Himatsingka Seide Reports Q3FY26 Results: Revenue Declines to ₹611.37 Crores
Himatsingka Seide's Q3FY26 results show revenue decline to ₹611.37 crores (-11.6% YoY) and significant profit drop to ₹7.62 crores (-65.3% YoY) primarily due to US tariff overhang. The company maintains focus on non-US markets and Indian expansion through multiple brands while operating at varied capacity utilization levels across divisions.
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Himatsingka Seide Limited has announced its unaudited financial results for Q3FY26, reporting consolidated revenue from operations of ₹611.37 crores for the quarter ended December 31, 2025. The company's Board of Directors approved these results during their meeting held on February 11, 2026, under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Q3FY26 Financial Performance
The company's consolidated financial results show challenging performance compared to the previous year. Total income for the quarter reached ₹637.26 crores, including other income of ₹25.89 crores, primarily driven by net foreign exchange gains of ₹24.51 crores due to Indian Rupee depreciation against the US Dollar.
| Metric: | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹611.37 Cr | ₹691.50 Cr | -11.60% |
| Total Income: | ₹637.26 Cr | ₹722.89 Cr | -11.80% |
| EBITDA: | ₹120.97 Cr | ₹142.91 Cr | -15.40% |
| EBIT: | ₹86.34 Cr | ₹104.76 Cr | -17.60% |
| Net Profit: | ₹7.62 Cr | ₹21.95 Cr | -65.30% |
| EBITDA Margin: | 19.00% | 19.80% | -79 bps |
Nine-Month Performance Overview
For the nine months ended December 31, 2025, the company demonstrated resilience with consolidated revenue from operations of ₹1,897.88 crores and net profit of ₹60.51 crores.
| Parameter: | 9M FY26 | 9M FY25 | Variance |
|---|---|---|---|
| Revenue from Operations: | ₹1,897.88 Cr | ₹2,121.29 Cr | -10.50% |
| Total Income: | ₹2,005.56 Cr | ₹2,161.28 Cr | -7.20% |
| Net Profit: | ₹60.51 Cr | ₹64.21 Cr | -5.80% |
| EBITDA Margin: | 21.10% | 20.20% | +88 bps |
Capacity Utilization and Business Update
During Q3FY26, the company's manufacturing facilities operated at varying capacity levels, with the spinning division achieving 99% utilization while sheeting and terry towel divisions operated at 58% and 65% respectively.
| Division: | Capacity Utilization |
|---|---|
| Spinning Division: | 99% |
| Sheeting Division: | 58% |
| Terry Towel Division: | 65% |
The revenue decline is primarily attributed to tariff overhang affecting revenue streams from US markets. Despite the reduction of US Tariff from 50% to 18%, the company continues focusing on enhancing revenue streams from non-US jurisdictions.
Strategic Focus and Market Expansion
The Indian market remains a high priority, with the company serving through three brands - Himeya, LIV, and Atmosphere - in addition to private label requirements. The company is expanding presence in multi-brand outlets, large format stores, e-commerce, and quick commerce channels. Executive Vice Chairman and Managing Director Mr. Shrikant Himatsingka noted that new regulatory frameworks will unleash growth opportunities as the company recalibrates its strategy for emerging market dynamics.
Corporate Governance and Earnings Call
During the Board meeting, directors approved the re-appointment of Grant Thornton Bharat LLP as Internal Auditors for Financial Year 2026-27. The company conducted an earnings call on February 12, 2026, at 15:00 hrs IST, moderated by Elara Securities (India) Private Limited, featuring senior management including Mr. Shrikant Himatsingka and Group CFO Mr. M Sankaranarayanan.
Historical Stock Returns for Himatsingka Seide
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.39% | -11.79% | -26.68% | -36.57% | -44.14% | -49.74% |
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