ALFA Finder| Revenue growth | Bathware: 10% YoY growth; Pipes: 14% YoY decline. |
|---|---|
| Margins | Bathware EBITDA margins improved to 10.3% from 8.8%. |
| Demand visibility | Sustained demand in core Bathware; subdued infrastructure spending in Pipes. |
| Management confidence | High for Bathware; cautiously optimistic for Pipes recovery by H2 FY27. |
Growth
Bathware sales grew 10% YoY to ₹1,520 crore; EBITDA rose 30% to ₹157 crore. Pipes revenue declined 14% to ₹673 crore.
Outlook
Guided 15-20% sales growth in Bathware for FY27. Composite scheme effective April 1, 2025, for business demerger.
Risks
Raw material volatility, unseasonal rainfall, and subdued infrastructure spending impacted Pipes & Fittings profitability.
Earnings Call filed with BSE, NSE: HINDWAREAP. Summary written with AI assistance from the document.
Hindware Home Innovation Ltd: key numbers
- Share price
- ₹176.30
- Market cap
- ₹1,475 Cr
- Revenue (annual)
- ₹2,510 Cr
- Net profit (annual)
- ₹-39.68 Cr
- P/E (TTM)
- -236.7×Sector 44.3×
- 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.
More from Hindware Home Innovation Ltd
All →Hindware Home Innovation Merger & Restructuring
Hindware Home Innovation received the certified NCLT order sanctioning its composite demerger and amalgamation scheme, dated 14 October 2026. The effective date and record date will be announced later.
Hindware Home Innovation Board Meeting Date
Hindware Home Innovation's board will meet on 13 November 2026 to approve unaudited Q2 and half-year results. The meeting notice also proposes routine matters beyond the results.
Hindware Home Innovation Management Change
Hindware Home Innovation's CEO and CFO Naveen Malik and Company Secretary Payal Puri resigned effective 3 November 2026. Both are moving to subsidiary Hindware Limited as part of an internal reorganisation.
Hindware Home Innovation Merger & Restructuring
Hindware Home Innovation Limited received the NCLT Kolkata Bench order sanctioning its composite scheme of arrangement involving demerger and amalgamation of its business segments.
Hindware Home Innovation Legal & Regulatory
Hindware Limited received a Rs. 1.27 Crore tax demand order under the Kerala Value Added Tax Act for FY 2012-13.
- Value
- ₹1.27 Cr
Hindware Home Innovation Other Announcement
Hindware Home Innovation received a Crisil ESG rating of 48 (Below average) assigned on 7 September 2026. The company clarified CRISIL independently assigned the rating without engagement.