New Delhi, May 3, 2019.
HSIL Limited, makers of iconic brand Hindware, reported revenue of Rs. 2726crorefor the FY 2018-19,as against Rs. 2249 crore for the corresponding yearFY 2017-18,registering a growth of 21.2% Y-o-Y on account of excellent sales and attractive growth opportunities harnessed across all the businesses. EBIDTA grew by 22.7%, to Rs. 346 crore in FY 2018-19 from Rs. 282 crore of the previous year.
Commenting on the year, Mr. Sandip Somany, Vice Chairman and Managing Director, HSIL Limited said, “Over the years, we have grown our brand Hindware to expand into other businesses and product categories. This has proven to be successful,with more than 60 million people connected to us today, making Hindware one of the most reliable and vibrant brands in the country. We credit this growth to our belief in innovation, re-invention and transformation, and this is a reflection of our world-class productsthat are designed to deliver only the best to our valued customers. This, backed by robust marketing capabilities, expanding distribution network and dynamically talented and motivated business teams have translated intostrong growth and returns forour stakeholders.”
“Our strategic investments in the Pipes business has emerged as a solid winner with a record sales of over Rs. 130 Crore in a short span of eight months since making its commercial launch. Additionally, our Consumer Business has achieved sizeable growthof 47.2% in revenuein this financial year. As we look ahead, HSIL is on its way towards achieving a greater degree of success by capacity streamlining, brand segmentation and product range expansion to enable us to cater to a wider cross-section of consumers,”Mr. Somany further added.
HSIL’s significant investment in distribution network, brand segmentation and product differentiation has started to yield encouraging outcomes. The brand Hindware is now present across multiple businesses and product categories, ranging from kitchen to bathroom to living rooms, and the company is relentlessly focusing on expanding the brand further.