India

Himatsingka Seide Consolidated Net Revenue FY18 Rs. 2266.69 Cr. Up by 5.3% Over FY17


Himatsingka Seide, part of the Himatsingka Group, announced results for the quarter and financial year ended March 31, 2018.


 


Consolidated Financial Highlights for financial year ended 31st March 2018


  • Consolidated Total Income for FY18 stood at Rs. 2,266.69 Crores vs Rs. 2,151.60 Crores in FY17, an increase of 5.3%


  • Consolidated EBITDA for FY18 increased by 19.3% to Rs. 466.23 Crores vs Rs. 390.89 Crores in FY17. For FY 18, EBITDA Margin stood at 20.6% compared to 18.2% in FY17


  • Consolidated EBIT for FY18 up by 18.4% to Rs. 394.28  Crores vs Rs. 332.88 Crores in FY17


  • Consolidated PBT for FY18 up by 21.4% to Rs. 290.48  Crores vs Rs. 239.35  Crores in FY17


  • Consolidated PAT for FY18 up by 10.7% to Rs. 201.64  Crores vs Rs. 182.10  Crores FY17


  • Basic and Diluted Earnings per Share (EPS) for FY18 stood at Rs. 20.48  vs Rs. 18.50 in FY17


 


Consolidated Financial Highlights for the Quarter Ended 31st March 2018


  • Consolidated Total Income for Q4 FY 2018 stood at Rs. 570.63 Crores vs Rs. 588.93 Crores in Q4 FY 2017


  • Consolidated EBITDA for Q4 FY 2018 increased by 29.3% to Rs. 131.15 Crores vs Rs. 101.43 Crores in Q4 FY 2017. In Q4 FY18, EBITDA Margin stood at 23.0%, as against 18.2% in FY 17


  • Consolidated EBIT for Q4 FY 2018 was up by 29.1% to Rs. 110.67Crores vs Rs. 85.69 Crores in Q4 FY 2017


  • Consolidated PBT for Q4 FY 2018 was up by 25.4% to Rs. 78.82Crores vs Rs. 62.83 Crores in Q4 FY 2017


  • Consolidated PAT for Q4 FY 2018 was up by 10.4% to Rs. 50.34  Crores vs Rs. 45.59Crores in Q4 FY 2017


  • Basic and Diluted Earnings per Share (EPS) for Q4 FY 2018 stood at Rs. 5.11 vs Rs. 4.63 in Q4 FY 2017


 


Consolidated Financial Summary – Q4 FY 18 and FY 18












 Particulars


Q4 FY18


Q4 FY17


% Change


FY 18


FY17


% Change


 Total Income (Rs. Crores)


570.63


588.93


-3.1%


2,266.69


2,151.60


5.3%


 EBITDA (Rs. Crores)


131.15


101.43


29.3%


466.23


390.89


19.3%


 EBITDA Margin (%)


23.0%


17.2%


 


20.6%


18.2%


 


 EBIT (Rs. Crores)


110.67


85.69


29.1%


394.28


332.88


18.4%


 EBIT Margin (%)


19.4%


14.6%


 


17.4%


15.5%


 


 PBT (Rs. Crores)


78.82


62.83


25.4%


290.48


239.35


21.4%


 PBT Margin (%)


13.8%


10.7%


 


12.8%


11.1%


 


 PAT (Rs. Crores)


50.34


45.59


10.4%


201.64


182.10


10.7%


 PAT Margin (%)


8.8%


7.7%


 


8.9%


8.5%


 


 


Commenting on the Company’s performance, Mr. Shrikant Himatsingka, Managing Director & Group CEO said, “The operating performance for FY 18 has been satisfactory. Going into FY19, we continue to remain focused on expanding our brand portfolio, sweating manufacturing capacities and enhancing our market share across geographies and categories.


 


Business Update for FY 2018


  • Successfully commissioned the world’s largest Spinning Plant under one roof with capacity of 211,584 spindles


  • Successfully concluded the acquisition of the home textile portfolio of Global Brands Group Holdings Limited. The home portfolio includes the exclusive licensing rights for the Tommy Hilfiger home brand (For North America), the Copper Fit brand and other brands


  • Revenues from Brands stood at approximately Rs. 1,610 Crores for FY 2018


  • Commenced construction on the Terry Towel project during Q4 FY 2018


  • We continue to remain focus on sweating assets across the value chain and build brands lead revenue stream across product categories 


 


About Himatsingka Group


The Himatsingka Group is a vertically integrated textile major with a global footprint. The Group focuses on the manufacture, retail and distribution of Home Textile products. On the manufacturing front, the Group operates amongst the largest capacities in the world for producing Bedding products, Terry Towels, Drapery & Upholstery fabrics and Ultra-Fine count Cotton Yarn. Spread across North America, Europe and Asia, the Group’s retail and wholesale distribution divisions own and or license among the largest brand portfolios in the home textile space and cater to private label requirements of major retailers across geographies.


 


Disclaimer


Statements in this document relating to future status, events, or circumstances, including without limitation statements about plans and objectives, the progress and results of research and development, potential product characteristics and uses, product sales potential and target dates for product launch are forward-looking statements based on commercial estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may materially differ from those anticipated in such forward-looking statements. Himatsingka Seide Limited may, from time to time, make additional written and oral forward looking statements, including statements contained in the company’s filings with the regulatory bodies and its reports to shareholders. The company assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors that may or may not be relevant.


Source: NV1

Leave a Reply

Back to top button
X

Adblock Detected

Please consider supporting us by disabling your ad blocker