Hindware Home Innovation Q1 FY27 Results: Revenue Up 14% to ₹387 Cr, EBITDA ₹46 Cr
Hindware Home Innovation reported Q1 FY27 results with Bathware sales up 14% YoY to ₹387 Cr and EBITDA at ₹46 Cr. Consumer Appliances revenue grew 16% YoY to ₹83 Cr. Consolidated revenue was ₹663 Cr with EBITDA of ₹54 Cr. The company targets mid-teen sales growth for Bathware in FY27.
The results show growth in key segments and provide a forward-looking outlook, which is moderately impactful for investors. However, challenges in the Pipes & Fittings segment and ongoing restructuring introduce some uncertainty.
The company has shown positive year-on-year growth in key segments like Bathware and Consumer Appliances, indicating a positive financial performance despite industry headwinds.
Hindware Home Innovation Limited has announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026.
The Bathware business reported a sales growth of approximately 14% year-on-year, reaching ₹387 crore in Q1 FY27, compared to ₹341 crore in Q1 FY26. EBITDA for the segment rose to ₹46 crore, driven by a better product mix and operating leverage.
The Pipes & Fittings business faced headwinds including currency volatility, PVC resin price fluctuations, and competitive pricing. Despite these challenges, the company is focusing on portfolio diversification, introducing value-added products like DWC pipes, PTMT bath fittings, and foam core pipes. The Roorkee plant commenced commercial production on January 30, 2026.
The Consumer Appliances segment recorded revenue of approximately ₹83 crore in Q1 FY27, a 16% year-on-year increase. The company aims for revenues to cross ₹500 crore within two years and reach ₹700-750 crore by FY31, with strong gross margins of 35-40% expected to expand overall margins into double digits.
On a consolidated basis, revenue for Q1 FY27 stood at ₹663 crore, with EBITDA at ₹54 crore. The company's strategic outlook includes mid-teen sales growth for the Bathware business in FY27, supported by improving market conditions and strong momentum. Hindware Home Innovation Limited is also progressing with a composite scheme of arrangement involving the demerger of its Consumer Products Business and amalgamation of the remaining Company into Hindware Limited.
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