Hindware Home Innovation Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 24, 2023 at 07:33 am EDT
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Hindware Home Innovation Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 7,678.5 million compared to INR 6,856.3 million a year ago. Revenue was INR 7,750 million compared to INR 6,911.9 million a year ago. Net income was INR 222.9 million compared to INR 373.1 million a year ago. Basic earnings per share from continuing operations was INR 3.15 compared to INR 5.16 a year ago. Diluted earnings per share from continuing operations was INR 3.15 compared to INR 5.16 a year ago.
For the full year, sales was INR 28,732.7 million compared to INR 22,936.3 million a year ago. Revenue was INR 279 million compared to INR 23,229.3 million a year ago. Net income was INR 571 million compared to INR 2,016.8 million a year ago.
Hindware Home Innovation Limited is an India-based company. The Company is engaged in trading and marketing of products. The Company operates through four segments: Consumer appliances business, Retail business, Building products, and others. Its Consumer appliances business includes kitchen appliances, sinks, water purifiers, water heaters, air coolers, fans, and kitchen and furniture fittings. Its Retail Business segment focuses on providing specialized home interior products under the brand name EVOK, which provides home interior and furniture products. Its Building Products Segment comprises sanitaryware, faucets, premium tiles, and plastic pipes and fittings businesses. The Company also sells its products on multi-branded furniture marketplaces such as Pepperfry, Urban Ladder, Flipkart, and Amazon. It sells through various channels such as franchise-based retail stores, large-format retail stores, and online e-commerce platforms.
HINDWARE HOME INNOVATION LIMITED 
