective from August 4, 2026.
Havells India is conducting a postal ballot to seek shareholder approval for the appointment of Shri Ashish Dhawan and Ms Shanti Ekambaram as independent directors.
Havells delivered strong Q1 FY27 revenue growth driven by resilient demand and summer cooling products. Management is focusing on 'sell-out' distribution strategies and brand building, doubling ad spends year-on-year.
Havells Q1 FY27 saw 19.7% revenue growth to Rs 6,510 crore, though PAT fell 15.3% to Rs 298 crore due to significantly doubled advertising spend.
Havells India Ltd reported revenue from operations of ₹6,518 Cr (+19.5% YoY) and net profit of ₹289.7 Cr (-16.6% YoY) for Q1 FY27.
Havells India is investing Rs.255 Crore to expand cable manufacturing capacity at its Tumakuru facility. Capacity will reach 7,34,640 Kms per annum by December 2027.
Havells India appointed Mr. Ashish Parikh as President & SBU Head effective July 16, 2026. He brings over 25 years of experience from Diageo, Reckitt, and Marico.
Havells India enters the Battery Energy Storage System segment through a strategic collaboration with Norway-based Pixii AS. The partnership focuses on local manufacturing and co-developing solutions.
Havells India Ltd has scheduled a board meeting for 17 July 2026. The agenda includes unaudited standalone and consolidated quarterly financial results for June 2026.
CARE Ratings has reaffirmed credit ratings for Havells India Limited. Rated facilities totaling ₹1,527.50 crore maintain stable outlooks.
Havells India clarified its proposal for re-appointing Independent Directors Namrata Kaul and Ashish Bharat Ram. The company confirmed the five-year second terms comply with regulatory tenure requirements.
Havells India Limited clarified ESOP 2026 details to proxy advisors ahead of its AGM. The scheme features a three-year vesting period and a 30-day exercise window.
Mr. Ramesh Viswanathan, Executive Vice President of Havells India, retired on May 29, 2026. This leadership change follows his reaching the age of superannuation.
Havells India allotted 3,04,810 equity shares today following employee exercises under its 2014, 2015, and 2016 stock purchase schemes. This issuance marginally increases the company's paid-up capital.
Havells India Limited has fixed May 24, 2026, as the Record Date for a Final Dividend of Rs. 6.00 per equity share for FY 2025-26. The 43rd Annual General Meeting is scheduled for June 19, 2026. The dividend is subject to shareholder approval at the AGM.
Havells reported Q4 FY26 earnings with modest performance due to mild summer start. Key highlights include ₹283cr valuation gain from Goldi Solar and commissioning of a new refrigerator plant at Ghiloth.
Havells India Limited announced the vesting of shares to employees under its 2014, 2015, and 2016 stock purchase plans. A total of 3,04,810 shares of Re. 1/- each were vested on April 23, 2026. Eligible employees have a 30-day exercise period from the date of vesting.
Havells delivered a quarter of steady growth in B2B segments like cables, though B2C cooling products faced weather-related headwinds. Lloyd's profitability remains the primary concern despite capacity expansion.
Havells India Limited announced the appointment of Mr. Varun Berry as a Non-Executive Independent Director for a five-year term starting April 22, 2026. Mr. Berry, formerly Vice Chairman & CEO of Britannia Industries, brings 40 years of industry experience. The appointment was approved during a Board Meeting held on April 22, 2026.
Havells India Limited appointed Mr. Varun Berry as a Non-Executive Independent Director for a five-year term effective April 22, 2026. Mr. Berry, former Vice Chairman and CEO of Britannia Industries, brings 40 years of experience from HUL and PepsiCo. The appointment follows a board meeting held on the same day.
Havells India Limited has appointed Mr. Varun Berry as a Non-Executive Independent Director for a five-year term effective April 22, 2026. Mr. Berry, formerly Vice Chairman & CEO of Britannia Industries, brings 40 years of experience from HUL and PepsiCo. This strategic board addition strengthens the company's independent governance.
Havells India Limited's Board has recommended a final dividend of ₹6 per equity share for the financial year 2025-26. The record date and AGM date for shareholder approval will be intimated separately. This follows the board meeting held on April 22, 2026.
Havells India recommended a final dividend of Rs. 6/- per share for FY 2025-26. The board approved the appointment of Shri Varun Berry as an Independent Director and the re-appointment of statutory auditors. Additionally, the company reported audited financial results for the quarter and year ended March 31, 2026, with an unmodified audit opinion.
Havells India Ltd reported its FY26 audited results and recommended a final dividend of Rs. 6 per share. The board approved the appointment of Shri Varun Berry as Independent Director and the resignation of Shri Vivek Mehra. Price Waterhouse & Co was re-appointed as Statutory Auditors for a second five-year term.
Havells India Limited recommended a final dividend of Rs. 6/- per share (600%) for FY 2025-26. This is in addition to the Rs. 4/- interim dividend already declared. The board also approved the re-appointment of Price Waterhouse & Co as auditors and the appointment of Varun Berry as an Independent Director.
Havells India reported FY26 net revenue of ₹22,466 Crore, a 3.3% YoY increase. Q4 FY26 net profit rose 40.6% to ₹734 Crore, supported by a ₹283 Crore fair value gain from its investment in Goldi Solar. The company maintained strong performance in its Cables segment despite delayed summer impacts on cooling products.
Havells India Ltd reported net profit of ₹300 Cr (+7.9% YoY) for Q3 FY26.