Havells India’s Board of Directors has recommended a final dividend of ₹6 per equity share of face value ₹1 each — representing 600% on face value — for the financial year 2025-26, the company announced alongside its Q4 FY26 results. This is in addition to the interim dividend of ₹4 per share already declared during FY26, taking the total dividend payout for the year to ₹10 per equity share.
The final dividend, if approved by shareholders at the forthcoming Annual General Meeting, will be paid or dispatched to eligible shareholders within 30 days from the date of the AGM.
What the Total Dividend Means
The combined FY26 payout of ₹10 per share — ₹4 interim plus ₹6 final — represents a meaningful return to Havells shareholders in a year where the company delivered full-year consolidated net profit of ₹1,689.25 crore, up 14.9% year-on-year from ₹1,470.24 crore in FY25. Havells has maintained a consistent dividend track record over the years, and the ₹10 per share total for FY26 is in line with its practice of distributing a significant portion of profits back to shareholders while retaining adequate capital for growth investments across its diversified electrical and consumer portfolio.
At the current market price, the ₹10 total per share dividend translates to a dividend yield calculation that shareholders can benchmark against the stock’s trailing performance. The 600% final dividend on face value — while a striking percentage — reflects the very low face value of ₹1 per share rather than an outsized absolute payout.
The Dividend in the Context of Q4 FY26 Results
The ₹6 final dividend recommendation comes on the back of a strong Q4 FY26 beat — net profit of ₹723.39 crore against estimates of ₹470 crore, revenue of ₹6,705.20 crore and a full-year profit before tax of ₹2,209.57 crore. The board’s decision to recommend a ₹6 final dividend signals confidence in the company’s cash generation and balance sheet strength — Havells carries minimal debt with finance costs of just ₹9.87 crore in Q4 FY26 alone, leaving ample room for both capital allocation and shareholder returns simultaneously.
The total ₹10 per share payout for FY26 will be one of the key metrics dividend-focused investors and income-oriented mutual funds will note alongside the quarterly earnings when assessing the stock’s attractiveness at current valuations.
What Shareholders Need to Know
The final dividend of ₹6 per share is subject to shareholder approval at the AGM. Once approved, payment will be made within 30 days of the AGM date. Shareholders whose names appear on the register of members or in depository records as of the record date — to be announced ahead of the AGM — will be eligible to receive the final dividend.
The interim dividend of ₹4 per share has already been paid during the course of FY26. No further action is required by shareholders who received the interim payout. Eligibility for the final dividend will be determined separately based on the record date set ahead of the AGM.
As with all dividends paid after April 1, 2020, the final dividend will be taxable in the hands of shareholders as per their applicable income tax slab rates, with TDS deducted by the company at applicable rates at the time of payment.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers are advised to consult a SEBI-registered financial advisor before making investment decisions.