Hindware Home Innovation Limited — Credit Ratings, 31-03-2026: Credit Rating

CARE Ratings has downgraded Hindware Home Innovation's Long Term Bank Facilities worth Rs. 159 Cr to CARE BBB+ (RWD) from CARE A- (RWD). Short Term Bank Facilities worth Rs. 110 Cr were also downgraded to CARE A2 (RWD) from CARE A2+ (RWD). These revisions reflect the company's operational and financial performance and its ongoing demerger scheme. Both ratings remain on Rating Watch with Developing Implications.