Hindware Home Innovation Limited has reported its financial results for the first quarter, revealing a strategic shift in its business focus and a mixed performance across its segments.

Financial Highlights

The company reported consolidated revenue of INR 531.00 crores and EBITDA of INR 58.00 crores for Q1. This performance comes amidst significant changes in the company's product portfolio and business strategy.

Strategic Restructuring

In a notable move, Hindware Home Innovation has announced the strategic discontinuation of several high loss-making product categories. These include:

• Air coolers (except for e-commerce channel)
• Ceiling fans
• Air purifiers
• Water purifiers
• Furniture fittings

This decision is aimed at sharpening the company's focus on its kitchen appliances segment, which includes chimneys, hobs, and cooktops.

Segment Performance

Bathware Business

The Bathware segment showed positive growth and margin improvement initiatives. The company is implementing a comprehensive strategy to enhance growth, profitability, and margins in this segment.

Consumer Appliances

This segment's performance reflects the recent portfolio rationalization. The company is now focusing on kitchen appliances, which are showing growth and improved profitability.

Pipes Business

The Pipes segment faced challenges due to raw material price volatility and early monsoons. However, the company expects improved performance in the second half, with the Roorkee plant set to commence commercial production.

Future Outlook

Hindware Home Innovation's management has outlined several key initiatives and expectations:

1. The Bathware business is targeting mid-teens EBITDA margins.
2. The company expects improved overall performance in the second half.
3. The demerger approval process is anticipated to complete within 8-12 months after SEBI clearance.

Management Commentary

Nirupam Sahay, CEO of Bath and Consumer Appliances Business, stated, "We expect accelerated growth on the quarterly number from this quarter itself. We've already seen a move to positive growth in quarter 1. We expect acceleration based on all the initiatives that we've taken on distribution, on product, on influencers and on brand building."

Rajesh Pajnoo, CEO of Pipes Business, commented on the segment's performance, saying, "We are confident that these strategic initiatives, combined with capacity expansion and portfolio diversification will drive profitable growth as we move forward."

The company's strategic restructuring and focus on core profitable segments indicate a clear direction towards improving overall performance and shareholder value in the coming quarters.

Hindware Home Innovation Limited , a leading player in the consumer appliances and building products sector, has announced its financial results for the first quarter of fiscal year 2026, along with significant strategic changes to its business structure.

Strategic Shift and Restructuring

The company has made a pivotal decision to focus on its kitchen appliances business, including chimneys, hobs, and cooktops. As part of this restructuring, Hindware Home Innovation is discontinuing several high loss-making product categories, including:

• Air coolers (except through e-commerce channels)
• Ceiling and other fans
• Air purifiers
• Water purifiers
• Furniture fittings

This strategic move has led to an exceptional provision of ₹49.49 crore, which has been reported as an exceptional item in the Q1 FY2026 financial results.

Financial Performance

For the quarter ended June 30, 2025, Hindware Home Innovation reported the following consolidated results:

The company's performance was significantly impacted by the restructuring efforts and the discontinuation of certain product lines. Revenue from discontinued trading goods dropped to ₹0.37 crore in Q1 FY2026, compared to ₹30.17 crore in the same quarter of the previous year.

Segment Performance

Consumer Appliances Business

• Revenue: ₹71.96 crore
• Segment result: Profit of ₹4.78 crore

Building Products

• Revenue: ₹459.96 crore
• Segment result: Profit of ₹23.49 crore

Cost Optimization Measures

As part of its restructuring efforts, Hindware Home Innovation has also optimized its operational costs:

1. The company has downscaled its warehouse capacity.
2. A large warehouse lease has been terminated, resulting in other income of ₹6.00 crore recognized as per Ind AS 116.

Management Commentary

Sandip Somany, Chairman and Non-Executive Director, stated, "By focusing on the kitchen appliance business, we aim to speed up the turnaround of our consumer appliances segment. This strategic shift will allow us to concentrate our resources on our core strengths and improve overall profitability."

Corporate Developments

1. The company has appointed Mr. Nitesh Raj as Business Head-Commercial Business, designated as Senior Management Personnel.

2. The 8th Annual General Meeting has been rescheduled from September 4, 2025, to September 24, 2025.

3. A Composite Scheme of Arrangement for the demerger of the Consumer Products Business and amalgamation with Hindware Limited is awaiting necessary approvals.

Outlook

While the restructuring has resulted in short-term financial impacts, Hindware Home Innovation Limited is positioning itself for improved performance in the kitchen appliances segment. The company's focus on its core competencies is expected to drive growth and profitability in the coming quarters.

Investors and stakeholders will be closely watching how these strategic changes translate into financial performance in the subsequent quarters of FY2026.