Hindware Home Innovation Limited has successfully completed the sale of manufacturing assets through its joint venture Hintastica Private Limited (HPL) to Ariston Water Heating Products India Private Limited. The transaction, which was finalized on December 11, 2025, involves the sale of manufacturing facilities in Telangana for a revised consideration of INR 115.00 crore.

Transaction Completion Details

Asset Sale Specifications

The completed transaction encompasses the transfer of identified manufacturing assets located at Green Industrial Park, Pollepally Village, Jadcherla Mandal, Mehaboob Nagar, Telangana. The assets include comprehensive manufacturing infrastructure comprising land, buildings, plant, machinery, and equipment.

Regulatory Compliance and Documentation

All conditions precedent under the Asset Sale Agreement dated October 17, 2025, have been duly satisfied. The company has completed the execution of the Sale Deed along with all ancillary closing documents, ensuring full regulatory compliance under SEBI regulations.

Strategic Business Impact

The transaction represents a continuation of Hindware Home Innovation's strategic shift towards an asset-light business model. HPL, which has been manufacturing electric storage water heaters since 2023, will maintain its operational focus in the water heater segment while optimizing its asset utilization strategy.

The completion of this asset sale strengthens the company's balance sheet and provides enhanced operational flexibility. This strategic move aligns with the company's broader objectives of focusing on market development, product innovation, and expanding consumer reach through its established distribution network.

Hindware Home Innovation Limited , a leading player in the home solutions space, has reported a mixed set of results for the second quarter of fiscal year 2026. The company's strategic shift towards core profitable segments has begun to show positive impact, despite facing challenges in certain business areas.

Financial Highlights

For Q2 FY26, Hindware Home Innovation reported:

Business Segment Performance

Bathware Business

The Bathware segment, which includes sanitaryware and faucets, demonstrated resilience:

• Revenue: ₹397.00 crore
• Growth: 10.1% year-on-year
• EBITDA: ₹43.00 crore
• PBT: ₹16.00 crore

Nirupam Sahay, CEO of Bath and Consumer Appliances business, stated, "Even though the market remained somewhat soft this quarter as well, we continue to be well-positioned, backed by our strong fundamentals."

Consumer Appliances

The company has strategically decided to focus on kitchen appliances, particularly chimneys, hobs, and cooktops. This segment reported:

• H1 FY26 Revenue: ₹155.00 crore
• H1 FY26 EBITDA: ₹17.00 crore
• H1 FY26 PBT (before exceptional items): ₹8.00 crore

Pipes and Fittings

The pipes segment faced challenges due to raw material price fluctuations and subdued market demand. For Q2 FY26, it reported:

• Revenue: ₹196.00 crore
• EBITDA: ₹12.00 crore
• PBT: -₹5.00 crore (negative)

Strategic Initiatives

1. Portfolio Rationalization: The company has discontinued high loss-making product categories such as air coolers (except through e-commerce), fans, air purifiers, water purifiers, and furniture fittings.

2. Focus on Premium Segments: Hindware Home Innovation is emphasizing mid-premium and premium products in the Bathware segment, which currently account for about 50% of sales.

3. Expansion Plans: Trial production has commenced at the new Roorkee facility in Uttarakhand, with commercial operations expected to begin in H2 FY26.

4. Product Innovation: The company has introduced new products like foam core pipes, double-wall corrugated (DWC) pipes, and polypropylene random (PPR) pipes to address diverse market needs.

Market Outlook

The management expects the Bathware market to grow in mid-single digits in the second half of FY26, while the Consumer Appliances segment may see growth in late-single to early-double digits.

Management Commentary

Sandeep Sikka, Group CFO, commented on the company's future prospects: "We have taken a number of steps over the last 4-5 quarters in terms of improving returns and bringing back growth. The next few quarters are important for us to demonstrate how we have come back."

Hindware Home Innovation's strategic focus on core profitable segments and premium products, coupled with its expansion plans, positions the company to navigate the current market challenges and potentially capitalize on future growth opportunities in the home solutions sector.