Q3 2026 Hindware Home Innovation Ltd Earnings Call Transcript
Key Points
- Hindware Home Innovation Ltd (BOM:542905) reported a year-on-year revenue growth of 8% for Q3 FY '26, with consolidated revenue reaching INR640 crores.
- EBITDA for Q3 FY '26 increased by 38% year-on-year, with margins improving from 6% to 8%.
- The Bathware business saw a 14% year-on-year revenue growth for Q3 FY '26, with EBITDA margins improving to 10%.
- The company has implemented strategic initiatives such as premiumization in sanitaryware and faucets, leading to improved product mix and profitability.
- The Roorkee plant commenced commercial production, enhancing cost competitiveness and expected to generate incremental annual revenue of approximately INR200 crores.
- The company reported a negative PBT of INR5 crores for the pipes business in Q3 FY '26, impacted by volatility in resin prices.
- Despite strategic measures, the pipes business faced challenges with realizations and volumes due to prolonged resin price corrections.
- The company discontinued high loss-making product categories, which impacted the previous year's base by approximately INR8 crores to INR9 crores.
- The Consumer Appliances business reported a low EBITDA of INR0.58 crores for Q3 FY '26, indicating margin pressures.
- The Bathware business faced headwinds from global commodity inflation, necessitating price hikes to manage rising raw material costs.
Ladies and gentlemen, good day, and welcome to Q3 and nine months FY '26 earnings conference call of Hindware Home Innovation Limited hosted by Dolat Capital Private Limited. (Operator Instructions) Please note that this conference is being recorded.
I would now hand the conference over to Ms. Nikhat Koor, Dolat Capital Private Limited. Thank you, and over to you, ma'am.
Thank you. Good evening, and welcome, everyone. On behalf of Dolat Capital, we invite you to Hindware Home Innovation Limited Q3 and 9M FY '26 earnings conference call.
From the management side, we have Mr. Nirupam Sahay, CEO of Bath and Consumer Appliance Business; Mr. Rajesh Pajnoo, CEO of Pipe Business; and Mr. Sandeep Sikka, the Group CFO.
Kindly note that some of the remarks or observations made during today's call might be forward-looking such as financial projections or statements regarding the company's plans, objectives, expectations or intentions. The company does not have any obligation to revise these
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