Himatsingka Seide Limited reported a decline in its consolidated financial performance for the financial year ended March 31, 2026, with net profit falling 18.4% to ₹62.24 crore compared to ₹76.28 crore in the previous year. Revenue from operations decreased 9.5% to ₹2,515.09 crore from ₹2,778.20 crore in FY25. The Board of Directors has recommended a final dividend of ₹0.25 per equity share, subject to shareholder approval. Additionally, the board approved raising up to ₹850 crore through the issuance of Senior, Secured, Redeemable Non-Convertible Debentures on a private placement basis to refinance debt obligations.

Financial Performance Overview

The audited consolidated financial results for FY26 reflect a contraction in top-line performance despite a marginal improvement in EBITDA margins. Total income for the year decreased to ₹2,727.24 crore from ₹2,843.27 crore in FY25. EBITDA stood at ₹576.67 crore, with margins expanding to 21.1% from 20.4% in the previous year. Profit before tax before exceptional items rose to ₹121.88 crore from ₹112.10 crore in the prior year.

Quarterly Results for Q4FY26

For the quarter ended March 31, 2026, the company reported a revenue from operations of ₹617.22 crore, a decrease of 6.0% from ₹656.91 crore in the corresponding quarter of the previous year. Net profit for the quarter stood at ₹1.73 crore, significantly lower than the ₹12.07 crore recorded in Q4FY25. EBITDA for the quarter increased to ₹154.17 crore from ₹142.86 crore, with the EBITDA margin expanding to 21.4% from 20.9% year-on-year. Other income surged to ₹104.47 crore, primarily driven by net foreign exchange gains of ₹95.69 crore due to the depreciation of the Indian Rupee against the U.S. Dollar.

Key Financial Metrics

The following table summarises the consolidated financial performance for the year and quarter ended March 31, 2026:

Operational and Business Updates

Capacity utilisation levels during Q4FY26 were impacted by tariff overhang and geopolitical tensions, particularly in the Middle East. Utilisation stood at 99% for the Spinning Division, 56% for the Sheeting Division, and 63% for the Terry Towel Division. The company expects the Middle East overhang to continue impacting shipments to certain jurisdictions during Q1 FY27. Despite external headwinds, the Indian market demonstrated consistent year-on-year growth, supported by brands such as Himeya, LIV, and Atmosphere.

Himatsingka Seide has made available the audio recording of its conference call for analysts and investors. The call, held on Friday, May 29, 2026, discussed the audited financial results for the quarter and year ended March 31, 2026. The recording can be accessed via a specific link hosted on the company's website.

The disclosure regarding the availability of the recording was made under Part A of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was addressed to BSE Limited and National Stock Exchange of India Limited for their records and information.

Conference Call Recording Access

Stakeholders can listen to the proceedings of the earnings call through the following link:

• Audio Recording Link: Q4FY26 Earnings Call Recording

The original conference call was scheduled to follow a board meeting where the Board of Directors considered the standalone and consolidated financial results. The management team, including Mr. Shrikant Himatsingka, Executive Vice Chairman & Managing Director, and Mr. M Sankaranarayanan, President Finance and Group CFO, had represented the company during the session.