Consumer electrical goods maker Havells India on Wednesday reported a 39.9 per cent increase in consolidated net profit to ₹723.39 crore in the quarter ended March 31.

The company had posted a consolidated net profit of ₹517 crore in the January-March quarter a year ago, according to a regulatory filing by Havells India.

Its revenue from operations inched up 2.47 per cent to ₹6,705.20 crore in the March quarter. It was ₹6,543.56 crore in the corresponding period of the preceding fiscal.

The company recorded a "modest Q4 performance" as cooling products stock was impacted by a milder start to the summer season, Havells said in its earnings presentation.

Though industrial infra demand remains strong, consumer categories experienced "cautious trade sentiments" amid higher costs stemming from global disruptions, it added.

During the quarter, Havells also reported a gain of ₹283 crore from Goldi Solar, in which the Noida-headquartered firm has invested ₹600 crore.

Following this, Havells' total income rose 5.88 per cent to ₹7,001.45 crore in the fourth quarter.

Havells' total expenses increased 3.14 per cent to ₹6,097.41 crore year-on-year.

Chairman and Managing Director Anil Rai Gupta said, "Momentum in industrial and infrastructure-led categories remained strong. However, lower channel stocking in cooling products due to a milder start to the season impacted overall performance. We remain optimistic about a revival in summer demand, while closely monitoring inflation trends and consumer sentiment".

In the entire FY26, Havells' profit grew 14.9 per cent to ₹1,689.25 crore. Its total consolidated income rose 4.26 per cent to ₹23,022.16 crore.

In the March quarter, Havells' revenue from the Switchgears segment increased 6.4 per cent to ₹736 crore.

Its revenue from cables surged 14 per cent to ₹2,474 crore in the March quarter.

However, Havells’ revenue from lighting and fixtures was flat at ₹438 crore in Q4 FY26. Electrical consumer durables (ECD) slipped 2 per cent to ₹976 crore in the fourth quarter of FY26.

Its revenue from Lloyd Consumer, which Havells acquired in 2017, declined 19 per cent to ₹1,514 crore.

Shares of Havells India Ltd on Wednesday settled at ₹1,350.50 on the BSE, up 1.68 per cent from the previous close.

Published on April 22, 2026