Himatsingka Seide Limited

Shrikant Himatsingka

EXECUTIVE VICE

Sankaranarayanan M.

PRESIDENT- FINANCE

Bankesh Dhingra

VICE PRESIDENT & CHIEF

Prerna Jhunjhunwala

ELARA SECURITIES INDIA PRIVATE LIMITED

10.4%

that you might have. So to begin with, our Y-o-Y total revenues and total income saw a decline of 10.4% and stood at INR 661 crores versus INR 738 crores during the same quarter last year. This is larg

INR 661 crore

So to begin with, our Y-o-Y total revenues and total income saw a decline of 10.4% and stood at INR 661 crores versus INR 738 crores during the same quarter last year. This is largely on account of the uncer

INR 738 crore

r Y-o-Y total revenues and total income saw a decline of 10.4% and stood at INR 661 crores versus INR 738 crores during the same quarter last year. This is largely on account of the uncertainties that prevail

99%

were largely range bound during the quarter, as you might have seen already, the Spinning was at 99%. The Sheeting division came in at 60% and Terry at 68%, pretty much the same as last quarter, som

60%

uarter, as you might have seen already, the Spinning was at 99%. The Sheeting division came in at 60% and Terry at 68%, pretty much the same as last quarter, some minor fluctuations in realizations.

68%

t have seen already, the Spinning was at 99%. The Sheeting division came in at 60% and Terry at 68%, pretty much the same as last quarter, some minor fluctuations in realizations. The proposed addi

25%

y much the same as last quarter, some minor fluctuations in realizations. The proposed additional 25% tariff to be imposed by the United States has created some uncertainties and has adversely impact

INR 2,405 crore

ing the first quarter, we continued to bring our debt down vis-à-vis March. Our net debt stood at INR 2,405 crores versus INR 2,425 crores during the end of March 31, 2025. So these are some of the key updates t

INR 2,425 crore

e continued to bring our debt down vis-à-vis March. Our net debt stood at INR 2,405 crores versus INR 2,425 crores during the end of March 31, 2025. So these are some of the key updates that I thought I'd like t

INR 1,000 crore

vious fiscal. And we seem to be broadly on track vis-a-vis our vision of taking India to close to INR 1,000 crores, INR 800 crores to INR 1,000 crores over the next few years. Second, we remain extremely commi

INR 800 crore

seem to be broadly on track vis-a-vis our vision of taking India to close to INR 1,000 crores, INR 800 crores to INR 1,000 crores over the next few years. Second, we remain extremely committed and focused o

5%

textile geographies such as China and Pakistan. If the tariffs were capped at 25%, then we are 5% better off than China and 6% worse off than Pakistan, which puts India in a reasonably competitiv

“On the ESG front, there's really no change from the last quarter, and we remain on track to achieve some of our key sustainability goals by 2030.”

“Our focus areas going forward will be as follows: Number one, we will be focused on our India presence and to grow our India presence.”

“We expect our India business -- India business to close to double from the previous fiscal.”

“Third, we will be making sure that while we take these initiatives, we are balancing our presence across channels and across price points to be able to have a more stable portfolio going forward.”

“We believe that up to 25% of tariffs shouldn't create any material disturbance or any stir of any kind or any interruption of any kind because we will be comparable to other competing home textile geographies such as China and Pakistan.”

“But hopefully, there will be a resolution to these matters pretty soon.”

“Can you just share the FY '26 guidance about like revenue and margin?”

“That's not a guidance for '26, but that's more a band guidance that we believe we should be at, at any given time.”

“I mean we had shared with investors earlier that -- and stakeholders earlier that we expect 150 basis to 200 basis point share somewhere in that range.”

“And maybe the impact will be slightly lower than what was on the 0 to 10 bucket because as far as we are concerned, we have already shared some on the first instance.”

Shrikant Himatsingka

13

Moderator

7

Prerna Jhunjhunwala

6

Suvankar Mallick

4

Bhavin Chheda

3

Nirav Savai

2

Prerna Jhunjhunwala

Thank you, Hamshad. Good afternoon, everyone. On behalf of Elara Securities India Private Limited, I would like to welcome you all for Q1 FY '26 Post Results Conference Call of Himatsingka Seide Limited. Today, we have with us the senior management of the company, including Mr. Shrikant Himatsingka, Executive Vice Chairman and Managing Director; Mr. Sankaranarayanan M., President- Finance and Group CFO; and Mr. Bankesh Dhingra, Vice President, & CFO-Operations. I would now like to hand over the call to Mr. Shrikant Himatsingka for opening remarks, post which we will take the Q&A session. Thank you, and over to you, sir.

Shrikant Himatsingka

Hi, everybody. Thanks for taking the time this afternoon to join us for our earnings call. I'd like to begin with a quick business update, presuming you've gone through the numbers. And then, of course, I'll be happy to answer any questions that you might have. So to begin with, our Y-o-Y total revenues and total income saw a decline of 10.4% and stood at INR 661 crores versus INR 738 crores during the same quarter last year. This is largely on account of the uncertainties that prevail owing to the tariffs that have been imposed by the United States. Our capacity utilization levels were largely range bound during the quarter, as you might have seen already, the Spinning was at 99%. The Sheeting division came in at 60% and Terry at 68%, pretty much the same as last quarter, some minor fluctuations in realizations. The proposed additional 25% tariff to be imposed by the United States has created some uncertainties and has adversely impacted sentiments. And this environment reinforces our