Himatsingka Seide

Himatsingka Seide reported Q3 FY26 consolidated revenue of ₹637.26 croreCurrent reported value: ₹637.26 crore. No comparable prior figure is available in the source record., down ~11.7% YoY from ₹722 crore, impacted by US tariff overhang. EBITDA and PAT were not disclosed. Management highlighted that capacity utilization saw a 100-200 bpsCurrent 100-200 bps. Reported change: -100 to -200 bps QoQ. correction in sheeting and terry divisions, while spinning ran at 99%Current 99%. Reported change: flat.. The recent US tariff reduction from 50%Current 50%. Reported change: down from ~60% currently. to 18% and the EU FTA are expected to open new opportunities, but Q4 will see no immediate relief as negotiations with clients are ongoing. The company plans to diversify into new product verticals (apparel, fabric, yarn solutions) leveraging existing infrastructure, with no incremental capex. India revenue is targeted at ₹400-500 croreCurrent ₹400-500 crore. Reported change: substantial growth from current base. in 2 years, and US exposure is expected to fall below 50% in 18-24 months. Key risk: margin normalization may be slower than expected if client negotiations are protracted.