Hindware Home Innovation Limited (Formerly known as Somany Home Innovation Limited) was incorporated as a wholly owned subsidiary of HSIL Limited in India on September 28, 2017, in Kolkata, West Bengal. The company name was then changed from Somany Home Innovation Limited to Hindware Home Innovation Limited with effect from May 23, 2022. The company was incorporated in 2017 as a part of the Hindware group. The demerger of AGI Greenpac Ltd led to the transfer of the marketing and distribution of consumer products and retail businesses to the company on April 01, 2018.
Hindware Home Innovation Ltd is a leading Indian sanitaryware and lifestyle solutions provider, incorporated in 1960. It operates in the sanitaryware and lifestyle solutions market, offering an extensive range of products that includes sanitaryware, faucets, wellness products, tiles, kitchen appliances, and CP fittings. The company also manufactures and distributes a variety of lifestyle products such as furniture, decor, modular kitchens, and home automation systems.
The Company operates through three segments: Building Products, Consumer Appliances, and Retail Business. Each segment caters to different market needs and consumer preferences, positioning the company as a comprehensive home solutions provider.
The Building Products portfolio consists of a versatile range of best-in-class sanitaryware, faucets, plastic pipes and fittings, premium and super-premium tiles, and wellness products, catering to a wide cross-section of customers. The Company has leading innovative brands in sanitary ware and faucets segments that capture the entire value spectrum, such as Queo and Amore (the luxury brand), Alchymi (the super-premium brand), Hindware Italian Collection and Hindware (premium brands) and H-Vitreous and Benelave (mass segment brands).
The company has significantly expanded its product offerings in recent years. The Company expanded product offering to include more than 45 new sanitary ware and over 120 new faucet SKUs, including innovative products such as tankless water closets and contactless sensor faucets amongst others. Additionally, it has widened the product portfolio by entering a niche segment of furniture and kitchen fittings under brand FGV Powered by Hindware™, comprising normal MS slide-on, integrated soft close, corner pie and wide angle hinges, comfy ball bearing and excel bottom mounted drawer channels and ten, uniplus and unilux drawer system and aerolift liftups, sourced through strategic tie up with Italian Company, Formenti & Giovenzana (FGV) to supply quality fittings for modular furniture and kitchen arrangements in India.
Hindware Home Innovation Limited (SHIL) houses the Consumer Appliance business and offers a range of innovative products across kitchen appliances, sinks, air coolers, water purifiers, and ceiling and pedestal fans categories. The Consumer Appliances are offered under the Brand name 'Hindware', 'Moonbow', and Furniture Retail Business under the Brand name 'Evok'.
The company has also ventured into wellness products, particularly relevant in the post-pandemic era. The range of newly launched products such as Activio Food Sanitizer and Hindware Purge Surface Disinfectant truly help consumers prioritize their well-being.
The retail segment operates under the EVOK brand, which has established itself as a prominent player in the furniture market. EVOK has developed itself as a favorite destination for solid and engineered wood furniture by focusing on the company’s core strengths in understanding varied consumer and trade behavior, retail distribution network, brand equity, global sourcing, and cost-effective supply chain management.
As of July 11, 2025, the market capitalization stands at ₹2,265 Crore (down -37.3% in 1 year), reflecting the challenges faced by the company in recent quarters. As of the last reported quarter for Hindware Home Innovation Ltd., Promoters held 52.7%, FIIs held 3.6%, DIIs held 7.1%, and the public held 36.5% of the total shares.
The company reported challenging financial performance for FY25. Hindware FY25 results show ₹2,523 Cr revenue, ₹184 Cr EBITDA; strategic focus on growth, premiumization, and debt reduction. However, the company faced significant losses, with a net loss reported to ₹68.29 crore in the year ended March 2025 as against a net profit of ₹25.77 crore during the previous year ended March 2024.
For Q4 FY25 specifically, Revenue was ₹699.02 Cr as on March 2025 (Q4 FY25), and Net Profit was ₹-25.37 Cr as on March 2025 (Q4 FY25). Sales declined 9.50% to ₹699.02 crore in the quarter ended March 2025 as against ₹772.43 crore during the previous quarter ended March 2024.
• Market Capitalization: ₹2,265 Crore (as of July 11, 2025)
• 52-Week High/Low: ₹455.08 and ₹177.42 respectively (as of July 11, 2025)
• Book Value: ₹92.9
• ROE: -10.04% for the last reported financial year on a consolidated account basis
• Promoter Holding: 52.7%
• Revenue FY25: ₹2,523 Cr
• EBITDA FY25: ₹184 Cr
• Net Loss FY25: ₹68.29 Cr
Despite recent challenges, the company remains optimistic about its growth prospects. Management remains optimistic about future growth, anticipating double-digit revenue increases in FY26 driven by strategic initiatives focused on premiumization and enhanced distribution in key markets.
The kitchen appliances segment is poised for significant growth, supported by targeted investments in branding and e-commerce. Additionally, a corporate restructuring aims to unlock value by separating consumer and building product businesses, while efforts to rationalize the product portfolio and improve operational efficiencies are expected to bolster profitability and market share recovery.
Hindware Home Innovation Ltd's popular brands include Hindware, Hindware Italian Collection, Hindware Snowcrest, and Hindware Atlantic. The company's top products include sanitaryware, faucets, wellness products, and tiles.
Over the last 5 years, revenue has grown at a yearly rate of 9.39%, versus the industry average of 8.43%. Over the last 5 years, market share increased from 30.18% to 31.56%, demonstrating the company's ability to outperform industry growth rates and gain market share despite recent challenges.
The company is listed on both NSE and BSE exchanges under the symbol HINDWAREAP, with a Listing date of December 26, 2019. The Chairperson's name is Sandip Somany. The stock has faced volatility, with the Hindware Home Innovation share price increasing by 5.71% over the past 6 months and decreasing by 30.46% in the last one year.
