Havells India Q3 FY25 Results and Dividend Announcement

ells India Ltd., the country’s leading home appliances and electrical equipment manufacturer, announced its Q3 FY25 results and declared a 400% interim dividend of ₹4 per equity share (face value ₹1) for the financial year 2024-25. The board approved the dividend during its meeting on January 16, 2025, alongside the quarterly earnings for the period ending December 31, 2024. Dividend Details Record Date: January 22, 2025 Payment Date: On or before February 14, 2025 The dividend will be paid to shareholders listed in the Register of Members as of the record date. Q3 FY25 Financial Highlights Havells India reported a 3% year-on-year decline in net profit, reaching ₹278 crore compared to ₹287 crore in Q3 FY24. Revenue from operations grew by 10.8% to ₹4,889 crore from ₹4,414 crore, driven by strong performance in cables and the Lloyd consumer segment. However, total expenses rose 12.3% to ₹4,564 crore, impacting margins due to increased spending on labor, marketing, and R&D to bolster retail distribution and the Lloyd brand.