Himatsingka Seide Limited has informed the Exchange about Transcript of Earnings Call for Analysts and Investors.
HIMATSEIDE · price
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Awaiting price reaction for this filing.
Himatsingka Seide reported Q1 FY26 revenue of INR 661 crores, down 10.4% YoY from INR 738 crores, largely on US tariff uncertainty. EBITDA margin came in at 19%, a 200 bps decline, still within the company's stated 18-22% band. Net debt edged down to INR 2,405 crores from INR 2,425 crores at end-March 2025. Capacity utilization was Spinning 99%, Sheeting 60% and Terry 68%. Management reiterated a roughly 2-year roadmap to ~INR 4,000 crores in revenue, reducing US share below 50% in 18-24 months, and growing the India business to INR 800-1,000 crores. No client order cancellations or production stops were reported, and management stated tariffs up to 25% are manageable as India stays competitive versus China and Pakistan.
Near-term earnings remain pressured by US tariffs and client wait-and-watch mode, but management's 18-22% margin band and multi-year revenue targets are intact. The stock is likely to stay sensitive to tariff headlines, though India growth, non-US diversification, and a largely complete capex cycle offer longer-term support.