Intimation regarding appointment of Internal Auditor for FY 2026-2027.
HINDWAREAP · price
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Hindware Home Innovation reported FY2026 consolidated revenue of Rs 2,510.28 crore, marginally down from Rs 2,522.99 crore in FY2025. The company reduced its consolidated net loss significantly to Rs 39.31 crore from Rs 68.77 crore in the prior year. EBITDA improved substantially to Rs 232.52 crore versus Rs 183.55 crore, indicating better operational performance. Key exceptional items include Rs 39.20 crore impairment loss on HPL joint venture investment and Rs 44.28 crore net charge from discontinuing several loss-making product categories. The Board appointed Protiviti India as internal auditor for FY2026-27, approved appointment of Mr. Shashvat Somany as Non-Executive Non-Independent Director from July 2026, and scheduled the 9th AGM for August 18, 2026. No dividend was recommended for FY2026. Statutory auditors Lodha & Co LLP issued an unmodified opinion.
The company showed operational improvement with EBITDA growth despite marginal revenue decline and ongoing losses. Shareholders face continued absence of dividends. The significant exceptional charges from asset impairments and business restructuring may weigh on sentiment, though the operational turnaround in EBITDA is a positive signal.