Himatsingka Seide has fixed September 17, 2026 as the record date to determine shareholders eligible for the final dividend for the financial year ended March 31, 2026. The Board of Directors approved the date during its meeting held on August 25, 2026.

The corporate action was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 1:00 pm and concluded at 2:15 pm.

Key Details

• Record Date: September 17, 2026
• Dividend Type: Final Dividend
• Financial Year: FY26 (ended March 31, 2026)
• Approval Date: August 25, 2026

Himatsingka Seide reported a consolidated net profit of ₹4.99 crore for the quarter ended June 30, 2026, marking a significant decline from ₹10.90 crore recorded in the corresponding period of FY25. Consolidated revenue from operations stood at ₹6,213.03 crore, slightly lower than the ₹6,569.36 crore logged in Q1FY26. The decline was attributed to geopolitical issues in the Middle East causing shipment deferrals and fluctuations in capacity utilization across certain divisions.

The textile manufacturer’s standalone net profit fell to ₹5.18 crore from ₹5.75 crore year-ago, while standalone revenue declined to ₹4,601.19 crore from ₹5,038.41 crore. Despite the dip in top-line growth, the company managed to contain cost pressures through operational efficiencies and accounting adjustments.

Financial Performance Overview

The Group’s total income decreased to ₹6,343.21 crore from ₹6,610.20 crore in Q1FY25, driven by a sharp contraction in other income to ₹13.02 crore from ₹40.85 crore. Total expenses also contracted to ₹6,261.75 crore from ₹6,466.96 crore, primarily due to lower finance costs and depreciation charges.

Standalone figures showed a similar trajectory, with profit before tax settling at ₹8.42 crore against ₹8.84 crore in the prior year period. Tax expense remained stable at ₹3.29 crore on a consolidated basis, benefiting from deferred tax credits.

Strategic Pivot to New Verticals

During the earnings call held on August 13, 2026, Executive Vice Chairman and Managing Director Shrikant Himatsingka outlined a major transition in the company’s business model. The group aims to reduce concentration risks associated with the U.S. market and home textiles by launching three new product verticals: Yarn Solutions, Fabric Solutions, and Apparel Solutions.

The Yarn Solutions business has already commenced operations, leveraging the company’s existing spinning assets which house 211,584 spindles—the world’s largest plant under one roof. Management indicated that over 90% of this capacity will be sold externally, transforming what was previously a captive operation into an independent revenue stream. The Fabric Solutions vertical is also being ramped up, utilizing approximately 90 million meters of combined sheeting and knitting processing capacity. This includes lifestyle fabrics and, later, technical textiles.

The Apparel Solutions vertical is scheduled to launch in Phase 2, likely a couple of quarters down the line. Management estimates that both Yarn Solutions and Fabric Solutions could generate revenues in the region of ₹1,000 crore each at full capacity. The traditional Home Textiles vertical will undergo a rightsizing exercise, particularly in the Sheeting division, while the Terry Towel business is expected to continue performing well.

What the Numbers Show

The financial results reflect the early stages of this transition. While EBITDA margins contracted by 416 basis points to 14.21%, management emphasized that the new verticals offer better pricing power and market opportunities compared to the challenging home textile space. The reduction in depreciation expense by ₹51.20 lakh, due to the reassessment of useful lives for property, plant, and equipment, provided some support to the bottom line, lowering quarterly charges to ₹29.35 crore from ₹38.35 crore. Finance costs also eased to ₹63.83 crore from ₹72.08 crore.

Debt and Governance

The company’s leverage remained range-bound at approximately ₹2,550 crore. Recent fundraising through non-convertible debentures (NCDs) was aimed at balancing debt tenors and maturity profiles rather than adding incremental capital. Management stated that net debt is expected to reduce by the end of the fiscal year. The unaudited consolidated and standalone financial results were reviewed by statutory auditors M S K A & Associates LLP, who issued an unmodified conclusion. The Board of Directors approved the results in a meeting held on August 12, 2026.