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Hawkins Cookers Ltd (508486)

📊 BSE: 508486 🏢 Houseware 📢 Latest filing: 17 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Hawkins Cookers' revenue was ₹318 Cr (+33.1% year on year, -12.8% on the previous quarter), and net profit ₹30.4 Cr (+16.8% year on year); the operating margin was 13.4%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹318	+33.1%	-12.8%
Operating profit	₹42.7	+22.1%	-22.3%
Net profit	₹30.4	+16.8%	-24.1%
EPS (₹)	57.45	+17.1%	-23.6%
Operating margin	13.4%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Hawkins Cookers Appoints Bandyopadhyaya Bhaumik & Co as Cost Auditor for FY27

🟡 NEUTRAL ⭐ 2/10

MANAGEMENT 📅 17 Aug 2026, 05:10 PM

Hawkins Cookers Limited has approved the appointment of M/s. Bandyopadhyaya Bhaumik & Co. as the Cost Auditor of the company for the financial year 2026-27. The appointment was approved by the Board of Directors on August 17, 2026, based on the recommendation of the Audit Committee. Bandyopadhyaya Bhaumik & Co. brings over three decades of experience, operating with 12 partners and 15 branch offices across India. This is a regular statutory compliance update with no material operational or financial impact.

Appointment of M/s. Bandyopadhyaya Bhaumik & Co. as Cost Auditor for FY 2026-27.
Approved by the Board of Directors on August 17, 2026, upon Audit Committee recommendation.
The appointed cost audit firm possesses over 30 years of experience with 12 partners and 15 branch offices.

💡 No action required as this is a standard statutory audit appointment. Investors should continue tracking upcoming quarterly financial results and margin performance.

Hawkins Cookers Independent Director Mr. Ravi Kant Retires After 10-Year Tenure

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 03 Aug 2026, 07:44 PM

Mr. Ravi Kant has retired as an Independent Director of Hawkins Cookers Ltd effective August 3, 2026, following the completion of his second consecutive five-year term. This retirement is a routine regulatory requirement under SEBI (LODR) Regulations regarding the maximum tenure for independent directors. The company, which maintains a strong ROCE of 41.0% and a market cap of Rs 4,522 Cr, acknowledged his leadership contributions during his decade-long association. No immediate replacement was announced in this filing.

Mr. Ravi Kant completed his second consecutive term of 5 years on August 3, 2026.
The retirement is effective from the close of business hours on August 3, 2026.
Hawkins Cookers reported TTM revenue of Rs 1,252 Cr and TTM PAT of Rs 132 Cr.
The company maintains a low debt-to-equity ratio of 0.07 as of the latest financial context.

💡 Investors should monitor future filings for the appointment of a new Independent Director to ensure the board maintains its required composition and expertise.

Independent Director Ravi Kant Retires After Completing 10-Year Tenure

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 03 Aug 2026, 07:37 PM

Hawkins Cookers Ltd has announced the retirement of Mr. Ravi Kant as an Independent Director, effective August 3, 2026. This retirement follows the completion of his second consecutive five-year term, a standard regulatory limit for independent directors under SEBI norms. The company, which maintains a strong ROCE of 41.0% and TTM revenue of ₹1,252 crore, acknowledged his leadership contributions during his decade-long association. This is a routine governance event with no immediate impact on the company's financial operations.

Mr. Ravi Kant completed his second consecutive 5-year term on August 3, 2026.
The retirement is effective from the close of business hours on August 3, 2026.
The company reported a TTM PAT of ₹132 crore and EPS of ₹248.10 as of the latest filings.
Hawkins Cookers operates with a low Debt/Equity ratio of 0.07, indicating a stable financial position during this board transition.

💡 Investors should monitor the company's upcoming filings for the appointment of a new Independent Director to ensure the board maintains its required composition and governance standards.

Hawkins Cookers Appoints Former IAS Officer and Re-appoints Veteran Director for 5-Year Terms

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 01 Aug 2026, 11:43 AM

Hawkins Cookers has received shareholder approval at its 66th AGM for two key board appointments effective August 1, 2026. Mr. Murli Aildas Teckchandani, a 78-year-old veteran with 30 years of prior experience at Hawkins, has been re-appointed for a second 5-year term. Additionally, Ms. Vini Mahajan, a retired IAS officer and former Chief Secretary of Punjab, joins as an Independent Director for a 5-year term. These appointments strengthen the board's expertise in finance, operations, and government relations.

Re-appointment of Mr. Murli Aildas Teckchandani for a second 5-year term from August 1, 2026, to July 31, 2031.
Appointment of Ms. Vini Mahajan as an Independent Director for a first 5-year term ending July 31, 2031.
Ms. Mahajan brings 37 years of administrative experience, including serving as Secretary in the Ministry of Jal Shakti (2022-2024).
Mr. Teckchandani has 30 years of history with Hawkins, having served as Executive Director of Finance and Operations before retiring in 2013.
Both appointments were approved by members at the 66th Annual General Meeting held on July 29, 2026.

💡 These are governance-related updates; investors should continue to monitor the company's execution in the new electric kettle segment and rural market penetration as outlined in their growth strategy.

33% Revenue Growth: Hawkins Cookers Reports Q1 FY27 Net Profit of ₹30.38 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 29 Jul 2026, 01:34 PM

Hawkins Cookers delivered a strong top-line performance for Q1 FY27, with revenue from operations growing 33.1% YoY to ₹318.13 cr. Net profit for the quarter increased by 17.1% YoY to ₹30.38 cr, though growth was slightly tempered by rising expenses. The company's EPS improved to ₹57.45 from ₹49.05 in the same period last year. Total expenses rose significantly to ₹280.10 cr, driven primarily by a ₹153.15 cr cost of materials consumed.

Revenue from operations increased 33.1% YoY to ₹318.13 cr from ₹239.08 cr in Q1 FY26.
Net profit after tax grew 17.1% YoY to ₹30.38 cr compared to ₹25.94 cr in the previous year.
Earnings Per Share (EPS) for the quarter stood at ₹57.45, up from ₹49.05 YoY.
Cost of materials consumed rose to ₹153.15 cr, representing approximately 48% of revenue.
Profit Before Tax (PBT) reached ₹40.87 cr, a 17.2% increase over the ₹34.88 cr reported in Q1 FY26.

💡 Investors should monitor the sustainability of this 33% revenue growth and observe if the company can improve operating margins, which were pressured by higher material costs this quarter.

17.1% PAT Growth to ₹30.38 Cr on 33.1% Revenue Surge in Q1 FY27

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 29 Jul 2026, 12:57 PM

Hawkins Cookers reported a robust 33.1% YoY increase in revenue from operations to ₹318.13 Cr for the quarter ended June 30, 2026. However, Net Profit grew at a slower pace of 17.1% YoY to ₹30.38 Cr, indicating margin compression. This was primarily driven by a 42.6% surge in raw material costs, which rose to ₹153.15 Cr. Despite the cost pressure, the company maintained profitability with an EPS of ₹57.45, up from ₹49.06 in the previous year's corresponding quarter.

Revenue from operations grew 33.1% YoY to ₹318.13 Cr from ₹239.08 Cr.
Net Profit after tax increased 17.1% YoY to ₹30.38 Cr.
Cost of materials consumed rose significantly by 42.6% to ₹153.15 Cr.
Earnings Per Share (EPS) improved to ₹57.45 from ₹49.06 YoY.
Total expenses increased by 34.8% YoY to ₹280.10 Cr, outpacing revenue growth.

💡 Investors should monitor the trend in aluminum and steel prices as raw material costs are impacting margins. Watch for management commentary on whether the strong revenue growth is driven by the new electric kettle segment or rural demand recovery.

Hawkins Cookers Board Meeting Scheduled for July 29, 2026, to Approve Q1 Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 10 Jul 2026, 12:39 PM

Hawkins Cookers Ltd has announced that its Board of Directors will meet on July 29, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. This is a routine regulatory filing as per SEBI (LODR) Regulations, 2015. The meeting will provide the first financial performance update for the 2026-27 fiscal year. Investors typically monitor these results for trends in consumer demand and raw material cost impacts on margins.

Board meeting scheduled for July 29, 2026, to approve Q1 FY27 results
Financial results pertain to the three-month period ended June 30, 2026
Intimation provided on July 10, 2026, giving 19 days of advance notice
Meeting is held under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

💡 Watch for the financial results release on July 29, 2026, to evaluate the company's revenue growth and margin performance in the cookware segment.

View All 508486 Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Revenue growth was 8.9% YoY in FY2025, a significant recovery from 1.8% in FY2024. Manufacturing of Metal Products (Pressure Cookers and Cookware) accounts for 81% of turnover, while Wholesale Trading accounts for 16%.

Geographic Revenue Split

The domestic market is the primary driver, contributing 93.3% to 94% of total sales. Exports account for approximately 6% to 6.7% of turnover, serving 29 international countries as of FY2025.

Profitability Margins

Operating profit margins declined to 13.9% in FY2025 from 14.7% in FY2024, primarily due to rising raw material costs and the absence of price hikes during that fiscal year. Margins previously improved from 12.5% in FY2022 to 13.5% in FY2023.

EBITDA Margin

Operating profit margin stood at 13.9% in FY2025. Core profitability is vulnerable to raw material price volatility, particularly aluminium, which caused the 80 bps margin compression YoY.

Capital Expenditure

Not explicitly disclosed in INR Cr, but the company maintains a net debt-free status with limited working capital requirements and stable dividend payouts that limit net worth expansion.

Credit Rating & Borrowing

Ratings reaffirmed at [ICRA]AA- (Stable). Fixed deposit programme enhanced to INR 110.08 Cr from INR 94.51 Cr. The company is net debt-free with a gearing of 0.1 times as of March 31, 2025.

⚙️ Operational Drivers

Raw Materials

Aluminium and Stainless Steel are the primary raw materials. Aluminium prices are specifically cited as a major driver of margin volatility, causing a decline in operating margins to 13.9% in FY2025.

Key Suppliers

Sourced from ISO-compliant suppliers; specific company names are not disclosed.

Capacity Expansion

Operates 3 factories: Thane (Maharashtra), Hoshiarpur (Punjab), and Jaunpur (Uttar Pradesh). While specific MTPA capacity is not listed, the company has 26 stainless-steel and 92 aluminium pressure cooker models.

Raw Material Costs

Raw material costs led to a margin decline from 14.7% to 13.9% in FY2025. Procurement strategy includes sourcing from ISO-compliant vendors and recycling aluminium scrap to manage costs.

Manufacturing Efficiency

Capacity utilization is not specified, but the company produces a wide range of 118 pressure cooker models and has successfully diversified into pressure die-cast and cast-iron cookware.

Logistics & Distribution

Distribution is handled through an extensive network of 9,588 dealers as of March 31, 2025, ensuring wide reach across urban and rural India.

📈 Strategic Growth

Expected Growth Rate

8.9%

Growth Strategy

Growth will be driven by price increases implemented in April-May 2025, product diversification into the electric kettle segment (Futura Kettle), and strengthening rural demand following a better monsoon. The company is also expanding its cookware range with Tri-Ply stainless steel and cast-iron products.

Products & Services

Pressure cookers (Hawkins Classic, Futura, Miss Mary), Cookware (Hard anodised, non-stick, Tri-Ply stainless steel, die-cast aluminium, cast iron), and Electric Kettles (Futura Kettle).

Brand Portfolio

Hawkins, Futura, Miss Mary.

New Products/Services

Entered the kitchen electricals segment in FY2025 with the Futura Kettle; also added Tri-Ply stainless steel frying pans and pressure die-cast aluminium cookware.

Market Expansion

Serves 28 states and 8 Union Territories in India and 29 international countries. Focus is on deepening rural penetration and scaling the new electric kettle category.

Market Share & Ranking

Positioned as one of the leading players in the Indian pressure cooker industry; specific market share % not disclosed.

🌍 External Factors

Industry Trends

The kitchenware segment has faced volume stagnancy for three fiscals due to inflationary pressure. The industry is shifting toward product diversification into kitchen electricals and premium cookware like Tri-Ply and cast iron.

Competitive Landscape

Intense competition from leading national branded players, regional players, and the unorganized sector.

Competitive Moat

Durable advantages include a strong brand franchise established in 1959, a massive distribution network of 9,588 dealers, and a net debt-free balance sheet with superior RoCE of 43-45%.

Macro Economic Sensitivity

Highly sensitive to inflation, which impacts consumer purchasing power, and the rural economy, which is dependent on monsoon performance.

Consumer Behavior

Inflation has shifted consumer behavior toward range-bound spending, though brand loyalty remains high for established names like Hawkins.

Geopolitical Risks

Exposure to 29 international countries; however, 94% of revenue is domestic, mitigating global trade barrier impacts.

⚖️ Regulatory & Governance

Industry Regulations

Pressure cookers and cookware must comply with BIS certifications and carry the ISI mark where applicable.

Environmental Compliance

Compliant with pollution control norms; ensures e-waste and hazardous waste disposal through authorized agencies. All three factories are compliant with air pollution control requirements.

Legal Contingencies

As of the reporting period, there were 33 customer complaints (1 pending) and 16 employee/worker complaints (7 pending). No major High Court or Supreme Court case values were disclosed.