Hindware Home Innovation Ltd (HINDWAREAP) Q4FY26 Management Mirror - Mar-2026 Qtr
Bathware Segment
Management upgraded its revenue growth outlook, projecting 15% to 20% growth for FY27 in the Mar'26 Qtr, accelerating from the mid-teens target stated in the Dec'25 Qtr and early-to-mid-teens guidance in the Sep'25 Qtr. Sanitaryware is expected to grow in the early teens, with faucets growing 3% to 4% higher due to premiumization. Margin expansion plans remained steady across periods, targeting a 1% to 2% EBITDA margin improvement in FY27 and another 1% to 2% in FY28, aligning with the Dec'25 Qtr objective of a 3% to 4% improvement over 18 to 24 months. Tile supply constraints are expected to normalize by Jun'26. [Status: Upgraded]
3 more themes on the ELITE plan.