| Management target | Revenue 15.0% FY27 |
|---|
| Revenue growth | Bathware: 14% YoY; Consumer Appliances: 16% YoY; Pipes: -18% YoY. |
|---|---|
| Margins | Bathware EBITDA rose to ₹46Cr; Pipes EBITDA margin dropped to 3%. |
| Order book | Institutional and project sales contribute 25% to Bathware revenue. |
| Demand visibility | Strong momentum in core Bathware categories; seasonal softness in Pipes. |
| Management confidence | High in Bathware momentum and Consumer segment margin expansion. |
Growth
Bathware sales up 14% YoY to ₹387Cr. Consumer Appliances revenue rose 16% to ₹83Cr. Pipes revenue declined 18% YoY to ₹153Cr.
Outlook
Aims for mid-teen sales growth in Bathware for FY27. Consumer business targeting ₹500Cr+ revenue within 2 years.
Risks
Pipes impacted by currency volatility, PVC resin price fluctuations, and aggressive competition. High input costs in Bathware.
Last quarter's promises, checked
Delivered
- Guided Bathware EBITDA margin improvement → delivered 11.9% vs 10.3% YoY (= BEAT)
- Guided Consumer Appliance growth 15-20% → delivered 16% YoY (= BEAT)
- Guided Bathware growth 15-20% → delivered 14% YoY (= PARTIAL/BEAT)
Partly delivered
- Guided Net Debt reduction 30-40% in 2-3 years → current Net Debt ₹651Cr vs ₹708Cr (= PARTIAL)
Missed
- Guided Pipe volume growth 14-15% → delivered -18% revenue decline (= MISS)
- Guided Consumer EBITDA positive Q1 FY27 → delivered margin headwinds/softness (= MISS)
Investor Presentation filed with NSE, NSE: HINDWAREAP. Summary written with AI assistance from the document.
Hindware Home Innovation Ltd: key numbers
- Share price
- ₹170.80
- Market cap
- ₹1,429 Cr
- Revenue (annual)
- ₹2,510 Cr
- Net profit (annual)
- ₹-39.68 Cr
- P/E (TTM)
- -229.3×Sector 45.6×
- Promoter holding
- 52.74%+0.00% QoQ
- FII holding
- 5.14%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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All →Hindware Home Innovation Other Announcement
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- Key figure
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