Hindware Home Innovation Limited has reported a consolidated net loss of Rs 39.31 crore for the financial year ended March 31, 2026, a significant reduction from the net loss of Rs 68.77 crore in the previous year. Revenue from operations for FY26 stood at Rs 2,510.28 crore, compared to Rs 2,522.99 crore in FY25. EBITDA from continuing operations for the year stood at Rs 232.52 crore, registering a year-on-year growth of 27% with margins at 9% compared to 7% in the corresponding period last year. The Board of Directors approved the results during its meeting held on May 19, 2026.

For the quarter ended March 31, 2026, the company reported a consolidated net loss of Rs 18.87 crore, narrowing from a net loss of Rs 31 crore in the corresponding quarter of the previous year. Revenue from operations for Q4 FY26 was Rs 662.73 crore, a decrease from Rs 699.02 crore in Q4 FY25. EBITDA for the quarter stood at Rs 63 crore versus Rs 51 crore last year, up 23% year-on-year, with margins at 9% compared to 7% in Q4 FY25. The company reported a profit before tax of Rs 11.28 crore for Q4 FY26, compared to a loss before tax of Rs 27.88 crore in the same period last year.

Financial Performance

The full-year results were impacted by exceptional items, including an impairment loss of Rs 51.91 crore recognized by its joint venture, Hintastica Private Limited, and a net exceptional charge of Rs 44.28 crore related to the discontinuation of high-loss product categories.

The quarterly performance highlights year-on-year improvement:

Operational Highlights and Guidance

Management attributed the margin expansion to strategic initiatives, including premiumization and a focus on weighted dealers. The Bathware business reported revenue of Rs 1,520 crore for FY26, a year-on-year growth of 10%, with EBITDA growing 30% to Rs 157 crore. The company has guided for revenue growth in the range of 15% to 20% for the Bathware business in FY27, alongside an improvement in EBITDA margins of 1% to 2%.

The Home Innovation business, which includes kitchen appliances, reported revenue of Rs 317 crore for FY26. Following the discontinuation of loss-making categories such as air coolers and fans, the company expects this segment to turn EBITDA positive in Q1 FY27. Management also targets an 8% to 10% EBITDA margin in the consumer appliances business within the next two financial years.

The Pipes business reported revenue of Rs 673 crore for FY26. Despite challenges from raw material volatility, the company expects volume growth of 14% to 15% in FY27. On a consolidated basis, the company holds a net debt of Rs 708 crore and anticipates a substantial reduction of 30% to 40% over the next two years.

Corporate Developments

During the board meeting held on May 19, 2026, the company approved the appointment of M/s. Protiviti India Member Private Limited as internal auditors for FY27. The board also approved the appointment of Mr. Shashvat Somany as an Additional Director in the category of Non-Executive Non-Independent Director effective July 1, 2026, subject to shareholder approval. The 9th Annual General Meeting is scheduled for August 18, 2026.

Sandip Somany, acting on behalf of all promoters and persons acting in concert (PAC) of hindware home innovation Limited, submitted a formal disclosure on 3rd April, 2026, pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended. The declaration confirms that no encumbrance of shares was created, either directly or indirectly, by the promoters or PAC during the financial year ended 31st March, 2026.

Regulatory Disclosure Under SEBI Takeover Regulations

The disclosure was filed simultaneously with the Corporate Relationship Department of BSE Limited and the Listing Department of the National Stock Exchange of India Limited. This filing is a mandatory annual compliance requirement under SEBI's takeover regulations, obligating promoters to declare the encumbrance status of their shareholding at the close of each financial year.

Entities Covered Under the Declaration

The declaration encompasses 20 entities and individuals, spanning both the Promoter and Promoter Group categories. The following table provides a complete list of entities on whose behalf the declaration has been submitted:

Filing Details and Acknowledgement

The disclosure was digitally signed by Sandip Somany on 3rd April, 2026, and copies were also forwarded to the members of the Audit Committee and the Company Secretary of Hindware Home Innovation Limited. The filing reaffirms the promoter group's compliance with SEBI's regulatory framework governing substantial acquisition of shares and takeovers for the financial year ended 31st March, 2026.