Hindware Home Innovation Limited — PPTs, 19-05-2026: Investor Presentation

**Hindware Home Innovation: FY26 Business & Strategic Moves**

**Business Performance:** The company made a notable turnaround in FY26! Consolidated PBT swung to a ₹10 Cr profit from a ₹69 Cr loss last year, while EBITDA surged 38% to ₹198 Cr, despite a slight revenue dip to ₹2,510 Cr. Bathware led the charge, growing sales 10% to ₹1,520 Cr with EBITDA up 30%. Pipes & Fittings faced challenges, but Consumer Appliances significantly cut losses, improving PBT from -₹73 Cr to -₹28 Cr by rationalizing its portfolio.

**Growth Drivers & Strategy:** Hindware is pushing premiumization and expanding its Bathware market reach via strong distribution. The Pipes business is diversifying its product range (like fire sprinklers, DWC pipes) and ramping up manufacturing with new facilities. Consumer Appliances is focusing on profitable categories such as chimneys and water heaters, supported by operational efficiency and digital efforts.

**Recent Developments:** A key update is the approved Composite Scheme of Arrangement. Existing shareholders will receive one share each in the newly listing HHIL Limited and Hindware Limited for every current share, marking a significant structural change. Also, the Roorkee Pipes plant began operations, boosting manufacturing capacity.

**Management Outlook:** Expect 15-20% sales growth for Bathware in FY27. New plants are set to enhance Pipes business performance from H2 FY27, as the company drives overall growth through cost optimization and stronger brand engagement.