Hindware Home Innovation Q4 FY26: Revenue ₹663 Cr, EBITDA ₹63 Cr. Bathware & Consumer Business Shows Growth.
Hindware Home Innovation reported Q4 FY26 revenue of ₹663 crore and FY26 revenue of ₹2,510 crore. EBITDA grew 23% YoY in Q4 to ₹63 crore and 27% in FY26 to ₹233 crore. Bathware business revenue grew 10% in Q4 and 10% in FY26, with a projected 15-20% growth for FY27.
The announcement details financial performance and strategic decisions, including portfolio rationalization and growth projections, which are material for investors.
The company reported significant EBITDA growth and margin improvement, particularly in the Bathware segment, and provided positive growth outlooks for the upcoming fiscal year.
Hindware Home Innovation Limited has released its financial results for the fourth quarter and full year ended March 31, 2026. The company hosted an Earnings Conference Call on May 20, 2026, and a transcript of this call was shared on May 26, 2026.
For the full fiscal year 2026, Hindware Home Innovation reported a consolidated revenue of ₹2,510 crore, a slight decrease from ₹2,523 crore in FY25. However, EBITDA saw a significant year-on-year growth of 27%, reaching ₹233 crore, with margins improving to 9% from 7% in the previous year. Profit before tax (excluding exceptional items) stood at ₹45 crore, a notable improvement from a negative ₹28 crore in FY25.
In the fourth quarter of FY26, consolidated revenue was ₹663 crore, compared to ₹699 crore in Q4 FY25. EBITDA for the quarter grew by 23% year-on-year to ₹63 crore, with margins at 9% (up from 7% in Q4 FY25). Profit before tax (excluding exceptional items) for the quarter was ₹15 crore, up from ₹2 crore in the corresponding quarter last year.
The company announced a strategic decision to discontinue certain high loss-making product categories, including air coolers (except via e-commerce), ceiling and other fans, air purifiers, water purifiers, and furniture fittings, to sharpen its focus on the kitchen appliances segment.
The Bathware Business showed robust performance, with FY26 revenue at ₹1,520 crore (up 10% YoY) and EBITDA at ₹157 crore (up 30% YoY), with margins improving to 10.3%. For Q4 FY26, Bathware revenue was ₹397 crore (up 10% YoY) and EBITDA was ₹38 crore (up 20% YoY) with margins at 9.5%. The company is confident of delivering 15% to 20% growth in FY27 for the Bathware business.
The Pipes Business faced challenges in FY26 due to raw material volatility, with Q4 FY26 revenue at ₹186 crore and EBITDA of ₹10 crore. For the full year FY26, revenue was ₹673 crore with EBITDA of ₹41 crore. The company expects an increase of 14% to 15% in volume for the pipes business in FY27, supported by the newly operational Roorkee plant.
The Hindware Home Innovation segment reported FY26 revenue of ₹317 crore with a negative EBITDA of ₹12 crore. The company expects this segment to turn EBITDA positive in Q1 FY27.
The company has implemented price increases in faucets and sanitaryware to protect margins against rising input costs.
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Hindware Home Innovation Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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