Hardwyn India Share Price Rises 4% After FY26 Net Profit Jumps Nearly 18%; Targets ₹1,000 Crore Revenue by FY32

Hardwyn India share prices rose by 4.15% till 11:33 AM on June 2, 2026. This was attributed to the announcement made by the company regarding the results posted for the quarter and the entire year ended on March 31, 2026, along with their medium term growth strategy.

Q4FY26: Quarterly Performance of Hardwyn India

For the quarter ended March 31, 2026, Hardwyn India reported revenue of ₹57.47 crore and a net profit of ₹3.43 crore. Management pointed to the Q4 numbers as a sign that the business carried good momentum into FY27.

Full Year FY26 Performance of Hardwyn India

For the full year ended March 31, 2026, total income came in at ₹200.41 crore, up from ₹185.37 crore in FY25, a growth of approximately 8.1% on annual basis. Net profit for the year rose to ₹13.21 crore from ₹11.23 crore in FY25, a gain of 17.58% annually. Growth in profits was faster than growth in sales revenues, indicating some improvements in efficiency of operations throughout the year.

Basic EPS for FY26 stood at ₹0.27, against ₹0.23 in FY25. The board has also considered a bonus share issuance, with formal details to follow.

Operational Highlights of Hardwyn India

During FY26, the company launched five new products in the mortise handle segment and reported strong growth in sales of its Kitchen Basket Wire Series, a product targeting modular kitchen setups. The growth here was driven by cross-selling and deeper dealer reach.

As for the distribution front, Hardwyn organized a Dealers' Meet in Kerala where over 500 dealers participated. In addition, Hardwyn had introduced a new hardware range, which has received orders from institutional purchasers and government infrastructure projects throughout India.

Strategic Roadmap: ₹1,000 Crore Revenue Target by FY32

The company also provided information regarding their strategy of growth which consists of seven points, wherein revenues worth ₹1,000 crore and above by FY32 are anticipated to generate CAGR of 30%-35%. This consists of market infrastructure, products, operations, customers, sustainability, margins, and digital sectors.

Regarding geography, opportunities in Tier II and Tier III towns and export markets such as South Asia, Middle East, and Africa are being considered. Regarding the product line, the move is towards premium and bundled products in the areas of doors, kitchens, wardrobes, and access control systems. In the case of institutional business, associations with property developers and government purchasing agencies are being sought. Digitally, efforts include D2C platforms, e-commerce partnerships, and the implementation of ERP solutions.

Management Commentary of Hardwyn India

Mr. Rubaljeet Singh Sayal, Managing Director, said: "FY26 has been a year of purposeful execution. Our revenue and profit growth reflects the strength of our distribution network and our ability to address a diverse customer base, from retail to institutional. We are particularly pleased with our Q4 performance, which reinforces that our fundamentals remain robust."

He added: "Looking ahead, we have set an ambitious yet achievable target of reaching ₹1,000 crore or more in revenue by FY32, implying a 30% to 35% CAGR. This is backed by a structured, seven-pillar strategy that addresses every dimension of our business."

About Hardwyn India Limited

Incorporated in 2017, Hardwyn India Ltd is in the business of wholesale and retail trade of architectural hardware and glass fittings, kitchen hardware, accessories, and appliances.