Himatsingka Seide : Currently serve 38 Countries and are focused on enhancing revenue streams from Non – US jurisdictions

 Himatsingka Seide : Currently serve 38 Countries and are focused on enhancing revenue streams from Non – US jurisdictions



  • Himatsingka Seide H1 FY26 PAT grew 25.1%
  • Currently serve 38 Countries and are focused on enhancing revenue streams from Non – US jurisdictions
  • Commenting on the Company’s performance, Mr. Shrikant Himatsingka, Executive Vice Chairman and Managing Director said: Despite the challenging environment, our Q2FY’26 operating performance has been range bound. We remain focused and on strengthening and growing our Non – US market presence. Our India portfolio remains a strategic priority and we are optimistic about our long term growth prospects in the domestic market. As we navigate headwinds arising from the imposition of U.S. tariffs, we continue to drive initiatives to enhance capacity utilization and expand our market share across key regions and channels where we operate.
  • In line with ongoing initiatives to deleverage the balance sheet, consolidated net debt stood at ₹2,436 crore as of Q2 FY’26, compared to ₹2,680 crore in Q2 FY’25. This reduction reflects our focused approach toward strengthening the capital structure and improving financial flexibility.
  • Currently operate in the Indian market through three distinct brands—Himeya, Atmosphere, and Liv—each catering to a broad spectrum of home textile products. These brands are strategically positioned to serve consumers across diverse price points, ensuring comprehensive market coverage. 
  • India business continues to demonstrate consistent year-on-year growth in revenue streams, reinforcing the strength of domestic presence and brand portfolio. 
  •  Continue to expand presence and reach in the multi brand outlets(MBOs) channel 
  •  Continue to expand presence and reach in the Large Format Stores
  •  Enhanced penetration in E-Commerce and Quick Commerce Channels 
  •  Broad-based Private Label Clients Group. 
  • BUSINESS UPDATE The Consolidated Revenue from operations declined by 9.3% Y-o-Y and stood at ₹629.57 crore vs ₹694.33 crore during the previous year. This decline is primarily on account of Tariff overhang that has affected revenue streams from the US markets. In Q2 FY’26, Other Income surged to ₹77.70 crore compared to ₹5.98 crore in the same period last year, primarily driven by net foreign exchange gains of ₹66.01 crore. This increase was due to the depreciation of the Indian Rupee against the U.S. Dollar, during the quarter. Of the total forex gains, ₹7.82 crore represents realized gains (H1 FY’26: ₹14.27 crore), while ₹58.19 crore (H1 FY’26: ₹53.77 crore) pertains to unrealized mark-to-market gains.

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