Himatsingka Seide Ltd
NSE:HIMATSEIDE
Himatsingka Seide Ltd
Himatsingka Seide Ltd. engages in the manufacturing, marketing, distribution and retailing of home textile products. The company is headquartered in Bangalore, Karnataka. The firm designs, develops, manufactures, distributes, and retails a range of textile products. The firm is manufacturing bedding and bath products, drapery and upholstery fabrics, and cotton yarn. The firm also manufactures, retails and distributes bedding, bath, drapery, upholstery and lifestyle accessory products. Its portfolio of brands includes Calvin Klein, Tommy Hilfiger, Kate Spade, Pimacott, Organicott, Homegrown, Royal Velvet, Gizacott, Himeya, Waverly, Barbara Barry, Bellora and Atmosphere. The Company’s solutions include bedding solutions, bath solutions, yarn and fiber solutions and drapery and upholstery solutions. The Company’s subsidiaries include Himatsingka Wovens Private Limited, Himatsingka Holdings North America Inc and Himatsingka America Inc.
Himatsingka Seide Ltd. engages in the manufacturing, marketing, distribution and retailing of home textile products. The company is headquartered in Bangalore, Karnataka. The firm designs, develops, manufactures, distributes, and retails a range of textile products. The firm is manufacturing bedding and bath products, drapery and upholstery fabrics, and cotton yarn. The firm also manufactures, retails and distributes bedding, bath, drapery, upholstery and lifestyle accessory products. Its portfolio of brands includes Calvin Klein, Tommy Hilfiger, Kate Spade, Pimacott, Organicott, Homegrown, Royal Velvet, Gizacott, Himeya, Waverly, Barbara Barry, Bellora and Atmosphere. The Company’s solutions include bedding solutions, bath solutions, yarn and fiber solutions and drapery and upholstery solutions. The Company’s subsidiaries include Himatsingka Wovens Private Limited, Himatsingka Holdings North America Inc and Himatsingka America Inc.
Revenue Decline: Quarterly revenue was INR 637.26 crores, down from INR 722 crores last year, mainly due to U.S. tariff overhang.
Tariff Relief Ahead: U.S. tariffs have been reduced from 50% to 18%, but management expects margin normalization only from FY '27 as price renegotiations with clients progress.
Geographic Diversification: The company is prioritizing growth in non-U.S. markets, with India and EMEA expected to increase in revenue contribution.
India Growth: Domestic business is showing consistent growth, with India revenue projected to reach INR 400–500 crores in the next 2 years.
New Products & Diversification: Himatsingka plans to launch new product verticals beyond home textiles, leveraging existing infrastructure to accelerate growth and reduce risk.
EU FTA Opportunity: Recent EU and U.K. FTAs are expected to open new market opportunities and boost non-U.S. exports.
Net Debt: Net debt stands at INR 2,480 crores as of December 31.
