Financial Performance Highlights

  • Total Revenue: ₹2,773 Crores, representing 9.6% growth over previous year
  • Domestic Sales: ₹2,704 Crores, up 9.8% year-on-year
  • Export Sales: ₹68.2 Crores, showing modest growth of 2.6%
  • Standalone Operating EBITDA Margin (before strategic investments and exceptional items): 13.9% (Previous Year: 11.9%)
  • Profit Before Tax (before strategic investments and exceptional items): ₹360 Crores (Previous Year: ₹294 Crores)
  • Strategic Operational Expenses: ₹82.6 Crores (Previous Year: ₹29.8 Crores) as part of three-year strategic investment program
  • Exceptional Expenses: ₹26.9 Crores, mainly for Voluntary Retirement Scheme at Hosur factory and higher employee benefit provisions from regulatory changes
  • Previous Year Exceptional Expenses: ₹32.3 Crores for impairment of investment in Horwood Homewares Limited, UK

Brand Performance

  • Prestige brand: Continued to strengthen market leadership position
  • Judge brand: Delivered 59% year-on-year growth, significantly expanding market presence and consumer reach

Innovation and Product Development

  • Introduced 162 new SKUs across categories during FY 2025-26
  • Established dedicated Innovation Lab and strengthened innovation teams

Subsidiary Performance

Horwood Homewares Limited (UK)

  • Sales: £14.0 million, broadly in line with previous year
  • Performance impacted by challenging economic environment across UK, Europe, and USA, plus geopolitical uncertainties
  • Profitability affected by lower volumes and higher operating costs

Ultrafresh Modular Solutions Limited

  • Revenue: ₹36.3 Crores, growth of 11.8% over previous year
  • Continued investments in team and business capabilities impacted short-term profitability
  • Focused on improving operational efficiency for better financial performance

Financial Position

  • Maintained debt-free status on standalone basis
  • Cash and liquid investments: Over ₹877 Crores as of March 31, 2026
  • Strong cash flows utilized for capital expenditure, strategic investments, and dividend payments

Dividend Declaration

  • Recommended dividend: ₹7.50 per share (Previous Year: ₹6.00 per share)
  • Pay-out ratio: 56% (Previous Year: 51%)

Operational Achievements

  • All manufacturing facilities at Coimbatore, Khardi, and Roorkee achieved GreenCo certification by CII-Sohrabji Godrej Green Business Centre
  • Company's entire manufacturing operations now GreenCo-certified

Challenges and Headwinds

  • Export performance affected by West Asia crisis causing shipping route disruptions and unfulfilled orders
  • Global uncertainties and evolving trade dynamics created challenges
  • Competitive intensity, input cost fluctuations, and higher freight costs impacted industry

Strategic Focus Areas

  • Innovation and product development
  • Manufacturing excellence and sourcing efficiencies
  • Digitization and cost optimization
  • Enhanced customer engagement
  • Strengthening brands and consumer engagement through impactful campaigns

Industry Context

Kitchenware and Kitchen Appliances industry witnessed steady growth during FY 2025-26 driven by:

  • Resilient domestic demand and increasing urbanization
  • Evolving consumer preferences toward branded, innovative, energy-efficient products
  • Growing adoption of modern kitchens and replacement purchases
  • Expanding retail penetration and rising disposable incomes
  • Fuel crisis from West Asian conflict boosting demand for energy-efficient options

Outlook

  • Positive outlook for Indian economy and consumer durables industry
  • India expected to remain one of world's fastest-growing major economies
  • Growth supported by strong domestic consumption, infrastructure development, and digital transformation
  • Rising disposable incomes, premiumization, and technology adoption expected to support demand
  • Company well positioned with strong brands, extensive distribution network, and robust manufacturing capabilities