Hindware Home Innovation Limited — PPTs, 27-05-2025: Investor Presentation

1. Financial Highlights:

Hindware Limited’s bathware business posted ₹1,580 Cr revenue, up from ₹1,384 Cr, with EBITDA margin stable at 15% and EBIT margin modestly improving to 11%. Net bank debt sharply declined to ₹25 Cr from ₹124 Cr, indicating stronger leverage. Pipes segment revenue grew slightly to ₹786 Cr with EBITDA margin around 9%. Hindware Home Innovation Limited’s consumer products recorded ₹422 Cr revenue but reported negative EBITDA and PAT margins near -5% and -11%, respectively. Consolidated revenue rose to ₹2,776 Cr, with EBITDA margin improving to 11%, though PAT margin remains slightly negative at around 2%.

2. Strategic Initiatives & Growth Drivers:

Focus on expanding high-growth pipes portfolio including foam core, PPR, and double wall corrugated pipes, backed by near-complete Roorkee capacity expansion. Bathware premiumization continues with new designer SKUs and enhanced after-sales. Digital marketing and e-commerce are key growth enablers. Kitchen appliances portfolio is being streamlined toward established products and innovation in smart, low-noise chimneys.

3. Business Developments:

A composite scheme to demerge Consumer Products into Hindware Home Innovation Limited was approved, with separate listings planned and existing entity to cease post-implementation. Improvements in warehousing and logistics are driving operational efficiencies. Multiple new product launches in pipes and bathware demonstrate strong innovation momentum.

4. Market Position & Competitive Advantage:

Hindware holds a leading position in sanitaryware and faucets with a vast network of 600+ brand stores and 35,000+ retail partners. Truflo by Hindware leads the fast-growing pipes segment with over 2,000 SKUs and engaged plumber community. Strong brand equity, wide distribution, and premium offerings underpin a resilient growth platform.

5. Investor Implications:

Premiumization focus, capacity ramp-up, and digital channel expansion offer positive growth potential. Consumer products’ losses require monitoring despite portfolio and cost optimization efforts. Debt reduction and margin gains strengthen financial health, positioning Hindware for scalable, profitable growth ahead.