Hindware Home Innovation Limited — PPTs, 12-11-2024: Investor Presentation

**Financial Highlights:** Hindware Home Innovation reported a revenue of ₹1,316.2 Cr for the half-year FY25, representing a 7% decrease year-over-year. The EBITDA margin saw a decline to 11.7%, down from 15.4% in H1 FY24. The company's profit after tax (PAT) amounted to ₹29 Cr, a stark drop of 10.5% year-over-year.

**Strategic Initiatives and Growth Drivers:** Hindware continues to focus on expanding its distribution footprint, especially in Tier 3 and 4 markets, and enhancing brand visibility through innovative marketing. The company is also leveraging its strength in R&D to introduce new products aimed at capturing market share.

**Business Developments:** The Consumer Appliances segment is witnessing a restructuring with the introduction of new energy-efficient product lines, which includes advanced chimneys and built-in ovens. The plastic pipes division reported an 11% volume growth in the first half of FY25, supported by the performance of the CPVC product line.

**Market Position and Competitive Advantage:** Hindware remains a key player in the sanitaryware and faucets market, maintaining a robust distribution network that includes 600 brand stores and over 500 distributors.

**Investor Implications:** The current dip in profitability and revenue suggests a watch list scenario for investors. However, ongoing initiatives in product innovation and market expansion could position the company favorably for long-term recovery and growth.