Hindware Home Innovation Revenue Rises 14% to ₹770.82 Crore as Board Appoints Nitesh Raj CEO

Hindware Home Innovation Limited reported consolidated revenue from operations of ₹770.82 crore for the second quarter of fiscal year 2027, up 14% from ₹676.31 crore a year earlier, while EBITDA from continuing operations fell 7% to ₹56.02 crore. ScanX reported the results and the board's appointment of Nitesh Raj as Chief Executive Officer, Amit Bali as Chief Financial Officer and Kushal Jain as Company Secretary, all effective November 13, 2026.

Hindware Home Innovation's Q2FY27 Results and Margin Pressure

Hindware Home Innovation is a publicly listed Indian manufacturer of building products such as sanitaryware, faucets, tiles and pipes, and of consumer appliances including kitchen appliances, water heaters and fans, according to akta.pro company records.

The company's total income rose 13.5% to ₹771.86 crore from ₹680.14 crore. EBITDA declined to ₹56.02 crore from ₹60.24 crore, which the report attributed to higher input costs. Profit before tax fell 40.1% to ₹8.81 crore from ₹14.71 crore, a comparison the report said was affected by an exceptional item gain of ₹0.61 crore in the prior-year quarter and none in Q2FY27. Net profit from continuing operations rose 29% to ₹6.54 crore from ₹5.07 crore.

Employee benefits expense increased to ₹115.00 crore from ₹105.32 crore, and power and fuel costs rose to ₹33.35 crore from ₹23.80 crore. The Building Products segment generated ₹667.09 crore of revenue against ₹592.20 crore, with a segment result of ₹28.25 crore versus ₹28.70 crore. Consumer Appliances revenue grew to ₹103.92 crore from ₹84.40 crore, but the segment result swung to a loss of ₹1.72 crore from a profit of ₹2.77 crore.

Nitesh Raj, Amit Bali and Kushal Jain Take New Roles

The board acted on recommendations from the Nomination and Remuneration Committee to elevate three senior management personnel. Nitesh Raj previously served as Business Head – Consumer Business, and Amit Bali previously served as Finance Controller. Kushal Jain has over 12 years of experience with the Somany Impresa Group. All three appointees continue to form part of the company's Senior Management Personnel.

Hindware Home Innovation's Demerger and Earlier Moves

On November 6, 2026, Hindware Home Innovation received an NCLT order sanctioning a composite scheme that demerges its consumer business into HHIL Limited and amalgamates remaining assets into Hindware Limited, ScanX reported. NCLT Kolkata had sanctioned the same scheme on October 14, 2026, according to ScanX. On October 5, 2026, ScanX reported that subsidiary Hindware Limited received a ₹1.26 crore VAT demand from Kerala's GST Department for FY13 due to non-submission of forms, and that the company is evaluating legal remedies with the financial impact unascertained.

Cash flow from operating activities improved to ₹134.31 crore in H1FY27 from ₹85.13 crore in H1FY26, which the report linked to better working capital management.