Himatsingka Seide Ltd. — Earnings Release 2019

Nov 5, 2018

Himatsingka Seide Limited 10/24, Kumara Krupa Road, High Grounds, Bangalore • 560 001, India.

Ref: SEC:0001 :2: 1156:KGN

November 5, 2018

BSE Ltd Phiroze Jeejeebhoy Towers Dalal Street Mumbai • 400 001

National Stock Exchange of India Ltd Exchange Plaza, 5[th ] Floor, Plot No. C/1 G Block, Bandra-Kurla Complex, Sandra (E) Mumbai• 400 051

Dear Sirs,

Sub: Press Release.

We are enclosing herewith press release dated November 5, 2018.

This is for your information and record.

Thanking you,

Yours faithfully, For Himatsingka Seide Limited

harma ompany Secretary

Encl: as above.

Phone: +91-80-4257 8000 Fax: +91-80-4147 9384 Email: hslblr@himatsingka.com Website: www.himatsingka.com CIN: L17112KA1985PLC006647

PRESS RELEASE Bengaluru, November 05, 2018

Himatsingka

• Bengaluru, November 05 2018 Himatsingka Seide, a part of the Himatsingka Group announced its Q2 FYI 9 results, today.

Q2 FY19 Total Income at � 698.89 Crores, up 18.0% Y-o-Y Q2 FY19 PAT at� 52.73 Crores, up 4.3% Y-o-Y

CONSOLIDATED FINANCIAL SUMMARY- Q2 FY19 and Ht FY19

(Figures in t Crores, unless mentioned)

Total Income698.89592,27EBITDA (excluding non-recurring expense)154.13113.22EBITDA Margin(%)22.1%19.1%EBIT (excluding non-recurring expense)127.8695 56EBIT Margin(%)18.3%16.1%PBT (excluding non-recurring expense)87.2070.65PBT Margin(%)12.5%11.9%PAT52.7350 56PAT Margin(%)7.5%8 5%Cash Proft79.0068.21	18.00%1,300.271,107.4317.%36.1% I295.43225.3731.1%22.7%20,4%33.8%242.86190.7127.3%18.7%17.2%23.%165.65140.5817 8%12.7%12.7%4.3%97.30101.19-3.8%7.5%9.1%15 8%149.86135,8410.3%

CONSOLIDATED FINANCIAL HIGHLIGHTS FOR Q2 FY19

Consolidated· Total Income for Q2 FY19 stood at f 698.89 Crores vs f 592.27 ·Crores in Q2 FY18, up by 18.0%.

Consolidated EBITDA for Q2 FY19 increased by 36.1 % to f 154.13 Crores vs f 113.22 Crores in Q2 FY18.

EBITDA Margin stood at 22.1 %, an increase of294 bps compared Q2 FY18.

Consolidated EDIT for Q2 FY19 was up by 33.8% to f 127.86 Crores vs f 95.56 Crores in Q2 FY18.

Consolidated PBT for Q2 FY19 was up by 23.4% to f 87.20 Crores vs f 70.65 Crores in Q2 FY18.

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PRt.SS kELEI\Sl Bengaluru, November 05, 2018

Himatsingka

Consolidated PAT for Q2 FY19 was up by 4.3% to f 52.73 Crores vs f 50.56 Crores in Q2 FY18.

Basic and Diluted Earnings per Share (EPS) for Q2 FY19 stood at f 5.36 vs f 5.14 in Q2 FY18.

• Consolidated Cash Profit for Q2 FY19 was up by 15.8% to f 79.00 Crores vs f 68.21 Crores in Q2 FY18.

CONSOLIDATED FINANCIAL HIGHLIGHTS FOR HI FYl9

• Consolidated Total Income for HI FY19 stood at f 1,300.27 Crores vs f 1,107.43 Crores in HI FY18, up by 17.4%.

Consolidated EBITDA (excluding non-recurring expense) for Hl FY19 increased by 31.l % to f 295.43 Crores vs f 225.37 Crores in Hl FY18.

EBITDA Margin stood at 22.7%, an increase of237 bps compared HI FY18.

• Consolidated EBIT (excluding non-recurring expense) for Hl FY19 was up by 27.3% to f 242.86 Crores vs f 190.71 Crores in HI FY18.

• Consolidated PBT (excluding non-recurring expense) for Hl FY19 was up by 17.8% to f 165.65 Crores vs f 140.58 Crores in Hl FY18.

Consolidated PAT for HI FY19 was down by 3.8% to f 97.30 Crores vs f 101.19 Crores in Hl FY18.

Basic and Diluted Earnings per Share (EPS) for Ht FYt9 stood at f 9.89 vs f 10.28 in Hl FY18.

• Consolidated Cash Profit for Ht FY19 was up by 10.3% to f 149.86 Crores vs f 135.84 Crores in HI FY18.

Commenting on the Company's performance, Mr. Shrikant Himatsingka, Managing Director & Group CEO said:

"We are pleased with our Q2 FYI 9 financial and operating performance. We clocked new highs on the revenue, EBITDA an PAT fronts. We remain focused on sweating manufacturing capacities, commissioning the new Terry Towel facility on schedule and enhancing market share across product categories and geographies we operate in."

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PRf:SS RELf:ASE: Bengaluru, November 05, 2018

Himatsingka

BUSINESS UPDATE FOR Q2 FY 19

• The integration of recently acquired brand licenses is progressing well. The revenue uptick is visible, however, the manufacturing integration is underway. As indicated earlier, we expect the integration exercise to continue through the end of FYI 9.

• The operating progress of the new Spinning Unit has been satisfactory and the performance parameters are now aligned with our expectations.

• The construction of the Greenfield Terry Towel facility is progressing as per schedule and the plant is expected to come on stream during HI FY20, as communicated earlier. The facility will have an installed capacity of25,000 Tonnes per Annum (TPA).

• The utilization levels at our Sheeting facility remained stable during the quarter and we expect utilization levels to be range bound during the H2 FYI 9 as well.

• Revenue contribution from brands continued its upward trend in Q2 FYI 9. During the quarter, revenue from brands stood at t567 Crores.

About Himatsingka Group

The Himatsingka Group is a vertically integrated textile major with a global footprint. The Group focuses on the manufacture, retail and distribution of Home Textile products. On the manufacturing front, the Group operates amongst the largest capacities in the world for producing Bedding products, Terry Towels, Drapery & Upholstery fabrics and Ultra-Fine count Cotton Yam. Spread across North America, Europe and Asia, the Group's retail and wholesale distribution divisions own and or license among the largest brand portfolios in the home textile space and cater to private label requirements of major retailers across geographies.

For more information please contact:

Sachin Garg

A VP-Finance (Treasury and Investor Relations) Himatsingka Seide Ltd. Phone: +91-80-42578000 EII)ail: inves ors m)1i111a1si11gka.cnrn

Disclaimer:

Statements in this document relating to future status, events, or circumstances, including without limitation statements about plans and objectives, the progress and results of research and development, potential product characteristics and uses, product sales potential and target dates for product launch are forward-looking statements based on commercial estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may materially differ from those anticipated in such forward­ lnnking statements. Himatsingka Seide Limited may, from time to time, make additional written and oral forward looking statements, including statements contained in the company 'sfilings with the regulatory bodies and its reports lo shareholders. The company assumes no obligation lo update forward-looking statements lo reflect actual results, changed assumptions or other factors that may or may not be relevant.

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