{"id":75928,"date":"2026-04-22T18:15:25","date_gmt":"2026-04-22T12:45:25","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=75928"},"modified":"2026-04-22T18:15:28","modified_gmt":"2026-04-22T12:45:28","slug":"havells-q4-fy26-results-pat-723-crore","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/","title":{"rendered":"Havells Q4 FY26 Results: PAT \u20b9723 Crore (+40% YoY), Revenue \u20b96,705 Crore, Dividend \u20b96\/Share"},"content":{"rendered":"<p>Havells Q4 FY26 results are out, with the electrical equipment and FMEG major delivering a profit beat that exceeded street expectations. Havells Q4 consolidated profit after tax jumped 40% year-on-year to \u20b9723 crore compared to \u20b9518 crore in Q4 FY25. The sharp Havells Q4 PAT growth reflects improved margins, a favourable product mix, and operating leverage from the company&#8217;s expanding distribution network.<\/p><p>Havells Q4 revenue from operations stood at \u20b96,705 crore, up 2.5% year-on-year from \u20b96,544 crore in Q4 FY25. While Havells Q4 revenue growth was modest \u2014 reflecting seasonal demand patterns in the FMEG and electrical category \u2014 the disproportionate profit expansion of 40% indicates significant margin improvement versus Q4 FY25. Havells Q4 demonstrates that cost discipline and premiumisation are paying off.<\/p><p>Havells Q4 board declared a final dividend of \u20b96 per equity share for FY26, in addition to the interim dividend of \u20b94 per share already paid during FY26, taking the total FY26 dividend to \u20b910 per share. The Havells Q4 results build on the company&#8217;s track record of consistent dividend growth and shareholder returns.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#Havells_Q4_FY26_Results_Date_and_Dividend\" title=\"Havells Q4 FY26 Results Date and Dividend\">Havells Q4 FY26 Results Date and Dividend<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#Why_Havells_Q4_FY26_Results_Matter\" title=\"Why Havells Q4 FY26 Results Matter\">Why Havells Q4 FY26 Results Matter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#Havells_Q4_FY26_%E2%80%94_Actual_Financial_Results\" title=\"Havells Q4 FY26 \u2014 Actual Financial Results\">Havells Q4 FY26 \u2014 Actual Financial Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#5_Key_Factors_That_Will_Drive_Havells_Q4_FY26_Performance\" title=\"5 Key Factors That Will Drive Havells Q4 FY26 Performance\">5 Key Factors That Will Drive Havells Q4 FY26 Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#Margin_Expansion_from_Input_Cost_Tailwinds\" title=\"Margin Expansion from Input Cost Tailwinds\">Margin Expansion from Input Cost Tailwinds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#Premium_FMEG_Mix_Driving_Better_Realisations\" title=\"Premium FMEG Mix Driving Better Realisations\">Premium FMEG Mix Driving Better Realisations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#Lloyd_Summer_Pre-Loading_Demand\" title=\"Lloyd Summer Pre-Loading Demand\">Lloyd Summer Pre-Loading Demand<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#Housing_Construction_Tailwind\" title=\"Housing Construction Tailwind\">Housing Construction Tailwind<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#Distribution_Network_Expansion\" title=\"Distribution Network Expansion\">Distribution Network Expansion<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#5_Risks_to_Watch_in_Havells_Q4_FY26\" title=\"5 Risks to Watch in Havells Q4 FY26\">5 Risks to Watch in Havells Q4 FY26<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#Revenue_Growth_Deceleration_Risk\" title=\"Revenue Growth Deceleration Risk\">Revenue Growth Deceleration Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#Lloyd_Competitive_Pressure\" title=\"Lloyd Competitive Pressure\">Lloyd Competitive Pressure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#Commodity_Price_Reversal\" title=\"Commodity Price Reversal\">Commodity Price Reversal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#Geopolitical_Uncertainty_Dampening_Discretionary_Demand\" title=\"Geopolitical Uncertainty Dampening Discretionary Demand\">Geopolitical Uncertainty Dampening Discretionary Demand<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#Valuation_Premium_vs_Peers\" title=\"Valuation Premium vs Peers\">Valuation Premium vs Peers<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#What_was_Havells_Q4_FY26_net_profit\" title=\"What was Havells Q4 FY26 net profit?\">What was Havells Q4 FY26 net profit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#What_was_Havells_Q4_FY26_revenue\" title=\"What was Havells Q4 FY26 revenue?\">What was Havells Q4 FY26 revenue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#What_dividend_did_Havells_declare_for_Q4_FY26\" title=\"What dividend did Havells declare for Q4 FY26?\">What dividend did Havells declare for Q4 FY26?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#Why_did_Havells_Q4_FY26_PAT_grow_40_despite_slow_revenue\" title=\"Why did Havells Q4 FY26 PAT grow 40% despite slow revenue?\">Why did Havells Q4 FY26 PAT grow 40% despite slow revenue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#What_is_the_Havells_Q4_FY26_dividend_record_date\" title=\"What is the Havells Q4 FY26 dividend record date?\">What is the Havells Q4 FY26 dividend record date?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#What_were_Havells_India_Q3_FY26_results\" title=\"What were Havells India Q3 FY26 results?\">What were Havells India Q3 FY26 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#When_did_TCS_and_Infosys_declare_Q4_FY26_results\" title=\"When did TCS and Infosys declare Q4 FY26 results?\">When did TCS and Infosys declare Q4 FY26 results?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/havells-q4-fy26-results-pat-723-crore\/#Recent_Article\" title=\"Recent Article\">Recent Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Havells_Q4_FY26_Results_Date_and_Dividend\"><\/span><strong>Havells Q4 FY26 Results Date and Dividend<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Get real-time stock research and expert analysis on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><p>Havells Q4 FY26 results were declared on Wednesday, April 22, 2026. The board of directors met on the same date to approve audited consolidated financial results for Q4 and the full year ended March 31, 2026, and to recommend the final dividend. Havells Q4 results were released during market hours, with detailed segment-wise data shared via stock exchange filings.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Company<\/strong><\/td><td><strong>Q4 Results Date<\/strong><\/td><td><strong>Status<\/strong><\/td><\/tr><tr><td>TCS<\/td><td>April 9, 2026<\/td><td>Declared<\/td><\/tr><tr><td>HCL Technologies<\/td><td>April 21, 2026<\/td><td>Declared<\/td><\/tr><tr><td>Havells India<\/td><td>April 22, 2026<\/td><td>Declared<\/td><\/tr><tr><td>Infosys<\/td><td>April 23, 2026<\/td><td>Expected<\/td><\/tr><\/tbody><\/table><\/figure><p>TCS Q4 FY26 results were declared on April 9, 2026. Full details are available at <a href=\"https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview\">Univest Blogs \u2014 TCS Q4 FY26 Results Preview<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Havells_Q4_FY26_Results_Matter\"><\/span><strong>Why Havells Q4 FY26 Results Matter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Havells Q4 is a critical quarter for investors tracking India&#8217;s electrical equipment and fast-moving electrical goods (FMEG) sector. Havells Q4 profit expansion of 40% YoY on just 2.5% revenue growth is particularly striking \u2014 it indicates that input cost tailwinds (especially copper and aluminium moderation) and a premium product mix have together driven significant margin expansion versus Q4 FY25.<\/p><p>Havells Q4 also provides a barometer for consumer sentiment in the building materials and home appliance categories, since the company&#8217;s products are closely tied to housing completions, new home purchases, and renovation activity. A strong Havells Q4 despite muted revenue growth suggests underlying demand resilience and pricing power in the premium FMEG segment.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Havells_Q4_FY26_%E2%80%94_Actual_Financial_Results\"><\/span><strong>Havells Q4 FY26 \u2014 Actual Financial Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Havells Q4 FY26 actual results significantly outperformed expectations on the profit line. The 40% YoY PAT growth in Havells Q4 was well above the typical single-digit to low double-digit growth rates the company has delivered historically in Q4. Havells Q4 revenue of \u20b96,705 crore, while only modestly above last year, is consistent with the broader sector pattern of moderate volume growth with improving realisations.<\/p><p>Access premium research and analyst data on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Q4 FY25 (Base)<\/strong><\/td><td><strong>Q4 FY26 Actual<\/strong><\/td><td><strong>YoY Change<\/strong><\/td><td><strong>Key Note<\/strong><\/td><\/tr><tr><td>Revenue (\u20b9 Cr)<\/td><td>6,544<\/td><td>6,705<\/td><td>+2.5%<\/td><td>Modest volume growth<\/td><\/tr><tr><td>PAT (\u20b9 Cr)<\/td><td>518<\/td><td>723<\/td><td>+40%<\/td><td>Margin expansion<\/td><\/tr><tr><td>Final Dividend (\u20b9)<\/td><td>5<\/td><td>6<\/td><td>+20%<\/td><td>Total FY26: \u20b910<\/td><\/tr><tr><td>Interim Dividend (\u20b9)<\/td><td>\u2014<\/td><td>4<\/td><td>\u2014<\/td><td>Paid during FY26<\/td><\/tr><tr><td>Total FY26 Div (\u20b9)<\/td><td>\u2014<\/td><td>10<\/td><td>\u2014<\/td><td>FY25 total: \u20b95<\/td><\/tr><\/tbody><\/table><\/figure><p>Beyond Havells Q4 headline numbers, investors will look at segment-wise performance \u2014 cables and wires, switchgear, lighting, and Lloyd consumer durables. Havells Q4 Lloyd appliance segment (air conditioners, washing machines, refrigerators) is seasonally significant as the March quarter captures pre-summer demand. Management commentary on demand outlook for Q1 FY27 (the peak summer AC season) will be critical.<\/p><p>Screen <a href=\"https:\/\/univest.in\/screeners\">HAVELLS fundamentals and historical financials<\/a> on the Univest Screener.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Key_Factors_That_Will_Drive_Havells_Q4_FY26_Performance\"><\/span><strong>5 Key Factors That Will Drive Havells Q4 FY26 Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Margin_Expansion_from_Input_Cost_Tailwinds\"><\/span><strong>Margin Expansion from Input Cost Tailwinds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Havells Q4 PAT grew 40% on just 2.5% revenue growth \u2014 the gap signals a substantial margin improvement. Havells Q4 benefited from moderation in copper and aluminium prices, which are key inputs for cables, wires, and switchgear. The company&#8217;s ability to pass on price increases faster than input cost recovery has created a favourable earnings dynamic in Havells Q4.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Premium_FMEG_Mix_Driving_Better_Realisations\"><\/span><strong>Premium FMEG Mix Driving Better Realisations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Havells Q4 product mix has been trending upward towards premium categories \u2014 higher-wattage LED lighting, premium switchgear, and energy-efficient motors. This premiumisation trend in Havells Q4 boosts average selling prices without proportional volume increases, explaining the revenue-profit gap. Investors see Havells Q4 margin improvement as structural rather than cyclical.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Lloyd_Summer_Pre-Loading_Demand\"><\/span><strong>Lloyd Summer Pre-Loading Demand<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Havells Q4 is seasonally important for Lloyd \u2014 the consumer durables brand covering air conditioners, washing machines, and refrigerators. Trade channel partners typically stock up in Q4 ahead of the April\u2013June peak summer season. Havells Q4 Lloyd performance will be a key determinant of whether the broader business can sustain its profit trajectory into Q1 FY27.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Housing_Construction_Tailwind\"><\/span><strong>Housing Construction Tailwind<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Havells Q4 benefits from India&#8217;s robust housing completions pipeline, with residential construction activity at multi-year highs in key markets like NCR, MMR, Pune, and Bengaluru. Havells Q4 cables and wires \u2014 a significant revenue contributor \u2014 are directly tied to housing construction timelines. As housing inventory gets absorbed and construction activity continues, Havells Q4 revenue expansion should accelerate.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Distribution_Network_Expansion\"><\/span><strong>Distribution Network Expansion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Havells Q4 reflects the company&#8217;s ongoing investment in its dealer and distributor network across Tier-2 and Tier-3 markets. Havells Q4 distribution reach has expanded significantly over the past three years, providing operating leverage. As newer markets mature, Havells Q4 volumes from these markets should generate incremental revenue with better margins given the sunk distribution costs.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Risks_to_Watch_in_Havells_Q4_FY26\"><\/span><strong>5 Risks to Watch in Havells Q4 FY26<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Revenue_Growth_Deceleration_Risk\"><\/span><strong>Revenue Growth Deceleration Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Havells Q4 revenue growth of 2.5% is notably slower than the company&#8217;s medium-term ambitions. If housing completions slow or consumer discretionary spending pulls back in FY27, Havells Q4&#8217;s muted revenue trend could persist. A combination of slower volumes and no further input cost tailwinds could compress the exceptional 40% PAT growth seen in Havells Q4.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Lloyd_Competitive_Pressure\"><\/span><strong>Lloyd Competitive Pressure<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Havells Q4 Lloyd faces intensifying competition in the air conditioning market from Korean brands (LG, Samsung), Chinese-origin players (Daikin, Blue Star&#8217;s premium range), and Voltas. Maintaining Lloyd&#8217;s market share while protecting margins is a perennial challenge that Havells Q4 management must navigate carefully in Q1 FY27.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Commodity_Price_Reversal\"><\/span><strong>Commodity Price Reversal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Havells Q4 benefited from lower copper and aluminium costs. If commodity prices reverse sharply in FY27 \u2014 driven by global manufacturing recovery or supply disruptions \u2014 the input cost tailwind that supported Havells Q4 margin expansion could become a headwind. The company&#8217;s hedging strategy for commodity inputs will be closely watched.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Geopolitical_Uncertainty_Dampening_Discretionary_Demand\"><\/span><strong>Geopolitical Uncertainty Dampening Discretionary Demand<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Havells Q4 results arrive against a backdrop of global geopolitical uncertainty \u2014 the Iran-US tensions and associated market volatility could dampen consumer confidence. If buyers defer large household purchases (ACs, washing machines) during uncertainty periods, Havells Q4 positive demand indicators may not carry over smoothly into Q1 FY27.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Valuation_Premium_vs_Peers\"><\/span><strong>Valuation Premium vs Peers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Havells Q4 results confirmed strong earnings, but the stock trades at a significant premium to electrical peers like Legrand, Polycab, and KEI Industries. Sustaining a 40% PAT growth trajectory is difficult \u2014 any normalisation in Q1 FY27 could lead to a PE de-rating. Investors must weigh Havells Q4 exceptional results against a high valuation base.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Havells Q4 FY26 results are an impressive beat \u2014 40% PAT growth on 2.5% revenue growth demonstrates that margin improvement is the real story. Havells Q4 final dividend of \u20b96\/share taking total FY26 payout to \u20b910 reflects strong free cash flow generation. The key watchpoint for FY27 is whether volume growth accelerates to support the premium valuation, and whether Lloyd captures its share of the summer AC boom.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available NSE\/BSE filings and exchange announcements. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><p>For more Q4 FY26 results analysis, visit <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_was_Havells_Q4_FY26_net_profit\"><\/span><strong>What was Havells Q4 FY26 net profit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Havells Q4 FY26 consolidated PAT was \u20b9723 crore, up 40% year-on-year from \u20b9518 crore in Q4 FY25. This was significantly above analyst expectations.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_was_Havells_Q4_FY26_revenue\"><\/span><strong>What was Havells Q4 FY26 revenue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Havells Q4 FY26 consolidated revenue from operations was \u20b96,705 crore, up 2.5% year-on-year from \u20b96,544 crore in Q4 FY25.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_dividend_did_Havells_declare_for_Q4_FY26\"><\/span><strong>What dividend did Havells declare for Q4 FY26?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Havells Q4 FY26 board declared a final dividend of \u20b96 per equity share for FY26. Combined with the interim dividend of \u20b94 already paid, total FY26 dividend payout is \u20b910 per share.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_did_Havells_Q4_FY26_PAT_grow_40_despite_slow_revenue\"><\/span><strong>Why did Havells Q4 FY26 PAT grow 40% despite slow revenue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Havells Q4 FY26 PAT grew 40% due to significant margin expansion, driven by moderation in key commodity costs (copper, aluminium), a premium product mix, and operating leverage from the company&#8217;s expanded distribution network.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Havells_Q4_FY26_dividend_record_date\"><\/span><strong>What is the Havells Q4 FY26 dividend record date?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Havells has not yet announced the record date for the FY26 final dividend. Investors should track exchange filings for the record date announcement following shareholder approval at the AGM.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_were_Havells_India_Q3_FY26_results\"><\/span><strong>What were Havells India Q3 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Havells Q3 FY26 results showed revenue and PAT growth consistent with the company&#8217;s trend. Specific Q3 figures can be checked on the Univest Screener for a detailed year-on-year and quarter-on-quarter comparison.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_did_TCS_and_Infosys_declare_Q4_FY26_results\"><\/span><strong>When did TCS and Infosys declare Q4 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>TCS Q4 FY26 results were declared on April 9, 2026. Infosys Q4 FY26 results are expected on April 23, 2026. Visit Univest Blogs for TCS Q4 analysis and the Infosys Q4 preview. Read the TCS Q4 analysis at <a href=\"https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview\">Univest Blogs<\/a> and the Infosys Q4 preview at <a href=\"https:\/\/univest.in\/blogs\/infosys-q4-results-2026-date-preview\">Univest Blogs<\/a>.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available NSE\/BSE filings, exchange announcements, and company investor relations pages. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Article\"><\/span><strong>Recent Article<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/zuari-agro-chemicals-q4-results-2026\">Zuari Agro Chemicals Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/zota-health-care-q4-results-2026\">Zota Health Care Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/zodiac-energy-q4-results-2026\">Zodiac Energy Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/zodiac-clothing-company-q4-results-2026\">Zodiac Clothing Company Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/zim-laboratories-q4-results-2026\">Zim Laboratories Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Havells Q4 FY26 results are out, with the electrical equipment and FMEG major delivering a profit beat that exceeded street expectations. Havells Q4 consolidated profit after tax jumped 40% year-on-year to \u20b9723 crore compared to \u20b9518 crore in Q4 FY25. The sharp Havells Q4 PAT growth reflects improved margins, a favourable product mix, and operating<\/p>\n","protected":false},"author":23,"featured_media":75932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4027],"class_list":["post-75928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-q4-fy26-results"],"metadata":{"_edit_lock":["1776861986:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["79"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"rank_math_title":["Havells Q4 FY26 Results: PAT \u20b9723 Crore +40% YoY, Revenue \u20b96,705 Crore, Dividend \u20b96"],"rank_math_description":["Havells Q4 FY26 results declared April 22, 2026. 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