Textile manufacturer and distributor Himatsingka Seide’s income during the fourth quarter ended March 31, 2021, grew 58.7 per cent to Rs 748.04 crore compared to Rs 471.40 crore in the corresponding period of prior fiscal. The company’s EBITDA during the quarter rose to Rs 129.66. Profit after tax improved to Rs 37.57 crore, whereas total expenses increased to Rs 695.36 crore

The company is currently ramping up capacity at its new terry towel facility which is expected to complete in FY22. It also reported a strong demand for bedding and bathing products during the quarter. In FY22 it will focus on deleveraging and improving its capital efficiencies. The Himatsingka Group is a vertically integrated home textile major with a global footprint. The group focuses on manufacturing, retailing and distribution of home textile products spread across Asia, Europe and North America.

Founded in 1985, the Himatsingka Group focuses on design and product development, best-in-class manufacturing processes and efficient supply chain capabilities to ensure the highest level of customer service in the industry.