Himatsingka Seide Limited , a prominent player in the textile industry, has announced a significant change in its senior management. Jayshree Poddar, who served as the Creative Head - Design, has retired from the company effective August 25, 2025.

Management Change Details

The company disclosed this information to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in compliance with regulatory requirements. According to the official filing:

Company's Disclosure

Himatsingka Seide Limited made the announcement through a regulatory filing, adhering to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Bindu D., the Company Secretary & Compliance Officer of Himatsingka Seide Limited.

Impact on the Company

Jayshree Poddar's retirement marks the end of her tenure as the Creative Head - Design at Himatsingka Seide. Her role was crucial in shaping the design direction of the company's textile products. The departure of such a key figure in the creative department could potentially influence the company's design strategies moving forward.

About Himatsingka Seide Limited

Himatsingka Seide Limited is a textile company with its registered office located at No.4/1-2, Crescent Road, Bangalore – 560001, India. The company, which has been in operation since 1985, is known for its contributions to the textile industry.

As the company moves forward, it will be interesting to see how Himatsingka Seide adapts to this change in its creative leadership and what new directions it might take in its design approach.

Investors and industry observers will likely be watching closely to see if the company announces a successor to the Creative Head - Design position in the near future.

Himatsingka Seide Limited, a leading integrated textile company specializing in home textiles, has reported a 10.4% year-over-year decline in quarterly revenue, amounting to INR 661.00 crores. The company's performance reflects the ongoing challenges in the global textile market, particularly due to uncertainties surrounding U.S. tariffs.

Financial Performance and Operational Highlights

The company's EBITDA margin stood at 19.00%, marking a 200 basis point decline quarter-on-quarter. Capacity utilization varied across segments:

Himatsingka Seide's net debt decreased to INR 2,405.00 crores from INR 2,425.00 crores at the end of the previous quarter, indicating the company's ongoing efforts to manage its financial position.

U.S. Tariff Impact and Strategic Response

The proposed additional 25% U.S. tariff has created uncertainties and impacted market sentiment. In response, Himatsingka Seide is actively expanding its global client base across 35 non-U.S. jurisdictions, currently serving over 70 clients. The company aims to reduce its U.S. revenue share from 60% to below 50% within 18-24 months.

Shrikant Himatsingka, Executive Vice Chairman and Managing Director, stated, "We are working round the clock under the circumstances to be able to push and expand our presence in non-U.S. jurisdictions as fast as possible. That's something we are doing, and it's definitely priority number 1 on our agenda."

Domestic Market Focus

Himatsingka Seide operates three brands in India:

1. Himeya
2. Atmosphere
3. Liv

The company is targeting a revenue of INR 800.00-1000.00 crores over the next few years from these brands. It is expanding its presence across various channels, including:

• Multi-brand outlets
• Large-format stores
• Institutional clients
• Private labels
• E-commerce platforms
• Quick commerce platforms

The Himeya brand has a footprint of around 3,500 to 4,000 points of sale, while the company aims to expand its Liv brand to over 10,000-12,000 points of sale.

Future Outlook

Despite current challenges, Himatsingka Seide maintains its EBITDA margin guidance of 18-22%. The company is targeting revenue of approximately INR 4,000.00 crores with high 90s capacity utilization within two years.

Himatsingka also sees opportunities to expand its market presence in the UK following the signing of the FTA between India and the UK, although it will take a few months for these initiatives to materialize.

As the global textile market navigates through uncertain times, Himatsingka Seide remains focused on diversifying its global presence, strengthening its domestic market share, and maintaining operational efficiency to drive long-term growth.