A vertically integrated global textile leader, Himatsingka Seide plans to expand both its market presence and customer base in FY25 to align with the evolving market landscape.
Furthermore, Himatsingka also aims to maintain high standards of Environmental, Social, and Governance (ESG) responsibility. The company will continue to maintain its leadership position in the home textiles sector by combining best-in-class innovation, flexibility and global client networks. It will also seek to de-leverage its balance sheet and optimise capital efficiency, says Shrikant, Himatsingka, Executive Vice Chairman and Managing Director.
A specialist in the design, development, manufacturing, and distribution of a diverse range of textile products, Himatsinghka has four advanced manufacturing facilities along with some of the largest installed capacities in the world for bedding products, bath products, and cotton yarn.
Fiscal 2024 proved to be both rewarding and challenging for Himatsingka Seide as the company faced global macroeconomic headwinds while consolidating its operations. The company demonstrated remarkable resilience, driven by its strong business fundamentals, integrated manufacturing platforms, and commitment to innovation. Its consolidated revenues grew by 4 per cent to Rs 2,862.58 crore during the year while consolidated EBITDA increased by 78.40 per centto Rs 617.33 crores.
This growth was driven by a stable demand environment, enhanced capacity utilisation, and the easing of supply chain costs, notes Himatsingka. The company continues to focus on optimising operations further and reducing debt in FY 25.
