Q1 2025 Hindware Home Innovation Ltd Earnings Call Transcript
Key Points
- Hindware Home Innovation Ltd (BOM:542905) reported consolidated revenue of INR600 crore for Q1 FY25.
- The company achieved an EBITDA of INR55 crore with a margin of 9.2%.
- The Bathware division generated revenue of INR326 crore with an EBITDA of INR42 crore.
- The Consumer Appliances business delivered INR111 crore in revenue with an EBITDA of INR3 crore.
- The Plastic Pipes & Fittings segment reported a 5% year-on-year increase in sales, reaching INR163 crore.
- The company experienced a softer start to the fiscal year due to evolving macroeconomic conditions.
- There was a noticeable reduction in margins due to lower top-line revenue.
- The Consumer Appliances business had a low EBITDA margin of 2.7%, reflecting ongoing challenges.
- The Bathware business faced a decline in market sentiment and restructuring impacts, affecting growth.
- The company reported an increase in net debt by INR100 crore on a sequential basis, despite a decline in revenue.
Ladies and gentlemen, good day and welcome to the Q1 FY25 earnings conference call of Hindware Home Innovation Ltd hosted by Nuvama Wealth Management. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
Please note that this conference is being recorded. I now hand the conference over to Mr. Nikhil Shetty from Nuvama Wealth Management, Thank you and over to you Mr, Shetty.
Thank you, Mithel. Good afternoon, and welcome everyone. On behalf of Nuvama Wealth Management, we invite you to Hindware Home Innovation Limited Q1 FY25 earning conference call. From the management side, we have Mr. Sudhanshu Pokhriyal, CEO of Bath Business; Mr. Rajesh Pajnoo, CEO of Pipe Business; and Mr. Sandeep Sikka, the Group CFO, and Mr. Naveen Malik, CEO and CFO of Hindware Home Innovation Ltd.
Kindly note that some of the remarks or observations made during today's call might be forward-looking, such as
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