Financial Highlights – Q2 FY27 (Standalone)

  • Revenue from Operations (Net of Taxes): ₹603 crore, up 27.4% from ₹473 crore in Q2 FY26
  • EBITDA (Excluding Other Income): ₹73 crore, up 9.1% from ₹67 crore in Q2 FY26
  • EBITDA Margin: 12.2% of revenue, down 200 basis points from 14.2% in Q2 FY26
  • PAT: ₹56 crore, down 0.9% from ₹57 crore in Q2 FY26
  • PAT Margin: 9.3% of revenue, down 270 basis points from 12.0% in Q2 FY26
  • EPS Diluted: ₹43.52, down 0.9% from ₹43.92 in Q2 FY26

Financial Highlights – H1 FY27 (Standalone)

  • Revenue from Operations (Net of Taxes): ₹1,089 crore, up 23.7% from ₹880 crore in H1 FY26
  • EBITDA (Excluding Other Income): ₹122 crore, up 1.9% from ₹120 crore in H1 FY26
  • EBITDA Margin: 11.3% of revenue, down 240 basis points from 13.7% in H1 FY26
  • PAT: ₹101 crore, down 1.7% from ₹103 crore in H1 FY26
  • PAT Margin: 9.3% of revenue, down 240 basis points from 11.7% in H1 FY26
  • EPS Diluted: ₹78.66, down 1.7% from ₹80.00 in H1 FY26

Management Commentary

Mr. Vikram Somany, Chairman & Managing Director, provided the following insights:

Business Performance:

  • Revenue growth of 27.4% year-on-year supported by broad-based volume-led growth across key business segments
  • Sanitaryware segment registered growth of 24%
  • Faucetware segment registered growth of 38%
  • Retail demand continued to recover, complemented by steady performance in projects business
  • Business momentum sustained throughout the quarter

Cost Environment & Mitigation:

  • Industry navigating challenging cost environment with elevated brass and gas prices
  • Undertaken calibrated price revisions, including faucetware price revision in September
  • Strengthened pricing discipline to protect profitability in projects business
  • Operating margins improved compared with preceding quarter
  • Established sourcing arrangements and strong in-house manufacturing capabilities provide relative advantage
  • Focus on cost optimization continues

Strategic Initiatives:

  • Distribution network strengthening over past two years yielding tangible results
  • Deeper presence in focus markets enhancing execution capabilities
  • Gaining incremental market share amidst challenging operating environment
  • Investments in manufacturing capabilities and selective in-house production of key products
  • Ensures consistent product availability and effective response to market demand

Outlook:

  • Confident of sustaining growth momentum supported by improving demand and deeper market penetration
  • Expect profitability to improve progressively during second half of FY27
  • Benefits from pricing actions and cost-efficiency initiatives to materialize cumulatively
  • Maintains full-year EBITDA margin outlook of 13%–14%
  • Confident of surpassing revenue growth target
  • Focus remains on strengthening market position and delivering sustainable profitable growth

Disclaimer

The communication contains forward-looking statements subject to risks and uncertainties including Government actions, local/political/economic developments, technological risks, and other factors that could cause actual results to differ materially. The company undertakes no obligation to publicly update these statements.