Q1 2026 Himatsingka Seide Ltd Earnings Call Transcript
Key Points
- Himatsingka Seide Ltd (BOM:514043) is actively expanding its global client base beyond the US, focusing on 35 non-US jurisdictions to reduce dependency on the US market.
- The company is leveraging the recent FTA between India and the UK to expand its market presence in the UK.
- Himatsingka Seide Ltd (BOM:514043) is committed to growing its India business, with plans to double its revenue from the previous fiscal year.
- The company is on track to achieve its key sustainability goals by 2030, with initiatives to potentially fast forward this deadline.
- Himatsingka Seide Ltd (BOM:514043) has successfully reduced its net debt from INR2,425 crores to INR2,405 crores as of the end of March 2025.
- The company's YoY total revenues and total income declined by 10.4%, primarily due to uncertainties from US-imposed tariffs.
- Capacity utilization levels have been impacted, with the Sheeting division at 60% and Terry at 68%, showing limited improvement.
- The proposed additional 25% tariff by the US has created uncertainties, adversely impacting market sentiments.
- Himatsingka Seide Ltd (BOM:514043) faces challenges in increasing capacity utilization despite efforts to tap new markets and customers.
- The company has experienced revenue loss due to key customers no longer being part of its portfolio and brand recalibration challenges.
Ladies and gentlemen, good day, and welcome to Himatsingka Seide Limited Q1 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Prerna Jhunjhunwala from Elara Securities. Thank you, and over to you, ma'am.
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Thank you, Amshad. Good afternoon, everyone. On behalf of Elara Securities India Private Limited, I would like to welcome you all for Q1 FY26 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.
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