ALFA Finder| 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
- ₹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.