Hindware Home Innovation Ltd
NSE:HINDWAREAP
Hindware Home Innovation Ltd
Somany Home Innovations Ltd. engages in the branding, marketing, sale, distribution, trade, service of consumer appliances and furniture retail. The company is headquartered in Kolkata, West Bengal. The company went IPO on 2019-12-26. The firm operates through three segments: consumer appliances business, retail business and building products segments. Its portfolio across categories includes kitchen appliances, such as sinks, cooker hoods, built-in hobs, chimney, cook-tops, built-in ovens, dishwashers, food sanitizers, and consumer appliances, such as water heaters, water purifiers, air coolers, ceiling fans, table fans, wall fans, pedestal fans, and kitchen and furniture fittings. The company offers a range of sanitaryware, faucets, plastic pipes and fittings, overhead water storage tanks, column pipes and premium tiles. Its brands include Hindware Kitchen Ensemble, Hindware Atlantic Water Heater, Hindware Snowcrest Air Cooler, Moonbow by Hindware, Evok by Hindware and FGV by Hindware. The company also includes a range of products, such as Activio food sanitizer and Hindware Purge surface disinfectant.
Somany Home Innovations Ltd. engages in the branding, marketing, sale, distribution, trade, service of consumer appliances and furniture retail. The company is headquartered in Kolkata, West Bengal. The company went IPO on 2019-12-26. The firm operates through three segments: consumer appliances business, retail business and building products segments. Its portfolio across categories includes kitchen appliances, such as sinks, cooker hoods, built-in hobs, chimney, cook-tops, built-in ovens, dishwashers, food sanitizers, and consumer appliances, such as water heaters, water purifiers, air coolers, ceiling fans, table fans, wall fans, pedestal fans, and kitchen and furniture fittings. The company offers a range of sanitaryware, faucets, plastic pipes and fittings, overhead water storage tanks, column pipes and premium tiles. Its brands include Hindware Kitchen Ensemble, Hindware Atlantic Water Heater, Hindware Snowcrest Air Cooler, Moonbow by Hindware, Evok by Hindware and FGV by Hindware. The company also includes a range of products, such as Activio food sanitizer and Hindware Purge surface disinfectant.
Revenue Growth: Hindware Home Innovation reported 8% year-on-year consolidated revenue growth in Q3 FY26, reaching INR 640 crores, with 1% growth for the 9-month period.
Margin Expansion: EBITDA margin improved to 8% in Q3 FY26 from 6% last year, and 9% for the 9-month period, up from 7% year-on-year.
Profit Turnaround: Profit before tax before exceptional items swung to INR 6 crores in Q3, recovering from a loss of INR 16 crores in the same quarter last year.
Strategic Focus: The company discontinued several loss-making categories to focus on higher-margin kitchen appliances and core segments.
Bathware Growth: Bathware business saw 14% revenue growth in Q3 and achieved 11% EBITDA margin for 9 months, with premium products contributing 40% of Q3 revenues.
Pipes Business Momentum: Pipes business saw revenue of INR 173 crores in Q3, with signs of recovery as resin prices stabilized and a new Roorkee plant began commercial operations.
Working Capital Improvement: Working capital days reduced by 5 days to 95, mainly due to better receivables and inventory management.
Guidance: Management expects steady growth and margin expansion, targeting double-digit margins in consumer appliances and 3-4% EBITDA margin improvement in Bathware over 18-24 months.
