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Earnings Call

Hindware Home Innovation Earnings Call: Key Takeaways

Hindware shows a recovery in EBITDA margins to 9% despite revenue flatlining, driven by exiting loss-making consumer categories and aggressive pricing in bathware to offset raw material inflation.

Why this was an Alfa AlertNot a filter event. Results were largely in line with recovery expectations and did not materially exceed self-guided ranges by >5%.
Highlights
Revenue growthFY26 revenue ₹2510cr vs ₹2523cr; Q4 revenue ₹663cr vs ₹699cr YoY.
MarginsEBITDA margin improved to 9% from 7% YoY; targeting teens soon.
Demand visibilitySubdued Q4 macro environment but strong momentum observed in April FY27.
Management confidenceBalanced, focused on portfolio rationalization and debt reduction via internal accruals.

Growth

FY26 revenue hit ₹2510cr, essentially flat YoY. Bathware grew 10%, while pipes and consumer appliances faced significant volatility and inventory-led supply hits.

Outlook

Management targets 15-20% bathware growth and 14-15% pipe volume growth for FY27, aiming for 100-200bps annual margin expansion.

Risks

Extreme raw material volatility in PVC and brass; pipes business remains highly sensitive to resin pricing cycles.

Source

Earnings Call filed with BSE, NSE: HINDWAREAP. Summary written with AI assistance from the document.

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Hindware Home Innovation Ltd: key numbers

Share price
₹173.68
Market cap
₹1,453 Cr
Revenue (annual)
₹2,510 Cr
Net profit (annual)
₹-39.68 Cr
P/E (TTM)
-233.2×Sector 45.9×
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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14:26 IST BSE
Other Announcement

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.

17:18 IST BSE
Financial Results

Hindware Home Innovation Q1 FY27 Results: Turns Profitable, Net Profit ₹4.3 Cr

Hindware Home Innovation Ltd reported revenue from operations of ₹625.2 Cr (+17.7% YoY) and net profit of ₹4.3 Cr for Q1 FY27.

Key figure
Net profit ₹4.3 Cr