Key takeaway: During the earnings call held on May 29, 2026, management reported a consolidated total income of INR721 crores for Q4 FY26, reflecting a growth of approximately 5.8% compared to the previous year. Management noted challenges due to volatile U.S. tariff policies and geopolitical uncertainties, which impacted operational performance. Capacity utilization levels for spinning, sheeting, and Terry Towel divisions were reported at 99%, 56%, and 63%, respectively. Management discussed a transition towards a more diversified revenue and category mix, including yarn and fabric solutions, while also exploring apparel solutions. The Board approved raising up to INR850 crores through non-convertible debentures to balance debt tenors. Management set a medium-term EBITDA margin goal of 18% to 22%, while acknowledging potential short-term pressures from inflation and geopolitical events. The company aims to enhance its market presence in India across various categories, with a focus on sustainable growth.

Key takeaway: Himatsingka Seide Limited reported a consolidated total revenue of approximately INR637.26 crores for Q3 FY26, a decrease from INR722 crores in the same period last year, attributed to prevailing tariffs affecting revenue streams. Management noted that other income of around INR25 crores was primarily due to foreign exchange movements. Capacity utilization for the spinning plant was at 99%, while the Sheeting and Terry Towel divisions experienced a slight correction. Management emphasized a strategic focus on enhancing revenue from non-U.S. jurisdictions despite recent U.S. tariff reductions. The Indian market remains a priority, with management indicating growth potential and plans to introduce new product verticals to diversify revenue streams. Management also highlighted the importance of the EU FTA and U.K. FTA in creating new opportunities. The company aims to leverage its existing infrastructure to tap into broader market segments beyond home textiles.