Hawkins Cookers reports 34% revenue growth in September quarter

Hawkins Cookers Limited reported revenue from operations of Rs 422.72 crore for the quarter ended September 30, 2026, up 34% from Rs 316.47 crore a year earlier, while net profit rose 30% to Rs 41.50 crore. The Board approved the unaudited quarterly and half-year results on November 12, 2026.

How did Hawkins Cookers perform in the September 2026 quarter?

Hawkins Cookers reported higher revenue, profit before tax and net profit than in both the September 2025 and June 2026 quarters. Revenue from operations rose by Rs 106.25 crore year on year to Rs 422.72 crore, while total income increased to Rs 425.21 crore from Rs 319.98 crore. Other income fell to Rs 2.48 crore from Rs 3.52 crore.

Profit before tax rose by Rs 11.26 crore to Rs 54.23 crore from Rs 42.97 crore in the September 2025 quarter, with no exceptional items in either period. Current tax increased to Rs 12.53 crore from Rs 10.62 crore, while deferred tax was Rs 21 lakh against Rs 39 lakh. Net profit consequently rose by Rs 9.55 crore from Rs 31.95 crore.

Hawkins Cookers’ September-quarter revenue was Rs 104.59 crore above the Rs 318.13 crore reported in the June 2026 quarter, while net profit was Rs 11.12 crore higher than Rs 30.38 crore. Basic and diluted earnings per share, not annualised for interim periods, rose to Rs 78.48 from Rs 57.45 in June 2026 and Rs 60.43 in September 2025.

What changed in Hawkins Cookers’ costs and profit during the quarter?

Hawkins Cookers’ total expenses increased to Rs 370.98 crore in the September 2026 quarter from Rs 277.02 crore a year earlier, compared with a Rs 105.23 crore increase in total income. Cost of materials consumed rose by Rs 73.71 crore to Rs 192.23 crore, and purchases of stock-in-trade increased to Rs 50.41 crore from Rs 35.43 crore.

The inventory-change line was negative Rs 16.82 crore, compared with a positive Rs 2.01 crore a year earlier. In the reported expense format, the negative inventory-change figure reduced total expenses. Employee benefits expense rose to Rs 38.83 crore from Rs 32.78 crore, while finance costs increased to Rs 1.71 crore from Rs 1.31 crore.

Other expenses were Rs 100.56 crore against Rs 83.72 crore in the September 2025 quarter, and depreciation and amortisation rose to Rs 4.06 crore from Rs 3.25 crore. Compared with June 2026, material cost increased from Rs 153.15 crore and other expenses from Rs 89.64 crore, while profit before tax rose from Rs 40.87 crore.

How did Hawkins Cookers perform in the first half of 2026-27?

Hawkins Cookers reported first-half revenue from operations of Rs 740.85 crore for the half year ended September 2026, compared with Rs 555.55 crore in the prior-year half. Profit before tax rose to Rs 95.11 crore from Rs 77.85 crore, and net profit increased to Rs 71.88 crore from Rs 57.89 crore. The company operates in one segment, manufacture, trading and sale of kitchenware.

First-half total expenses rose to Rs 651.08 crore from Rs 484.79 crore. Materials consumed increased to Rs 345.39 crore from Rs 225.90 crore, while other expenses rose to Rs 190.20 crore from Rs 143.60 crore. The inventory-change line was negative Rs 50.17 crore, compared with negative Rs 20.21 crore in the earlier half year.

Hawkins Cookers’ first-half other income declined to Rs 5.33 crore from Rs 7.09 crore, although total income rose to Rs 746.18 crore from Rs 562.64 crore. Total comprehensive income was Rs 71.55 crore after an actuarial loss on defined-benefit plans of Rs 44 lakh and a related tax effect of Rs 11 lakh, against Rs 57.69 crore a year earlier.

What do Hawkins Cookers’ balance sheet and cash flow show?

Hawkins Cookers’ total assets stood at Rs 731.55 crore on September 30, 2026, compared with Rs 688.22 crore on March 31, 2026. Current assets were Rs 570.94 crore, up from Rs 539.26 crore. Inventories increased to Rs 266.19 crore from Rs 192.97 crore, while trade receivables rose to Rs 63.68 crore from Rs 57.61 crore.

Bank balances other than cash equivalents were Rs 105.93 crore on September 30, 2026, compared with Rs 175.23 crore at March 31, 2026. Cash and cash equivalents declined to Rs 5.08 crore from Rs 15.69 crore, while other current assets increased to Rs 123.92 crore from Rs 93.22 crore.

The cash-flow statement reported net cash used in operating activities of Rs 29 lakh for the half year ended September 2026, compared with net cash from operating activities of Rs 52.44 crore in the corresponding prior-year half. Operating profit before working-capital changes was Rs 100.37 crore against Rs 79.00 crore, while the inventory working-capital adjustment was negative Rs 73.22 crore versus negative Rs 35.11 crore. Net cash from investing activities was Rs 50.39 crore, compared with net cash used of Rs 23.44 crore.

What governance changes did Hawkins Cookers disclose with the results?

Hawkins Cookers’ Board approved the September 2026 quarter and half-year results on November 12, 2026, following a limited review by statutory auditor Kalyaniwalla & Mistry LLP. The auditor stated that nothing had come to its attention to indicate a material misstatement or a failure to make required disclosures. A limited review provides moderate assurance and is not an audit opinion.

Hawkins Cookers appointed Neha Maheshwari as Company Secretary effective January 1, 2027. The company said Maheshwari joined in November 2014 and has 12 years of experience in its secretarial department. Brahmananda Pani will cease to be Company Secretary at the close of business on December 31, 2026, following a reorganisation of management responsibilities, and will continue as Compliance Officer.

Conclusion

Hawkins Cookers delivered higher revenue and profit in the September 2026 quarter and the first half, with September-quarter revenue reaching Rs 422.72 crore and net profit reaching Rs 41.50 crore. The reported growth came alongside higher material and other expenses, increased inventories and a shift to a modest operating cash outflow for the half year.

The next disclosed event is the Company Secretary transition on January 1, 2027, following Brahmananda Pani’s cessation from that role on December 31, 2026. Subsequent disclosures will show whether inventories of Rs 266.19 crore, bank balances of Rs 105.93 crore and operating cash flow change alongside revenue and profit.