Q4 2026 Hindware Home Innovation Ltd Earnings Call Transcript
Key Points
- Hindware Home Innovation Ltd (BOM:542905) reported a 27% year-over-year growth in EBITDA for FY26, with margins improving from 7% to 9%.
- The Bathware business saw a 10% revenue growth in FY26, with EBITDA margins increasing by 160 basis points to 10.3%.
- The company has successfully reduced its net bank debt from INR308 crores to INR234 crores, reflecting stronger cash flows and financial discipline.
- Strategic focus on premiumization and new product introductions has improved the product mix and profitability metrics.
- The company is targeting a 15% to 20% growth in FY27 across key categories, with an expected improvement in margins.
- Consolidated revenue for FY26 slightly decreased to INR2,510 crores from INR2,520 crores in FY25.
- The Tiles business faced temporary supply disruptions due to fuel shortages, impacting sales during Q4 FY26.
- The Pipe business reported a PBT loss of INR29 crores for FY26, affected by raw material volatility and supply constraints.
- The company faced operational challenges due to input cost volatility and intermittent availability of key raw materials.
- Exceptional items, including impairment in a joint venture, impacted the financial results, with a significant loss recorded.
Ladies and gentlemen, good day, and welcome to the Hindware Home Innovation Limited Q4 FY26 Earnings Conference Call hosted by Arihant Capital. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Ronak Osthwal from Arihant Capital. Thank you, and over to you, sir.
Thank you. Good evening, and welcome, everyone. On behalf of Arihant Capital, we invite you to Hindware Home Innovation Limited Quarter Four and FY26 Earnings Conference Call. From the management side, we have Mr. Nirupam Sahay, CEO of Bus and Consumer Appliance business; Mr. Rajesh Pajnoo, CEO of Pipe Business; Mr. Sandeep Sikka, the Group CFO; and Mr. Naveen Malik, CEO and CFO of Hindware Home Innovation Limited.
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 company's plans, objectives, expectations or intentions. The company does not have any obligation to revise its
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