Hindware Atlantic transitions to asset-light Model, Strengthens Innovation and Market Support

Hindware Atlantic, a 50:50 joint venture between Hindware Home Innovation Limited and France's Groupe Atlantic is happy to announce the sale of its Telangana water heater manufacturing plant to Ariston Group, which operates in India under the brand Racold. This strategic move enables Hindware Atlantic to operate asset-light, enhancing flexibility in its water heater business while strengthening its balance sheet. The company will continue to focus on market development, product innovation, and expanding consumer reach.

Leveraging Groupe Atlantic's proven technical expertise in heating solutions, along with Hindware's extensive distribution and dealer network and leadership in bath and kitchen solutions, Hindware Atlantic aims to strengthen its market presence and ensure seamless support for its trade partners. The company remains committed to continuous innovation, uninterrupted product availability, and maintaining the highest quality standards, ensuring that partners and customers experience reliability and continuity at every level.

Hindware and Groupe Atlantic remain fully committed to the Indian market, with no impact on distribution, policies, or team structure. Partners and customers can continue to rely on trusted products and uninterrupted service. Established in 2021, the joint venture Hintastica Private Limited will continue to drive growth, innovation, and market development while leveraging Groupe Atlantic's expertise to deliver world-class solutions.

Hintastica Private Limited and Ariston have entered into a binding agreement to execute the transaction, which is subject to both parties fulfilling the terms of the agreement and customary conditions precedent.

Hindware Atlantic also intends to source part of its future product range from the Telangana manufacturing facility.

Shares of Hindware Home Innovation Limited was last trading in BSE at Rs. 360.05 as compared to the previous close of Rs. 372.75. The total number of shares traded during the day was 24002 in over 1080 trades.

The stock hit an intraday high of Rs. 392.10 and intraday low of 359.00. The net turnover during the day was Rs. 9055844.00.

Source : Equity Bulls

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HindwareHomeInnovation INE05AN01011 HindwareAtlantic