Hindware Home Innovation Q2 FY27 Business Update
Hindware Home Innovation Ltd has released a business-wise update for Q2 FY2026-27. The company projects mid-teen bathware revenue growth for FY27, driven by faucets and sanitaryware, with a focus on premiumization and expanding distribution in Tier 2/3 cities. The company aims to increase its premium product mix to approximately 40% and targets ₹180-200 crore for its super-premium brand 'Queo' in 5 years. EBITDA is projected at ~11% for Q2 FY27, with a target range of +2-4% over 18-24 months, supported by operating leverage and cost efficiencies. Initiatives include insourcing of faucet and sanitaryware production. The company has also improved working capital days from 100 in H1 FY26 to 83 in H1 FY27 and reduced net bank debt to ₹192 crore from ₹277 crore.
Key Highlights
- Projected mid-teen bathware revenue growth for FY27.
- Premium product mix to reach ~40% in 18-24 months.
- Q2 FY27 EBITDA expected around 11%, targeting +2-4% increase.
- Working capital days reduced to 83 in H1 FY27.
- Net bank debt decreased to ₹192 crore in H1 FY27.
Price Impact
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