Hindware Home Innovation Limited
162.00
INR
-6.20
(-3.69%)
Hindware Home Innovation Limited
BSE:HINDWAREAP
(Bombay Stock Exchange)
Recent
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162.00
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ROIC.AI
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- Business
- Hindware Home Innovation Limited is an Indian company engaged primarily in the building products and consumer appliances segments. It manufactures, markets, and distributes a broad range of building products including sanitaryware such as water closets, wash basins, squatting pans, and urinals; faucets including bathroom, kitchen, and sensor faucets, diverters, showers, and thermostats; premium and super-premium tiles; and plastic pipes and fittings. Its consumer appliances portfolio under the brand Hindware Smart Appliances includes kitchen appliances such as chimneys, cooktops, dishwashers, built-in ovens, microwave ovens, water purifiers, kitchen sinks, air coolers, ceiling and pedestal fans, kitchen and furniture fittings, and water and room heaters. The company aims to cater to diverse consumer segments across India through extensive retail and distribution networks. In recent years, the company has undergone significant strategic changes, including a name change from Somany Home Innovation Limited to Hindware Home Innovation Limited in May 2022 to leverage the strong Hindware brand presence. It has divested the retail furniture and furnishing business under the brand Evok and transferred its water heater segment to a 50% joint venture, Hintastica Private Limited, with Groupe Atlantic. The company is executing a strategic rationalization of its product portfolio, focusing on higher-margin and faster-growing segments such as kitchen appliances and plastic pipes while phasing out low-margin products like fans and coolers. It is also expanding capacity with a new plant in Roorkee and is increasing expansion in franchise-based retail presence and online channels across India, including Tier III and IV cities. Digital initiatives such as a 360° tile visualizer and hyper-local marketing campaigns are part of its drive to enhance customer engagement. Founded in 2017 and headquartered in Gurugram, India, Hindware Home Innovation Limited emerged from the demerger of AGI Greenpac Ltd. and was formerly part of the Hindware group. It operates pan-India with a vast network of over 9,650 retail and 750 distribution points. The company targets end-consumers with its branded products and services, maintains a dominant position in the sanitaryware and faucets market, and is among the leading players in the Indian consumer appliances space. It continues to innovate and diversify its offerings to meet evolving consumer needs while pursuing operational efficiencies and growth in both urban and emerging markets. The company is publicly listed on the NSE under the ticker HINDWAREAP.NS.