HSIL
ECONOMY & POLICY

HSIL

¨Despite a tough environment, HSIL managed to keep its head above water.¨
- Sandip Somany, JMD, HSIL Ltd

The leading sanitaryware player in India and the second largest in ´container glass´ in the South, HSIL Ltd has a rich, 55-year legacy of serving the Indian consumer with innovation-driven products. From being the first to introduce vitreous China sanitaryware products in the country, the company´s honour roll gets longer by the year. -ôFY14-15 presented a tough economic and business environment, but HSIL as a company managed to keep its head above water,¨ says Sandip Somany, Joint Managing Director, HSIL Ltd. ¨Three steps undertaken by us were crucial to our growth.¨

The first step was the completion of the qualified institutional placement (QIP), raising Rs 250 crore, which reduced total debt by a quarter and strengthened the company to undertake the next phase of growth with a five-year horizon. The second was the establishment of Rs 120-crore Greenfield faucet plant with robotic technology in Kaharani, Rajasthan, with the capacity to manufacture 2.5 million pieces a year. And the third is celebrity endorsement to capture consumer attention - the company has signed on Bollywood A-listers for the first time, with Shah Rukh Khan endorsing premier brand hindware Italian Collection and Jacqueline Fernandez for luxury brand Queo. HSIL hopes to reap the benefits of these steps as it gears up for the future.

Particulars Net sales PBDIT Net profit
*FY15 (Rs.crore) 1,937.3 336.1 85.4
Growth % over FY14 6.2 30.7 151.4
*Consolidated fi gures

¨Despite a tough environment, HSIL managed to keep its head above water.¨ - Sandip Somany, JMD, HSIL Ltd The leading sanitaryware player in India and the second largest in ´container glass´ in the South, HSIL Ltd has a rich, 55-year legacy of serving the Indian consumer with innovation-driven products. From being the first to introduce vitreous China sanitaryware products in the country, the company´s honour roll gets longer by the year. -ôFY14-15 presented a tough economic and business environment, but HSIL as a company managed to keep its head above water,¨ says Sandip Somany, Joint Managing Director, HSIL Ltd. ¨Three steps undertaken by us were crucial to our growth.¨ The first step was the completion of the qualified institutional placement (QIP), raising Rs 250 crore, which reduced total debt by a quarter and strengthened the company to undertake the next phase of growth with a five-year horizon. The second was the establishment of Rs 120-crore Greenfield faucet plant with robotic technology in Kaharani, Rajasthan, with the capacity to manufacture 2.5 million pieces a year. And the third is celebrity endorsement to capture consumer attention - the company has signed on Bollywood A-listers for the first time, with Shah Rukh Khan endorsing premier brand hindware Italian Collection and Jacqueline Fernandez for luxury brand Queo. HSIL hopes to reap the benefits of these steps as it gears up for the future. Particulars Net sales PBDIT Net profit *FY15 (Rs.crore) 1,937.3 336.1 85.4 Growth % over FY14 6.2 30.7 151.4 *Consolidated fi gures

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement