Himatsingka Seide Ltd. — Earnings Release 2020

Aug 9, 2019

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

August 9, 2019

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

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

Dear Sirs,

Sub: Press Release - August 9, 2019

We are enclosing herewith press release dated August 9, 2019.

Please take the same on record.

Thanking you,

Yours faithfully, For Himatsingka Seide Limited

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

PRESS RELEASE Bengaluru, August 09 2019

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Himatsingka

Bengaluru, August 09 2019 - Himatsingka Seide, a part of the Himatsingka Group announced results for the quarter ended June 30, 2019, today.

Ql FY20 Total Revenue up 7.2% to f644.47 Crores

CONSOLIDATED FINANCIAL SUMMARY-Qt FY20

(Figures in f Crores, unless mentioned)

Totl Income	644.47	601.38	7 2%
EBITDA	143.08	134 30	6.5%
EBITDA Margin(%)	22.2%	22.%
EBIT	116.32	108.01	7.7%
EBIT Margin(%)	18.0%	18.0%
PBT	72.29	745	1.2%
PBT Margin(%)	11.2%	11.9%
PAT	45.25	44.57	1.5%
PAT Margin(%)	7.0%	7.4%

CONSOLIDATED FINANCIAL HIGHLIGHTS FOR THE QUARTER ENDED 30[th ] JUNE 2019

• Consolidated Total Income for Qt FY 2020 stood at ?644.47 Crores vs ?601.38 Crores in Qt FY 2019, an increase of7.2%.

• Consolidated EBITDA for Qt FY 2020 increased by 6.5% to n43.08 Crores vs f134.30 Crores in QI FY 2019. In QI FY 2020, EBITDA Margin stood at 22.2%.

• Consolidated EBIT for Ql FY 2020 was up by 7.7% to f116.32 Crores vs fl08.0l crores in Qt FY 2019.

• Consolidated PBT for QI FY 2020 stood at f72.29 Crores vs f71.45 Crores in Qt FY 2019.

• Consolidated PAT for Qt FY 2020 increased 1.5% to f45.25 Crores vs f44.57 Crores in Qt FY 2019.

• Basic and Diluted Earnings per Share (EPS) for Qt FY 2020 stood at N.60 vs f4.53 in Qt FY 2019.

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PRFSS RELU-\SE Bengaluru, August 09 2019

Himatsingka

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BUSINESS UPDATE FOR Qt FY20

Progress of trial production at our new Terry Towel facility is satisfactory. We are on course for commencing commercial production by the end of Q2 FY 20.

• Strengthened our brand portfolio by entering into an exclusive licensing agreement with the Iconix Brand Group for the Waverly brand. The licensing rights are for soft home products and pertains to the territory ofNorth America.

During the quarter, revenue streams from brands stood at ;!'573 crores vs ;!'510 Crores during QI FYI 9.

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

"The operating and financial performance for QI FY 20 has been stable. Our areas of focus for this fiscal will be enhancing capacity utilization levels at our Bedding and Bath facilities while diversifying our product categories across geographies and markets. On the Terry Towel project front, we are on course for commencing commercial production by the end of Q2 FY20."

About Himatsingka Group

The Himatsingka Group is a vertically integrated textile major with a global f tprint. 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 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: mvcs1orsh1mmsingkn.co111

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 'sjilings 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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