Hawkins Cookers Q1 profit rises 17% as revenue jumps 33%, while margins narrow

Hawkins Cookers reported Q1 revenue of ₹318.13 crore, up 33.1% year-on-year, and net profit of ₹30.38 crore, up 17.1%. EBITDA margin slipped 120 basis points to 13.4% as material and other expenses rose faster than sales.

— Source publishedWed, 29 Jul, 2026, 15:24 IST·First seen Wed, 29 Jul, 2026, 15:26 IST·Source CNBC-TV18 · Companies

What happened

Hawkins Cookers posted 33.1% revenue growth and a 17.1% rise in Q1 profit, but EBITDA margin fell 120 basis points to 13.4% as material and other costs

Key facts

  • Q1 revenue from operations: ₹318.13 crore, up 33.1% year-on-year
  • Q1 net profit: ₹30.38 crore, up 17.1% year-on-year
  • EBITDA: ₹42.7 crore, up 22.1% year-on-year
  • EBITDA margin: 13.4%, down from 14.6%
  • Profit before tax: ₹40.87 crore
  • Total expenses: ₹280.10 crore, up from ₹207.77 crore
  • Material costs: ₹153.15 crore, up from ₹107.38 crore
  • Other expenses: ₹89.64 crore, up from ₹59.87 crore
  • EPS: ₹57.45, up from ₹49.05

Why this matters

Hawkins’ rapid sales expansion reinforces its kitchenware-category strength, but narrowing margins may heighten the appeal of partnerships or capabilities that improve sourcing scale and cost efficiency.

What to watch

  • Sequential movement in EBITDA margin and gross-margin commentary in the next quarterly result.
  • Aluminium, stainless steel, energy, and freight-cost trends versus Hawkins' ability to pass through price increases.
  • Revenue growth split between pressure cookers and cookware, especially premium-category contribution.
  • Growth in other expenses, employee costs, advertising, and dealer incentives relative to sales.
  • Management commentary on festive demand, channel inventory, capacity utilization, and competitive pricing.
  • Whether net-profit growth begins to catch up with revenue growth as operating leverage improves.
  • Selective price increases or smaller pack/value-engineered product launches to protect gross margin.
  • Greater emphasis on premium cookware, tri-ply, non-stick, and higher-realization categories to improve product mix.
  • Tighter control of advertising, trade schemes, and other operating expenses after expense growth outpaced sales.
  • Inventory and procurement actions to hedge or manage aluminium and steel cost volatility.
  • Expanded dealer/distributor reach and festive-season merchandising to convert the revenue momentum into market-share gains.