About Hindware Home Innovation Ltd.
Hindware Home Innovation Ltd. (NSE: HINDWAREAP) is a major Indian consumer appliances and building products company, headquartered in Gurugram, Haryana. Formerly known as Somany Home Innovation Limited, it was incorporated in 2017 and adopted its current name in May 2022 to leverage the strength of the Hindware brand.
The company is involved in manufacturing, branding, marketing, sales, distribution, and servicing of a wide range of products. Its consumer appliances portfolio includes kitchen appliances (like chimneys, cooktops, dishwashers and water purifiers), air coolers, fans, water heaters and related home comfort products. In the building products segment, through its subsidiary Hindware Limited, it offers sanitaryware, faucets, premium tiles, plastic pipes & fittings under brands like Truflo by Hindware.
Hindware Home Innovation is regarded as one of the fastest-growing players in its segments in India, with a wide distribution network across the country and a focus on innovation, design and consumer-centric product offerings.
Business Overview
Hindware operates through three key segments, Bathware, Plastic Pipes & Fittings, and Consumer Products. The Bathware and Pipes businesses are carried out through Hindware Limited, while the Consumer Products business continues under Hindware Home Innovation Limited. The Company emphasizes strong brand recall, extensive distribution, product innovation, quality control, and customer-centric after-sales service as its core competitive strengths.
Bathware Business
The Bathware segment reported revenue of ₹386 crore in Q3 FY26 and ₹1,123 crore for 9M FY26, with EBITDA margins around 10–11%. The business operates manufacturing plants in Haryana, Telangana, and Rajasthan and maintains a strong distribution network of brand stores, distributors, and retailers. It continues to focus on premiumization, product innovation, institutional sales, and operational efficiency.
Plastic Pipes & Fittings Business
The Pipes business recorded revenue of ₹173 crore in Q3 FY26 and ₹488 crore for 9M FY26. EBITDA margins remained stable at around 7%. The Company expanded capacity with the commencement of commercial production at its Roorkee plant in January 2026. The Truflo by Hindware brand has strengthened its distribution network and product portfolio, including DWC pipes, foam core pipes, and PPR systems.
Consumer Products Business (Standalone)
The Consumer Products segment generated revenue of ₹81 crore in Q3 FY26 and ₹237 crore for 9M FY26. The Company rationalized its portfolio by discontinuing certain high loss-making categories to focus on core kitchen appliances. Operational efficiencies and strengthened online presence are expected to improve profitability going forward.
Consolidated Financial Performance
On a consolidated basis, the Company reported revenue of ₹640 crore in Q3 FY26 and ₹1,848 crore for 9M FY26. The revenue mix for Q3 FY26 comprised 60% Bathware, 27% Plastic Pipes & Fittings, and 13% Consumer Products. EBITDA margins improved to 8% in Q3 FY26 and 9% for 9M FY26, reflecting operational stabilization and cost optimization efforts.
ESG and Sustainability Focus
The Company reaffirmed its commitment to environmental, social, and governance (ESG) practices. It continues to invest in rooftop solar installations, water recycling, waste management, and energy-efficient technologies. Emphasis is placed on inclusive workplace practices, ethical governance, and long-term sustainable growth.
Summary
Overall, the Q3 and 9M FY26 presentation reflects Hindware’s strategic transformation through restructuring, portfolio rationalization, capacity expansion, and focused profitability initiatives aimed at enhancing shareholder value.