Himatsingka Seide Limited — Investor Meet, 19-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Himatsingka Seide's Q1 FY26 revenues dipped 10.4% YoY to INR 661 Cr, primarily due to US tariff uncertainties impacting capacity utilization. The company reduced net debt to INR 2,405 Cr. Management is aggressively expanding into 35 non-U.S. markets and accelerating India business growth, targeting INR 800-1000 Cr domestically in coming years. While tariffs up to 25% are manageable, higher rates create uncertainty, though no client order cancellations are reported yet. The company aims to optimize existing capacities for INR 4,000 Cr revenue, but tariff issues cause delays. The focus remains on diversification.