Hindware Home Innovation Limited · NSE:HINDWAREAP
Hindware Home Innovation — Q3 FY25 Earnings Presentation
27 slides from Hindware Home Innovation's earnings presentation, Feb 14, 2025
Slide 1: Q3 FY25 Financial Result Presentation
Q3 FY25 Financial Result Presentation “Focused on Excellence” “Committed to Customers” February 14, 2025
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Hindware Home Innovation Limited (formerly Somany Home Innovation Limited) (the “Company”) solely for your information and may not be distributed, reproduced, or redistributed or passed on directly or indirectly to any other person, whether within or
Slide 3: Business Overview
Business Overview Premium Consumer Appliances and Building Products Company Leader in Sanitaryware and Industry leading Owner of Brand Building Products second largest in the growth in Plastic Hindware Segment faucets segment Pipes & Fittings segment Consumer 33+ patents filed Judicial mix of owned
Slide 4: About Us
About Us ▪ Hindware Home Innovation is a Building Products and Consumer Hindware Home Appliances Company Innovation Limited ▪ Owner of Hindware, a reliable and trusted brand across India ▪ Leveraging innovation and expansive distribution infrastructure Consumer Retail* across businesses Appliances o
Slide 5: Our Approach
Our Approach ▪ Harnessing distinct distribution ▪ Several successful launches at networks to market newer regular intervals to cater to the products and cross-selling burgeoning needs of the Introduce ▪ Expansive distribution reach customers across all segments, enabling us ▪ Strong R&D capabilities
Slide 6: Proficient and Committed Leadership
Proficient and Committed Leadership Mr. Sandip Somany Mr. Sandeep Sikka Mr. Naveen Malik Mr. Nirupam Sahay Mr. Rajesh Pajnoo Chairman and Group Chief CEO & CFO, Hindware Chief Executive Officer, Chief Executive Officer, Non-Executive Director Financial Officer Home Innovation Limited Bathware Busine
Slide 7: Our Environmental, Social and Governance Commitments
Our Environmental, Social and Governance Commitments Environment: Hindware Home Innovation Limited is dedicated to reducing its carbon footprint, adopting energy-efficient technologies, and promoting the use of recycled materials to minimize its environmental impact, in aligning with global sustaina
Slide 8: Fulfilling Our Sustainability Initiatives
Fulfilling Our Sustainability Initiatives Waste management Greenhouse gas Energy efficiency is practices involve process Water efficiency includes Rooftop solar energy emissions are reduced achieved through daylight mapping, source 'Zero' discharge, rainwater across our plants helps in through on-si
Slide 9: Financial Performance
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Slide 10: Consolidated Financial Performance
Consolidated Financial Performance (₹ in crore) Revenue EBITDA Margin (%) PAT 14% YoY 40% YoY Q3 FY 25 687.7 629.8 62.9 8.3 594.2 39.5 37.5 9.1% 6.3% 6.3% -11.0 -11.9 Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 Revenue EBITDA Margin (%) PAT 2,003.9 216.3 37.6 9% YoY 1,824.0
Slide 11: Building Products Segment
Building Products Segment 11
Slide 12: Building Products Business Update
Building Products Business Update Bathware Business Building Products Business (₹ in crore) • Demand landscape has been subdued, resulting in muted revenue • New product introductions have been met with a positive Revenue 8% YoY customer reception • Continues expansion in Tier 3 and 4 markets, enh
Slide 13: Bathware Business Update – Q3 FY25
Bathware Business Update – Q3 FY25 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 15.9% YoY 401.6 54.5 360.2 337.7 34.1 34.5 35.9 13.6% 15.8 16.5 9.5% 10.2% 8.9% 4.4% 4.9% Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 PBT Margin (%) Net Working Capital (Days) Net Bank Debt
Slide 14: Bathware Business Update – 9M FY25
Bathware Business Update – 9M FY25 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 11.7% YoY 125.2 179.0 1,159.7 110.3 1,024.1 55.4 15.4% 10.8% 10.8% 5.4% 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 PBT Margin (%) Net Working Capital (Days) Net Bank Debt* 491 91.3 117 323 98 17.7 7.9% 1.7% 9M
Slide 15: Building Products Business - Bathware
Building Products Business - Bathware • Leading player in sanitaryware & faucets segments o Brands available across price points • Control over the entire value chain & a strong network of distribution & service: o 600+ Brand Stores for an immersive customer experience o 500+ distributors, dealers a
Slide 16: Industry- First Innovative-Design Led Products
Industry- First Innovative-Design Led Products 16
Slide 17: Marketing Initiatives
MARKETING INTITATIVES IPL TV CAMPAIGN | SURROUND ACTIVITIES VANITHA FILM AWARDS 2024 - HIC POWERED BY PARTNER 5 - STAR BATHROOM AQUA PRO 98 - ULTRA EDGE 17
Slide 18: Marquee Clients
Marquee Clients = BRIGADE if SEW, country (@- fi) GAR Pry rome PROVIDENT PURAVANKARA Google | sosarijonsor Infosys w/ Sahit? | caROVAR ill | osai | IndianOil Fn iene OFS 8 ESOT SATTVA i @ & | taj | i > \ 2 7 2, — R sa LARSEN & TOUBRO 4 MERIDIEN Sunteck) supertech a AJ Ml. Vaishnavi ge fre seer meee
Slide 19: Plastic Pipes & Fittings Business Update
Plastic Pipes & Fittings Business Update • TRUFLO by Hindware is the fastest-growing plastic pipes and fittings brand in India • Offering more than 2000 SKUs for plumbing solutions, underground drainage and waste water solutions, agriculture & borewell applications and water storage solutions • TRUF
Slide 20: Plastic Pipes & Fittings Business Update – Q3 FY25
Plastic Pipes & Fittings Business Update – Q3 FY25 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 9% YoY 13.4 12.7 13.1 174.0 187.1 189.2 6.2 4.7 5.0 7.7% 6.8% 6.9% 3.6% 2.5% 2.6% Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 PBT Margin (%) Net Working Capital (Days) Net B
Slide 21: Plastic Pipes & Fittings Business Update – 9MFY25
Plastic Pipes & Fittings Business Update – 9MFY25 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 2% YoY 45.4 36.7 24.5 531.1 539.5 13.0 8.5% 6.8% 4.6% 2.4% 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 PBT Margin (%) Net Working Capital (Days) Net Bank Debt* 77 80 1.2 342 307 -10.2 0.2% -1.9%
Slide 22: Product Range, Plant & Showroom and Marketing Initiatives
Product Range, Plant & Showroom and Marketing Initiatives Offering world-class pipes and fitting solutions inspired by the quality commitment of its flagship brand Hindware over decades. All TRUFLO manufactured products are lead-free. certified certified IS: 15778 CM/L 6300045697 Assurance to · Last
Slide 23: Consumer Appliances Business
Consumer Appliances Business 23
Slide 24: Consumer Appliances Business Update – Q3 FY25
Consumer Appliances Business Update – Q3 FY25 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 40% YoY 112.2 -4.6 82.5 -7.2 -9.1 67.4 -9.7 -2.6 -11.7 -8.8% -4.1% -14.4% -13.9 -8.1% -14.1% -20.6% Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 PBT Margin (%) Net Working Capital
Slide 25: Consumer Appliances Business Update – 9M FY25
Consumer Appliances Business Update – 9M FY25 (₹ in crore) Revenue EBITDA Margin (%) EBIT Margin (%) 17% YoY 313.5 260.4 -18.8 -27.1 -5.9 -13.9 -10.4% -1.9% -5.3% -6.0% 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 PBT Margin (%) Net Working Capital (Days) Net Bank Debt* 136 140 -32.1 123 -40.6 -15.6%
Slide 26: Consumer Appliances Business Update
Consumer Appliances Business Update • Kitchen appliance portfolio has been strengthened with the introduction of the new range of chimneys and hobs • Continued its leadership position in the kitchen appliances segment, reflecting the strength and resilience of its brand, despite challenges • Maintai
Slide 27: Thank You
Naveen Malik Hindware Home Innovation Ltd +91 124 477 9200 investors@hindwarehomes.com Gavin Desa / Jenny Rose Thank You Kunnappally CDR India +91 9820637649 +91 8689972124 gavin@cdr-india.com jenny@cdr-india.com
Hindware Home Innovation — Q3 FY25 Earnings Presentation on 6ix