Himatsingka Seide Limited — Investor Meet, 02-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Himatsingka Seide's Q4 FY26 consolidated income rose 5.8% YoY to INR721 Cr, with INR100 Cr from other income, primarily forex. The year was tough due to tariffs & geopolitics, impacting shipments and utilization (spinning 99%, sheeting 56%, terry towel 63%). FY26 dividend is INR0.25 per share.

Management is pivoting to diversify beyond home textiles into yarn, fabric, and apparel solutions, leveraging existing infrastructure without new major capex. This aims to reduce concentration risk and tap into larger markets. New revenues are expected from H2 FY27, with home textiles eventually forming half the portfolio, maintaining 18-22% EBITDA margins. India revenue was over INR100 Cr in FY26. Net debt is INR2,550 Cr, targeted to reduce to INR2,000 Cr within 12 months. The company is cautiously optimistic, seeking sustainable growth after acknowledging past challenges.