Havells share price in focus: India’s leading electrical equipment maker, Havells India April 22, reported a 39.63 per cent year-on-year surge in its consolidated net profit to Rs 723.06 crore for Q4 FY26. Revenue from operations jumped 2.47 per cent YoY to Rs 6,705.20 crore, as against Rs 6,543.56 crore in Q4 FY25. The board also recommended a final dividend of Rs 6 per equity share with a face value of Rs 1 each, at a rate of 600 per cent for FY26.
The brokerage firm, Citi, is bullish on Havells India Limited. Let’s find out the reasons to buy the BSE 100 stock along with the latest target price.
Havells share price in focus: Citi upgrades to buy from neutral – Here’s why
The brokerage firm Citi upgrades Havells India Limited to buy from neutral, with an unchanged target price of Rs 1,500. Reasons being:
1. Risk-reward has turned favourable after the recent stock correction
2. Visibility is improving on both growth and margins.
3. Stock correction has created a favourable entry point into a high-quality electricals/consumer durables franchise.
4. Near-term Lloyd margin weakness remains a monitorable.
5. Cables & Wires strength, improving price-cost pass-through, rational competition outside Lloyd, fading Lighting deflation, and emerging operating leverage.
6. Should drive better earnings visibility over FY27–29E
7. Margins should also benefit from operating leverage in ECD and Cables & Wires, bundled with moderation in losses for Lloyd.
Havells Q4 results
Havells Q4 results 2026: Profit jumps 39.9% YoY to Rs 723 crore, revenue up 2.5%
- Revenue – Rs 6,705 crore in Q4 FY26 against Rs 6,543.6 crore in Q4 FY25, up 2.5% YoY
- Profit – Rs 723 crore in Q4 FY26 against Rs 517 crore, up 39.9% YoY
- EBITDA – Rs 730 crore in Q4 FY26 against Rs 758 crore; down 3.7% YoY
- EBITDA Margin – 10.9% in Q4 FY26 against 11.6% in Q4 FY25; down 70 bps YoY
Havells dividend 2026
The Board also recommended a final dividend of Rs 6 for the financial year 2025-26.
“The Board of Directors recommended a Final Dividend of Rs 6/- per equity share of Re 1/- each, i.e. 600 % for the financial year 2025-26. This is in addition to the Interim Dividend declared during the FY 2025-26 for an amount of Rs 4/- per share. Havells said in an exchange filing.
Havells share price today
At the time of writing this report (9:39 AM), the shares of Havells India Ltd were trading 2.19 per cent higher at Rs 1185.00, compared with their previous closing price of Rs 1,159.55.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
