Exhibit 23.2 - Consent of Ernst & Young LLP, Independent Auditors,
                              Predecessor Auditors

We consent to the  incorporation  by  reference in the  Registration  Statements
(Form S-8 No.  333-32685)  pertaining to the Watts  Industries,  Inc. 1996 Stock
Option Plan (Post Effective Amendment No. 1 to Form S-8 No. 33-30377) pertaining
to the 1986 Incentive Stock Option Plan, (Form S-8 No.  33-37926)  pertaining to
the Nonqualified  Stock Option Plan,  (Form S-8 No. 33-69422)  pertaining to the
1991 Non-Employee Directors' Nonqualified Stock Option Plan of Watts Industries,
Inc.  and (Form S-8 No.  33-64627)  pertaining  to the  Watts  Industries,  Inc.
Management  Stock Purchase Plan, and in the related  Prospectuses  of our report
dated August 6, 1996,  with  respect to the  consolidated  financial  statements
included in this Annual Report (Form 10-K) of Watts Industries, Inc.

                                                            Ernst & Young LLP



Boston, Massachusetts
September 11, 1997



                Report of Ernst & Young LLP, Independent Auditors

Board of Directors
Watts Industries, Inc.

We  have  audited  the  accompanying   consolidated   balance  sheets  of  Watts
Industries,  Inc.  and  subsidiaries  as of  June  30,  1996,  and  the  related
consolidated statements of operations,  stockholders' equity, and cash flows the
years  ended June 30,  1996 and 1995.  Our audits also  included  the  financial
statement  schedule  for the years ended June 30,  1996 and 1995,  listed in the
Index  at  Item  14(a).   These  financial   statements  and  schedule  are  the
responsibility of the Company's management.  Our responsibility is to express an
opinion on these financial  statements and schedule based on our audits.  We did
not  audit  the  financial   statements  of  Watts  Industries  Europe  B.V.,  a
wholly-owned  subsidiary,  which statements reflect total assets of $136,500,000
as of June 30,  1996,  and net sales of  $118,700,000  in  fiscal  year 1996 and
$93,500,000 in fiscal year 1995.  Those  statements and schedule were audited by
other auditors,  Deloitte & Touche, whose reports have been furnished to us, and
our opinion , insofar as it relates to data included for Watts Industries Europe
B.V., is based solely on their reports.

We  conducted  our  audits  in  accordance  with  generally   accepted  auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We  believe  that our  audits  and the  reports  of  other  auditors  provide  a
reasonable basis for our opinion.

In our  opinion,  based on our  audits  and the  report of other  auditors,  the
consolidated  financial  statements  referred to above  present  fairly,  in all
material respects, the consolidated financial position of Watts Industries, Inc.
and  subsidiaries  at June  30,  1996,  and the  consolidated  results  of their
operations  and their cash  flows the years  ended  June 30,  1996 and 1995,  in
conformity with generally accepted accounting principles.  Also, in our opinion,
based on our audits  and the report of other  auditors,  the  related  financial
statement  schedule,   when  considered  in  relation  to  the  basic  financial
statements  taken as a whole,  presents  fairly  in all  material  respects  the
information set forth therein.

As discussed in Note 2 to the consolidated financial statements,  in fiscal year
1996, the Company adopted  Statement of Financial  Accounting  Standard No. 121,
"Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to
Be Disposed of."


August 6, 1996
Boston, Massachusetts