Hindware Home Innovation Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 12, 2024 at 06:12 am EST
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Hindware Home Innovation Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 6,929.3 million compared to INR 7,125.3 million a year ago. Revenue was INR 7,036 million compared to INR 7,232.3 million a year ago. Net income was INR 42.2 million compared to INR 77.8 million a year ago. Basic earnings per share from continuing operations was INR 0.63 compared to INR 1.08 a year ago. Diluted earnings per share from continuing operations was INR 0.63 compared to INR 1.08 a year ago.
For the nine months, sales was INR 20,271.9 million compared to INR 21,054.2 million a year ago. Revenue was INR 20,543.3 million compared to INR 21,329 million a year ago. Net income was INR 236.3 million compared to INR 348.1 million a year ago. Basic earnings per share from continuing operations was INR 3.44 compared to INR 4.82 a year ago. Diluted earnings per share from continuing operations was INR 3.44 compared to INR 4.82 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 
