Himatsingka Seide Limited has informed the Exchange about Transcript for Analysts and Investors held on Friday, May 30, 2025.

Himatsingka Seide's Q4 FY25 total income came in at INR682 crores, down ~3% year-on-year, while full-year FY25 revenue was largely flat at INR2,843 crores versus INR2,862 crores. The company flagged near-term pressure from a 10% US tariff and said growth will be muted in Q1 FY26, though it sees a long-term 'China Plus One' opportunity. Management has guided for a debt reduction of INR100–200 crores in FY26, taking net debt from INR2,425 crores toward a 2–3 year target of INR1,500–1,700 crores, and is also deleveraging via non-core asset sales. Capex for FY26 is expected to be muted (vs usual INR60–70 crores). India branded business, now with three brands (Himeya, Atmosphere, Liv) across ~4,000 outlets, is targeted to reach INR100–200 crores in FY26 and INR800–1,000 crores in 4–5 years, with a 15% EBITDA margin once it hits ~INR200 crores. Margins were 20.6% in FY25, and management warned of potential 100–200 bps movement due to tariff volatility. A goodwill impairment of INR94.6 crores was taken on exited overseas brand licenses.