Himatsingka Q1 Revenue Dips 10% To Rs 661 Cr

Himatsingka Seide Limited reported consolidated revenue of Rs 661.02 crore for Q1 FY26, down 10.4% year-on-year, impacted by global trade uncertainty and proposed additional 25% US tariffs. EBITDA stood at Rs 124.75 crore with an 18.9% margin, compared to Rs 148.90 crore and 20.2% a year ago. Net profit fell 47% to Rs 10.90 crore.

Capacity utilisation during the quarter was 99% in the spinning division, 68% in sheeting, and 60% in terry towels. The company sees growth opportunities in the UK market following the July 2025 India–UK Free Trade Agreement and continues to expand its Indian market presence with brands Himeya, Atmosphere, and Liv. Net debt declined to Rs 2,405 crore from Rs 2,425 crore in Q4 FY25.

Commenting on the performance Shrikant Himatsingka, Executive Vice Chairman and Managing Director said, “Our Q1 FY26 financial performance remained range bound weighed down by the overhang of US tariffs. While the India–UK FTA provides exciting opportunities, there will be challenges on account of imposition of US tariffs. We will continue to closely monitor these developments and remain focused on enhancing our capacity utilisation levels and expanding our market share across key regions and channels we operate in.”