Hindware Home Innovation Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Hindware Home Innovation Limited reported FY2026 consolidated revenue of ₹2,510.28 crore, marginally lower than ₹2,522.99 crore in FY2025. The company reported a consolidated net loss of ₹39.68 crore (improved from ₹68.29 crore loss in FY2025), while standalone loss widened to ₹70.72 crore (vs ₹40.22 crore). EBITDA improved significantly to ₹232.52 crore from ₹183.55 crore, driven by building products segment (profit ₹117 crore). Exceptional items included ₹52.58 crore on consolidated basis (impairment of JV investment, discontinued product lines, labour code provisions). The auditors raised a going concern flag for subsidiary EVOK Homes (liabilities exceed assets by ₹5.55 crore, net worth negative). No dividend was declared. A composite scheme involving demerger of consumer products business and amalgamation is pending NCLT approval.
The company showed improved operational performance with EBITDA growth despite continued net losses and large exceptional charges. The auditor's going concern note on EVOK subsidiary and ongoing restructuring create near-term uncertainty, while improving EBITDA signals better underlying business health.