Home / Knowledge / News / Textiles / Himatsingka's consolidated revenues up by 22.8%
Himatsingka's consolidated revenues up by 22.8%
01
Nov '10
Himatsingka Seide Limited announced 2nd quarter / half year result ended 30.09.2010.

Himatsingka Consolidated Revenues for 02 FY 11 up by 22.8 % to Rs. 360 crores

• Himatsingka, a vertically integrated home textile major, reported consolidated revenues of Rs. 359.85 crores for the second quarter ended September 30" 2010, as compared to Rs. 292.91 crores in Q2 2009-10 a growth of 22.8 %.
• Distribution revenues in North America represented by brands and private label lines showed an increase of 31.3 % to USD 60.83 million vs USD 46.32 million during Q2 last year.
• Distribution revenues in Europe through the "Bellora" brand showed an increase of 6.3 % to Euro 4.29 million from Euro 4.03 million during Q2 last year.
• Manufacturing revenues (Silk / Blended Fabrics Division and Bedding Division) grew 31.1 % to Rs.151.45 crores from Rs. 115.53 crores during Q2 last year.
• Consolidated EBITDA for the quarter was higher at Rs 35.93 crorcs compared to crores in Q2 last year, a growth of 21.3 %.
• Consolidated Net profit for the quarter was Rs. 10.10 crores compared to a Net Profit of Rs. 7.19 crores for Q2 last year, a growth of 40.4 %

Consolidated financial performance (Half year ended 30th September 2010)

• Consolidated Revenues were Rs. 661.86 crores in the half year as against Rs. 495.83 crores in the corresponding half of the previous year, a growth of 33.4 %.
• EBITDA was Rs. 54.62 crores in the half year as against Rs. 44.05 crores in the corresponding half of the previous year a growth of 23.9 %.

Commenting on. results Mr.Shrikant Himatsingka, Executive Director. Himatsingka Seide said "Our Manufacturing operations and our Overseas Distribution portfolio demonstrated strong growth during the quarter, led by demand recovery in the United States. Consolidated EBITDA margins have shown improvement Q-o-Q in-spite of the unprecedented inflation seen in critical raw material inputs such as Cotton and Silk yarn. Our Consolidated EB1TDA margins during the quarter have been impacted by approximately 8 % on account of the high input costs. "

Himatsingka Seide Limited

Must ReadView All

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Textiles | On 8th Dec 2016

R&D is key to textile industry’s growth: Kavita Gupta

Research and development is the key to the growth of the textiles...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search