For Q2 Himatsingka Seide has seen a drop in revenues. The retail and distribution business was a bit soft. Net profit was up 31per cent. However, total income was down six per cent and EBIDTA was down 3.5 per cent. Margins stood at 10.4 per cent versus 10.2 per cent year-on-year. The company is looking at expanding production capacities over the medium term. It has taken several initiatives to expand its international presence and integrate with global brands.

For the last three or four years the company has shown over 17 per cent compound annual growth rate (CAGR) on revenues and 25 per cent CAGR on EBITDA. The company sees a good momentum on earnings going into the second half of the year. Going forward the company also sees several growth opportunities coming in from retail and distribution space other than just manufacturing.

Himatsingka is a vertically integrated home textile major with a global footprint. It was founded in 1985. The group has among the largest capacities in the world for producing upholstery fabrics, drapery fabrics and bed linen products. The group caters to private labels of major retailers across Asia, Europe and North America.

www.himatsingka.com/