Himatsingka Seide Reports Results for FY26, Targets Diversification Amid Global Headwinds
Bengaluru, May 29, 2026 – Himatsingka Seide Limited announced its consolidated financial results for the quarter and the financial year ended March 31, 2026, on May 27, 2026. The company reported consolidated total income for FY26 at ₹2,727.24 Crores, compared to ₹2,843.27 Crores in FY25.The consolidated total income for the fourth quarter (Q4) FY26 stood at ₹721.68 crore, reflecting a 5.8% year-on-year increase compared to ₹681.99 crore in Q4 FY25. EBITDA for Q4 FY26 reached ₹154.17 crore, marking a 7.9% year-on-year growth, while the EBITDA margin improved to 21.4%.
Financial Highlights for FY26
The company presented comprehensive financial data across key metrics for both the full year and Q4 FY26.For the year ended March 31, 2026:
| Metric | Q4 FY26 | Q4 FY25 | Y-o-Y % Change | Q3 FY26 | Q-o-Q % Change | FY26 | FY25 | % Change |
|---|---|---|---|---|---|---|---|---|
| Revenue From Operations | 617.22 | 656.91 | -6.0% | 611.37 | 0.96% | 2,515.09 | 2,778.20 | -9.5% |
| Other Income | 104.47 | 25.08 | 316.6% | 25.89 | 303.46% | 212.15 | 65.07 | 226.0% |
| Total Income | 721.68 | 681.99 | 5.8% | 637.26 | 13.25% | 2,727.24 | 2,843.27 | -4.1% |
| EBITDA | 154.17 | 142.86 | 7.9% | 120.97 | 27.45% | 576.67 | 579.22 | -0.4% |
| EBITDA Margin (%) | 21.4% | 20.9% | 42 bps | 19.0% | 238 bps | 21.1% | 20.4% | 77 bps |
| EBIT | 100.25 | 105.28 | -4.8% | 86.34 | 16.11% | 412.46 | 427.80 | -3.6% |
| EBIT Margin (%) | 13.9% | 15.4% | -155 bps | 13.5% | 34 bps | 15.1% | 15.0% | 8 bps |
| PBT (before exceptional items) | 32.34 | 30.17 | 7.2% | 11.20 | 188.73% | 121.88 | 112.10 | 8.7% |
| PBT Margin (%) | 4.5% | 4.4% | 6 bps | 1.8% | 272 bps | 4.5% | 3.9% | 53 bps |
| PAT | 1.73 | 12.07 | -85.7% | 7.62 | -77.36% | 62.24 | 76.28 | -18.4% |
| PAT Margin (%) | 0.2% | 1.8% | -153 bps | 1.2% | -96 bps | 2.3% | 2.7% | -40 bps |
Operational and Market Overview
Amid ongoing external pressures, including evolving U.S. tariff policies and heightened geopolitical uncertainties, the company noted a range bound performance during the quarter. The increase in other income for Q4 FY26 to ₹104.47 crore was primarily attributed to net foreign exchange gains of ₹95.69 crore, resulting from the depreciation of the Indian Rupee against the U.S. Dollar during the period.Capacity utilization levels at the manufacturing facilities were reported as follows for Q4 FY26:
| Division | Q4 FY26 Utilization |
|---|---|
| Spinning Division | 99% |
| Sheeting Division | 56% |
| Terry Towel Division | 63% |
The company highlighted that the Indian market remains a top priority, where it serves customers using three brands—Himeya, LIV, and Atmosphere—in addition to meeting Private Label market requirements.
To navigate global challenges and accelerate growth, the company announced plans to enhance utilization levels by adding new product verticals while leveraging existing infrastructure. Management expects the progress of Free Trade Agreements (FTAs) between India and the EU, India and the UK, and the normalization of U.S. tariff structures to boost India's standing as a preferred sourcing destination in the textile and apparel sectors.
Corporate Actions and Strategy
On a corporate action front, the Board of Directors, at its meeting on May 27, 2026, approved raising up to INR 850 Crores through the issuance of Senior, Secured, Redeemable Non-Convertible Debentures on a private placement basis. The company noted these funds will be primarily used for refinancing debt obligations, positioning the action as largely net debt neutral.Furthermore, the Board of Directors recommended a final dividend of ₹0.25 per equity share for FY26.
Mr. Shrikant Himatsingka, Executive Vice Chairman and Managing Director, commented on the performance, stating that despite a challenging economic environment, operating performance remained range bound for FY26. He expressed confidence in the company's ability to navigate dynamic market conditions by aligning and leveraging its manufacturing infrastructure to deliver on both existing and new product verticals.
HIMATSEIDE Stock Price Movement
Himatsingka Seide Limited shares today slipped by 2.84% to settle at ₹77.38 in the post-market session. The stock shed ₹2.27 during trading, with total volume reaching 1.10 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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