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Hindware Home Innovation Ltd

Q2 FY26Consumer Durables

Hindware Home Innovation Q2 FY26 earnings call: Revenue & Capex

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹242
Market cap₹1.8K Cr
P/E94.3
Updated15 Jul 2026
Read2 min read

The short version

- Bathware segment growth expected at early to mid-teen sales growth in H2 FY26; mid-single digit market growth expected to improve gradually to high-single digits next year but unlikely to reach double digits.

From Hindware Home Innovation Ltd's Q2 FY26 earnings-call transcript · updated 15 Jul 2026.

Revenue & Sales Performance

  • Bathware segment growth expected at early to mid-teen sales growth in H2 FY26; mid-single digit market growth expected to improve gradually to high-single digits next year but unlikely to reach double digits.
  • Consumer segment run rate targeted at INR 100 crore by Q4 FY26, with further acceleration anticipated next year.
  • Institutional sales projected to grow 15%-20% annually over the next few years supported by a healthy order book.
  • Pipes segment aiming 15% volume growth in H2 FY26 with commercial operations ramp-up at Roorkee plant by end of FY26, targeting peak sales by FY27.
  • Premiumization strategy to drive value and volume growth, with 50% of Bathware sales currently from mid-premium and premium categories expected to rise.

2 more points from Hindware Home Innovation Ltd's call on revenue

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Profitability & Margins

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Capital Expenditure Plans

  • The new Roorkee plant for pipes is under trial production, with commercial operations expected to begin by end of December 2025 (H2 FY26).
  • The Roorkee facility will enhance capacity and enable better market reach in Northern India.
  • Expansion in product portfolio includes foam core pipes, double-wall corrugated (DWC) pipes launching soon, and fire sprinkler systems expected by March 2026.
  • These value-added products have higher gross margins (~30-32%) compared to traditional CPVC pipes.
  • No new greenfield investments beyond Roorkee plant are planned; focus is on ramping up existing capacities.
  • Capex is seen holistically for PVC pipes and fittings category, with ROI expected after full ramp-up of combined facilities.

2 more points from Hindware Home Innovation Ltd's call on capex

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Top-ranked in Consumer Durables

Ranked on what management guided this quarter

Guidance-ranked
1Nanta Tech
Rev 1Mar 1
2Visdem Technosys
Rev 1Mar 1
3
Rev 1Mar 2
4
Rev 1Mar 2
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

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Hindware Home Innovation Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹663 Cr, net loss ₹19 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Hindware Home In's management said in earlier quarters

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Frequently Asked Questions

What were Hindware Home Innovation Ltd Q3 FY26 results?

- Bathware segment growth expected at early to mid-teen sales growth in H2 FY26; mid-single digit market growth expected to improve gradually to high-single digits next year but unlikely to reach double digits.

What is Hindware Home Innovation Ltd share price analysis?

Hindware Home Innovation Ltd currently shows a neutral. The stock trades at a P/E of 94.3 with a market cap of ₹1,825. Investors should review the full earnings analysis for detailed insights.

Is Hindware Home Innovation Ltd planning capital expenditure?

- The new Roorkee plant for pipes is under trial production, with commercial operations expected to begin by end of December 2025 (H2 FY26).

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.