Himatsingka Seide Ltd. — Earnings Release 2020

Nov 8, 2019

Himatsingka Seide Limited

10/24, Kumara Krupa Road, High Grounds, Bangalore - 560 001, India.

November 8, 2019

BSE Ltd Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001 Scrip Code: 514043

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

Dear Sirs,

Sub: Press Release.

We are enclosing herewith Press Release dated November 8, 2019.

This is for your information and record.

Thanking you,

Yours faithfully, For Himatsingka Seide Limited

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Company Secretary

Phone: +91-80-4257 8000 Fax: +91-80-4147 9384 Email : hslblr@himatsingka.com Website : www.himatsingka.com CIN : L 17112KA 1985PLC006647

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PRESS RELEASE Bengaluru, November 08, 2019

Himatsingka �

Consolidated PAT for Q2 FY 2020 stood at t34.08 Crores vs f52.73 Crores in Q2 FY 2019.

• Basic and Diluted Earnings per Share (EPS), before exceptional item, for Q2 FY 2020 stood at f4.14 vs f5.36 in Q2 FY 2019.

Basic and Diluted Earnings per Share (EPS for Q2 FY 2020 stood at f3.46 vs f5.36 in Q2 FY 2019.

CONSOLIDATED FINANCIAL HIGHLIGHTS FOR SIX MONTHS ENDED 30[th ] SEPT EM BER 2019

Consolidated Total Income for Ht FY20 stood at fl,297.96 Crores vs fl,300.27 Crores in Ht FY19.

• Consolidated EBITDA for Ht FY20 was f283.68 Crores vs f288.43 Crores in Ht FY19. In Ht FY20, EBITDA Margin stood at 21.9%.

• Consolidated EBIT for Ht FY20 declined marginally to f230.83 Crores vs tl35.87 crores in Ht FY19.

  • Consolidated PBT, before exceptional item, for Ht FY20 stood at U40.01 Crores vs fl58.65 Crores in Ht FY19. Consolidated PAT, before exceptional item, for HI FY20 stood at f85.97 Crores vs f97.31 Crores in Ht FY19.

  • Consolidated PAT for Ht FY20 stood at f79.33 Crores vs f97.31 Crores in HI FY19.

  • Basic and Diluted Earnings per Share (EPS), before exceptional item, for Ht FY20 stood at f8.73 vs f9.88 in HI FY19.

Basic and Diluted Earnings per Share (EPS) for Ht FY20 stood at f8.06 vs f9.88 in Ht FY19.

BUSINESS UPDATE FOR Q2 FY20

• Commenced Commercial production at the Green Field Terry Towel Plant as per schedule on October 3, 2019.

During the quarter, revenue streams from brands stood at f585 crores vs t567 Crores during Q2 FY 19.

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

"We are pleased to have commenced commercial production at our green field Terry Towel plant on schedule. We continue to focus on enhancing capacity utilization levels of our Bedding and Bath divisions while broadening our product assortments across markets."

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, Bath products, Drapery & Upholstery fabrics and 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

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PRESS RELEASE Bengaluru, November 08, 2019

Himatsingka $

in the home textile space. With a team of over 10,000 people, the Group continues to build capacities and enhance reach in the global textile space.

For more information, please contact:

Sachin Garg

Himatsingka Seide Ltd. Phone: +91-80-42578000 Email: invcs101 (himat ingka.com

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-looking statements. Himatsingka Seide Limited may.from time to time, make additional written and oral forward looking statements, including statements contained in the company's filings with the regulatory bodies and its reports to shareholders. The company assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors that may or may not be relevant.

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