HAVELLS Results Analysis-Q4FY26

Operating Revenue for Q4FY26 is Rs. 6,688 Crs., 238% flat growth YoY, Total Income is Rs. 7,014 Crs., 6.25% growth YoY (Other Income increases due to fair value gain of Rs. 282.74 Cr. during the quarter), Gross Profit is Rs. 2,094 Crs., flat to negative growth YoY, EBITDA is Rs. 725 Crs., 5.88% Negative growth YoY, EBITDA Margin is 10.83% declined by 95 Basis points YoY, PBT Rs. 933 Crs. 32% growth YoY, PAT Rs. 734 Crs. 40.59% growth YoY. On QoQ basis Op. Revenue is up by 20%, Total Income is up by 24.88%, Gross Profit is up by 13.66%, EBITDA is up by 37.58%, PBT is up by 130.33% and PAT is also up by 143.64%. • Modest Q4 performance as cooling products stocking impacted by milder start to summer season • Industrial infra demand remains strong, however consumer categories experienced cautious trade sentiments amidst higher costs stemming from global disruptions • Maintained overall disciplined spends while advertising investments stepped up for higher visibility.