Havells India, a leading FMEG company, has announced a ₹4 dividend per share, with the record date set for January 22, 2025. The dividend was declared on January 10, 2025, drawing investor attention ahead of the record date.
The corporate action history of the company reveals a consistent record of dividend payouts. On April 30, 2024, a final dividend of ₹6 was declared, with the ex-date set for May 31, 2024.
Earlier, on January 26, 2024, an interim dividend of ₹3 was announced, with the ex-date scheduled for February 1, 2024. In 2023, the company declared a final dividend of ₹4.5 on May 3, with an ex-date of June 2, followed by an interim dividend of ₹3 on January 6, with an ex-date of January 25.
This reflects the company’s commitment to providing returns to its shareholders through regular dividend distributions.
Havells India reported its Q3 FY25 results on Thursday, showing a slight 1.7% year-on-year (YoY) decline in net profit, which amounted to ₹283 crore compared to ₹288 crore in Q3FY24.
On the revenue front, the company posted an 11% YoY growth, reaching ₹4,883 crore, up from ₹4,401 crore in the same quarter of the previous financial year. Segment-wise, the Switchgears segment saw a 10.8% YoY increase to ₹577 crore, while the cable segment grew by 7.3% YoY.
The Lighting and Fixtures segment recorded a 2.5% YoY growth, the Electrical Consumer Durables segment rose by 15% YoY, and other segments showed a 22.8% YoY increase.
Havells India’s share price traded 0.05% higher at ₹1,601.85 at 9:25 AM on the NSE. The stock opened at ₹1,609 higher than ₹1,601.10 at the previous close. The stock price extended its fourth session of gains, with the share price having gained approximately 5.19% since January 15, 2025.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jan 21, 2025, 9:30 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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