Hindware Home Innovation Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 08, 2023 at 05:21 am EST
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Hindware Home Innovation Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 7,003.5 million compared to INR 7,148 million a year ago. Revenue was INR 7,084.6 million compared to INR 7,234.2 million a year ago. Net income was INR 191.4 million compared to INR 162.5 million a year ago. Basic earnings per share from continuing operations was INR 2.72 compared to INR 2.25 a year ago. Diluted earnings per share from continuing operations was INR 2.72 compared to INR 2.25 a year ago.
For the six months, sales was INR 13,342.6 million compared to INR 13,928.9 million a year ago. Revenue was INR 13,507.3 million compared to INR 14,096.7 million a year ago. Net income was INR 194.1 million compared to INR 270.3 million a year ago. Basic earnings per share from continuing operations was INR 2.82 compared to INR 3.74 a year ago. Diluted earnings per share from continuing operations was INR 2.82 compared to INR 3.74 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 
