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HINDWAREHOMEINNOVATION Diversified 10 Feb 2026

Hindware Home Innovation Ltd — Q3 FY26

Hindware Home Innovation reported a solid Q3 FY26 with consolidated revenue of ₹640 crore (+8% YoY) and EBITDA of ₹52 crore (+38% YoY), driven by strong performance in bathware (14% revenue growth) and consumer appliances (21% growth).

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Revenue ₹640 Cr +8%
EBITDA ₹52 Cr +38%
PAT ₹4 Cr
EBITDA Margin 8% +210bps
Duration 45 min
Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Hindware Home Innovation reported a solid Q3 FY26 with consolidated revenue of ₹640 crore (+8% YoY) and EBITDA of ₹52 crore (+38% YoY), driven by strong performance in bathware (14% revenue growth) and consumer appliances (21% growth). EBITDA margin expanded 210 bps YoY to 8.1%, aided by premiumization and cost controls. The pipes business faced headwinds from resin price volatility but expects recovery with the new Rudrapur plant now operational. Management guided for 15-20% CAGR in kitchen appliances and 12-15% volume growth in pipes. Key risks include sustained raw material inflation and competitive pressures in the pipes segment.

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Focused Modules

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Risk Intelligence

Resin Price Volatility in Pipes

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Quarter Snapshot

Bathware Revenue Growth 14%
+14% YoY

Bathware segment grew 14% YoY in Q3, driven by premiumization and market share gains.

Consumer Appliances Revenue ₹81 Cr
+21% YoY

Consumer appliances revenue grew 21% YoY, led by kitchen appliances focus.

Pipes Volume Growth (Jan) 30%
+30% YoY

January 2026 saw 30% volume growth in pipes, indicating restocking and demand recovery.

Premium Product Share (Bathware) 40%
Flat

Premium products constituted 40% of bathware Q3 revenue, supporting margin improvement.

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Guidance and risk preview

Top guidance Kitchen Appliances CAGR of 15-20%

Management expects 15-20% CAGR in kitchen appliances over the next 2-3 years, driven by focused strategy.

Top risk Resin Price Volatility in Pipes

Sharp fluctuations in resin prices impacted pipes realizations and volumes; stabilization is recent but not guaranteed.

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