Home / Knowledge / News / Textiles / Q2 FY'14 operating income surges 39% at Himatsingka Seide
Q2 FY'14 operating income surges 39% at Himatsingka Seide
05
Dec '13
Bangalore based Himatsingka Seide Ltd has registered robust growth of 39% in operating income for the second quarter of FY 14. Operating income has increased from Rs. 185.94 Cr (Q2 FY 13) to Rs. 251.22 Cr (Q2 FY 14) on account of better volume growth in home textile division and increase in realization across the business segment and weak Indian currency.  
 
The realization of bed linen segment has improved 25% to Rs. 416 per metre during said period while the same for draper & upholstery segment has improved 10.5% to Rs. 1251 per metre. Subsequently, the operating profit has shown improvement from Rs. 22.25 Cr vis-à-vis Rs. 28.69 Cr.
 
However, the operating profit margin has deteriorated 55 basis points to 11.42% as against 11.97%. The rise in manufacturing costs such as raw material and salary expense has affected the margin of Himatsingka Seide. 
 
Interest cost has marginally increased 7.94% to Rs. 10.2 Cr as compared to Rs. 9.45 Cr. However, the net profit margin rose from 2.71% to 3.82% because the interest cost as percentage of operating income has reduced substantially.    
 
Established in 1985, Himatsingka Seide has mainly three business segment: bed linen, drapers & upholstery and silk & blended yarn. Its retail and distribution network caters to over 8000 points of sale including 200 shop in shop of its licensed brands in major departmental stores and 50 exclusive retail stores across 22 countries. 
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 27th Mar 2017

CCI shows US cotton textiles at Intertextile Shanghai expo

The Cotton Council International (CCI), the global marketing arm of...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search