Hardwyn India Posts Highest Ever FY2026 Results

02 Jun 2026 CW Team

In FY2026 the company recorded total income of Rs 2,004.14 million and net profit of Rs 132.06 mn, up from Rs 112.31 mn in the prior year, representing a 17.58 per cent increase in profit after tax. For the fourth quarter the company reported revenue of Rs 574.74 mn and net profit of Rs 34.29 mn, indicating momentum into the new fiscal year. Basic earnings per share stood at Rs zero point two seven per share compared with Rs zero point two three in FY2025. The company has also considered issuance of bonus shares as part of its capital management initiatives.

Management attributed growth to product innovation and an expanded distribution network, noting the launch of five new mortise handle designs and a contemporary range that broadened the portfolio. Higher sales of the Kitchen Basket Wire Series were cited as a key contributor, supported by cross-selling strategies and improved dealer penetration. The company organised a large dealers meet in Kerala with participation by over 500 dealers to bolster relationships and market access.

The firm reported securing multiple orders from institutional and government-backed infrastructure projects across India, reinforcing its credentials with large buyers. Management indicated that Tier-II and Tier-III cities remain underpenetrated and that export expansion into South Asia, the Middle East and Africa is being pursued to capture additional demand. The digital transformation agenda covering direct-to-consumer channels, product configurators and e-commerce partnerships, together with lean manufacturing and enterprise resource planning deployment, is expected to support scalable and efficient growth.

Hardwyn India Limited reported its highest annual performance for the fiscal year ended March 31, 2026, with management outlining a long-term growth aim of reaching Rs 10 billion in revenue by fiscal 2031-32. The company set a target implying a 30–35 per cent compound annual growth rate and presented a seven-pillar strategic roadmap covering markets, products, operations, customers, sustainability, margins and digital infrastructure. Management characterised the results as evidence of strengthened fundamentals and distribution reach. In FY2026 the company recorded total income of Rs 2,004.14 million and net profit of Rs 132.06 mn, up from Rs 112.31 mn in the prior year, representing a 17.58 per cent increase in profit after tax. For the fourth quarter the company reported revenue of Rs 574.74 mn and net profit of Rs 34.29 mn, indicating momentum into the new fiscal year. Basic earnings per share stood at Rs zero point two seven per share compared with Rs zero point two three in FY2025. The company has also considered issuance of bonus shares as part of its capital management initiatives. Management attributed growth to product innovation and an expanded distribution network, noting the launch of five new mortise handle designs and a contemporary range that broadened the portfolio. Higher sales of the Kitchen Basket Wire Series were cited as a key contributor, supported by cross-selling strategies and improved dealer penetration. The company organised a large dealers meet in Kerala with participation by over 500 dealers to bolster relationships and market access. The firm reported securing multiple orders from institutional and government-backed infrastructure projects across India, reinforcing its credentials with large buyers. Management indicated that Tier-II and Tier-III cities remain underpenetrated and that export expansion into South Asia, the Middle East and Africa is being pursued to capture additional demand. The digital transformation agenda covering direct-to-consumer channels, product configurators and e-commerce partnerships, together with lean manufacturing and enterprise resource planning deployment, is expected to support scalable and efficient growth.

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