Hindware Home Innovation Q1 FY27: Bathware resilience, pipes pressure

Consolidated revenue was 625 crore and EBITDA was 54 crore in Q1 FY27, as per the presentation.

In FY26, mix was Bathware 60 percent, Pipes 27 percent and Consumer Products 13 percent. In Q1 FY27, mix was Bathware 62 percent, Pipes 24 percent and Consumer Products 14 percent.

Bathware revenue was 387 crore, EBITDA was 46 crore and PBT was 21 crore in Q1 FY27.

The company cites currency and PVC resin volatility, ramp up at the Roorkee plant, and aggressive competition and pricing pressure affecting Q1 FY27.

The presentation states an aim to cross about 500 crore revenue within 2 years and reach 700 to 750 crore by FY31.

It involves demerger of the Consumer Products business into HHIL Limited and amalgamation of the remaining company into Hindware Limited, with shareholders receiving one share each in HHIL Limited and Hindware Limited for every share held, subject to approvals including NCLT sanction.