Home / Knowledge / News / Textiles / Himatsingka's consolidated performance hurt by high raw costs
Himatsingka's consolidated performance hurt by high raw costs
20
May '11
Himatsingka Seide Limited, a vertically integrated home textile major, reported a Consolidated revenue of Rs. 1,232.67 crores for the year ended March 31, 2011 as compared to Rs. 1,075.34 crores for the year ended March 31, 2010, a growth of 14.63%.

• Retail and Distribution revenues in North America represented by brands and private label lines reported revenue of USD 200.53 million for the year ended March 31, 2011 as compared to USD 170.13 million for the year ended March 31, 2010, a growth of 17.87%.
• Manufacturing revenues (Silk / Blended Fabrics Division and Bedding Division) reported revenue of Rs. 508.02 crores for the year ended March 31, 2011 as compared to Rs 465.11 crores for the year ended March 31, 2010, a growth of 9.23%.
• Retail and Distribution revenues in Europe through the “Bellora” brand reported revenue of Euro 19.41 million for the year ended March 31, 2011 as compared to Euro 19.28 million for the year ended March 31, 2010, a growth of 0.67%.
• Retail and Distribution revenues in Asia through the “atmosphere” brand reported revenue of Rs. 47.20 crores for the year ended March 31, 2011 as compared to Rs. 51.47 crores for the year ended March 31, 2010, a decline of 8.29%.
• Consolidated EBITDA for the year stood at Rs 91.26 crores as compared to Rs 99.79 crores in the previous year.
• Consolidated net profit / (loss) for the year stood at Rs. (16.57) crores as compared to Rs. 3.26 crores (excluding exceptional items) for the previous year.

Commenting on results Mr. Shrikant Himatsingka, Executive Director, Himatsingka Seide Ltd said “Our consolidated performance has been impacted by the unprecedented increase in raw material prices during the year. Notwithstanding the raw material impact our manufacturing and distribution businesses registered a stable performance during the fiscal. We have seen strong growth in North America and consistency in European and Asian markets.”

The Himatsingka Group is a vertically integrated Home Textile major with a global footprint. The Group focuses on the manufacturing, retailing and distribution of Home Textile products.

Himatsingka Seide Limited


Must ReadView All

Courtesy: The White House

Textiles | On 21st May 2018

China, US put trade war on hold

Following weeks of uncertainty over imposition and counter-imposition ...

Equate posts best Q12018 results since inception

Textiles | On 21st May 2018

Equate posts best Q12018 results since inception

Equate Group's first quarter results for 2018 are the best since its...

Over 60% retailers already have IoT platforms: IDC

Apparel/Garments | On 21st May 2018

Over 60% retailers already have IoT platforms: IDC

Retail organisations are adopting IoT platforms and more than 60 per...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Prathyusha Garimella
Prathyusha Garimella

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

Robert Brunner
Devereux

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search