Investor Presentation

Hardwyn India delivered strong performance in FY24, with revenue climbing to ₹194.46 Cr (up from ₹172.90 Cr) and PAT reaching ₹21.90 Cr (vs ₹16.74 Cr), resulting in an improved PAT margin of 11.26%. Q4 also saw robust growth in both revenue and profit.

This growth reflects a strong distribution network and successful cross-selling, notably with increased sales of its Kitchen Basket Wire Series.

The company is targeting ₹1000 Cr in revenue by FY28, implying a 25% CAGR.

Key strategies include diversifying its product portfolio into premium, smart, and bundled hardware solutions for doors, kitchens, and wardrobes.

Hardwyn also plans deeper market penetration in Tier 2/3 cities and expanding exports to South Asia, the Middle East, and Africa.

Recent developments include launching five new mortise handle products and securing multiple orders from prominent institutional and government-backed infrastructure projects.

A large dealer meet in Kerala, engaging over 2000 dealers, helped strengthen its distribution network.

Management highlighted FY24 as a year of purposeful execution, driven by robust fundamentals.

They aim to build preferred supplier relationships with large developers and government bodies for consistent revenue visibility, alongside a digital transformation strategy to expand reach and enhance customer experience through D2C channels and e-commerce partnerships.