Himatsingka Seide Limited is a vertically integrated global textile major that designs, develops, manufactures, distributes, and retails a comprehensive suite of home textile products. Incorporated in 1985 and headquartered in Bengaluru, India, the company is led by Chairman D K Himatsingka and Managing Director Shrikant Himatsingka.
With 4 manufacturing facilities, Himatsingka's installed capacities for bedding products, bath products, and cotton yarn products are amongst the largest in the world. The company offers made-up bedding products, drapery and upholstery fabrics, towels, and cotton yarn, with solutions including bedding, bath, yarn and fiber, and drapery and upholstery.
The company produces home textiles for over 12 global brands, both licensed and owned. It holds exclusive license rights for iconic brands like Calvin Klein, Tommy Hilfiger, Kate Spade, Royal Velvet, Barbara Berry, and Waverly. Himatsingka also entered into a licensing agreement with The Walt Disney Company to manufacture and distribute a broad range of home textile products inspired by archives and characters from all its franchises including Disney, Marvel, Pixar, and Lucas, aiming to increase its presence in the European region.
The company's comprehensive brand portfolio includes Calvin Klein, Tommy Hilfiger, Kate Spade, Pixar, Disney, Marvel, Star Wars, Pimacott, Organicott, Homegrown Cotton, Royal Velvet, Gizacott, Himeya, Waverly, Barbara Barry, Bellora, Liv, and Atmosphere brands.
Himatsingka Seide has two manufacturing facilities in India and retail and distribution businesses across North America, Europe, and Asia. The company designs, develops, manufactures, distributes, and retails home textile products internationally, with products offered across Germany, France, England, Italy, South America, Australia, and the USA. It boasts a global presence with distribution networks across Europe, the USA, and the Asia-Pacific. In recent years, Himatsingka Seide Ltd has strengthened its market position through strategic acquisitions and expanding its product portfolio.
As of recent data, Himatsingka Seide's market capitalization stands at ₹1,888.77 crore (as of May 8, 2025), with a share price of ₹150.3 on NSE. The promoter holding in the company is 37.2%.
On May 29, 2025, Himatsingka reported FY25 revenue of ₹2,843 crore and EBITDA of ₹579 crore. For Q4 FY25, revenue was ₹682 crore with EBITDA of ₹143 crore.
During Q4 FY25, Himatsingka Seide recorded a total income of ₹702.80 crores, representing a decrease of 2.8% from the previous quarter (Q3 FY25) where total income was ₹722.89 crores. On a year-on-year basis, the company witnessed a growth of 1.6%. The profit after tax for Q4 FY25 stood at ₹23.74 crores, showing an increase of 8.7% from the previous quarter and a 6.2% rise from the same period last year. The earnings per share (EPS) for Q4 FY25 was ₹2.40, compared to ₹1.70 in Q3 FY25, representing a notable increase of 41.2%.
For the full year FY25, net profit declined 32.60% to ₹76.04 crore as against ₹112.82 crore during the previous year ended March 2024. Sales declined 2.23% to ₹2,778.20 crore in the year ended March 2025 as against ₹2,841.45 crore during the previous year ended March 2024.
• Market Capitalization: ₹1,888.77 crore (as of May 8, 2025)
• Promoter Holding: 37.2%
• Revenue FY25: ₹2,843 crore (as reported on May 29, 2025)
• EBITDA FY25: ₹579 crore
• Net Profit FY25: ₹76.04 crore
• Q4 FY25 Revenue: ₹682 crore
• Q4 FY25 EBITDA: ₹143 crore
• Q4 FY25 Net Profit: ₹23.74 crore
• P/E Ratio: 13.4
• Book Value: ₹162
• Dividend Yield: 0.17%
• Return on Capital Employed (ROCE): 9.45%
• Return on Equity (ROE): 7.78%
In Q4 FY25, Himatsingka Seide experienced a slight decline in total income, primarily due to brand portfolio recalibrations and challenges from divested segments, despite high capacity utilization in the spinning division. Management is optimistic about future growth, particularly in the Indian market, driven by the anticipated Free Trade Agreement with the UK and plans to expand brand presence significantly.
However, the impact of a 10% tariff from the U.S. poses risks to revenue and margins, complicating the operational landscape. Efforts to enhance balance sheet strength and reduce debt are underway, with a focus on improving working capital management amid fluctuating margins.
The company focuses on integrating sustainability into its processes, aiming to enhance its environmental and social governance practices. According to Shrikant Himatsingka, Executive Vice Chairman & Managing Director, the company remains focused on consolidating operating performance and increasing capacity utilization levels and market share across key regions and channels.
The company is working to grow its India presence, making the domestic market a strategic priority in the medium term. This strategic focus aligns with the company's efforts to diversify its revenue streams and reduce dependence on international markets.
On May 28, 2025, the Board of Directors recommended a final dividend of ₹0.25 per equity share (i.e., 5%), subject to shareholder approval. The company has also allotted 650 unrated, senior, unlisted, secured, redeemable Non-Convertible Debentures of face value of ₹10 lakh each, aggregating to ₹65 crore on a private placement basis on May 7, 2025.
Himatsingka Seide continues to navigate the challenging global textile market while focusing on operational efficiency, debt reduction, and strategic market expansion, particularly in the domestic Indian market where it sees significant growth potential.
