Hindware Home Innovation Ltd on to rapid growth post demerger?

Hindware- update

HINDWARE

A…Performace

• operating
  growth@19%cagr(2019-2023)

B…Less growth due to
=challenging macro environment whereas demand has been subdued coinciding with the period of interest rate hikes and high inflation leading to slow down in consumers discretionary spend

=Low pat due to high interest, high depreciation and very high tax(82%)

C…Future growth triggers

1…Capex

A-Pipes capex @ INR 180 crores

B-Sanitaryware and faucets debottlenecking INR 30~40 crores

C-Creating brand stores across the country INR 50 ~ 60 crores

=Establishing a new manufacturing facility in Roorkee, Uttarakhand, and construction of the facility
is underway

2…Acquired the Building Products Manufacturing Business of the erstwhile HSIL for 700 crores. Transaction is effective FY23 | Around 3% EBITDA margin should increase due to the acquisition.

3…Ipl branding
=360 degree campaign was launched on TV, OTT, Digital, Radio & BTL activations

4…Successful launch of the Hintastica Private Limited (JV) line of heating
appliances at its state-of-the-art manufacturing facility in Jadcherla, Telangana,

Disc…invested