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.

Hindware Home Innovation Limited (HHIL) has announced its unaudited financial results for the second quarter of fiscal year 2026, revealing growth and strategic focus areas.

Financial Highlights

• Revenue reached ₹832.00 crores in Q2FY26, marking a 10.00% year-over-year increase.
• The company achieved an EBITDA margin of 11.00% during the quarter.

Strategic Focus and Expansion

HHIL is expanding its consumer appliance division through several key initiatives:

1. Launching premium products
2. Growing its dealer network
3. Brand premiumization
4. Developing its modular furniture offerings
5. Expanding its water heater portfolio

Management Outlook

The company's management has set the following targets:

• Aiming for double-digit growth
• Expecting margin expansion through:
  • Improved product mix
  • Cost efficiencies

Previous Strategic Shifts

Earlier, HHIL had announced strategic shifts including:

• Discontinuation of high-loss product categories such as air coolers (except through e-commerce), ceiling and other fans, air purifiers, water purifiers, and furniture fittings.
• A focus on the core kitchen appliance business.

Corporate Restructuring

The company is undergoing a corporate restructuring process, which includes:

1. Demerger of HHIL's Consumer Products Business into HHIL Limited.
2. Subsequent amalgamation of the remaining HHIL with Hindware Limited.

This restructuring is subject to necessary approvals from shareholders, creditors, and regulatory bodies, including NCLT sanction.

Conclusion

Hindware Home Innovation's latest financial results and strategic initiatives demonstrate the company's focus on growth and operational efficiency. By emphasizing premium products, expanding its dealer network, and optimizing its product portfolio, HHIL is positioning itself in the home appliances and building products market.