Himatsingka Seide Ltd. — Earnings Release 2022

May 30, 2022

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REF: HSL/SEC/2022/20

May 30, 2022

To The Deputy Manager Department of Corporate Services BSE Ltd. PJ Towers, Dalal Street Mumbai -400001 Script Code: 514043	To The Manager National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, G Block Bandra-Kurla Complex, Bandra (E), Mumbai 400051 Symbol: HIMATSEIDE

Dear Sir/Madam,

Sub: Press Release – May 30, 2022

We are enclosing herewith Press Release dated May 30, 2022.

Please take the same on record.

Thanking you,

Yours faithfully, For Himatsingka Seide Limited

Digitally signed by SRIDHAR SRIDHAR MUTHUKRISHNAN MUTHUKRISHNAN Date: 2022.05.30 20:08:11 +05'30'

Sridhar Muthukrishnan Company Secretary

Himatsingka Seide Limited

Registered Office: 10/24 Kumara Krupa Road High Grounds, Bangalore 560 001, India T +91 8o 2237 8000, F +91 Bo 4147 9384 E hslblr@himatsingka.com CIN L17112KA1985PLC006647 www.himatsingka.com

PRESS RELEASE Bengaluru, May 30, 2022

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Bengaluru, May 30, 2022 - Himatsingka Seide Ltd. announced its financial results for the quarter and financial year ended March 31, 2022, today.

FY22 Total Revenue Up 41.0% Y-o-Y to ₹3,203.57 Crores

Q4 FY22 Total Revenue Up 3.6% Y-o-Y to ₹774.80 Crores

CONSOLIDATED FINANCIAL SUMMARY – Q4 FY22 & FY22

(Figures in ₹ Crores )

Particulars	Q4 FY22	Q4 FY21	Y-o-Y **% Change **	Q3 FY22	Q-o-Q **% Change **	FY22	FY21	% Change
Total Income	774.80	748.04	3.6%	792.68	-2.3%	3,203.57	2,272.53	41.0%
EBITDA	110.46	129.66	-14.8%	131.76	-16.2%	549.92	303.17	81.4%
EBITDA Margin (%)	14.3%	17.3%	-300bps	16.6%	-236	17.2%	13.3%	390bps
EBIT	70.49	92.23	-23.6%	91.57	-23.0%	391.49	150.72	159.8%
EBIT Margin (%)	9.1%	12.3%	-323bps	11.6%	-245	12.2%	6.6%	560bps
PBT	20.47	52.68	-61.1%	43.83	-53.3%	210.32	-26.48	-
PBT Margin (%)	2.6%	7.0%	-440bps	5.5%	-289	6.6%	-1.2%	-
PAT	8.04	37.57	-78.6%	27.05	-70.3%	140.82	-53.35	-
PAT Margin (%)	1.0%	5.0%	-398bps	3.4%	-237	4.4%	-2.3%	-

CONSOLIDATED FINANCIAL HIGHLIGHTS FOR THE YEAR ENDED MARCH 31, 2022

• Consolidated Total Income for FY22 stood at ₹3,203.57 Crores vs ₹2,272.53 Crores in FY21. This represents an increase of 41.0% Y-o-Y.

• Consolidated EBITDA for FY22 was ₹549.92 Crores vs ₹303.17 Crores FY21. The EBITDA Margin for FY22 stood at 17.2%.

• Consolidated EBIT for FY22 stood at ₹391.49 Crores vs ₹150.72 Crores in FY21, an increase of 159.8%.

• Consolidated PBT for FY22 stood at ₹210.32 Crores vs a loss of ₹26.48 Crores in FY21.

• Consolidated PAT for FY22 was ₹140.82 Crores vs a loss of ₹53.35 Crores in FY21.

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PRESS RELEASE Bengaluru, May 30, 2022

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CONSOLIDATED FINANCIAL HIGHLIGHTS FOR THE QUARTER ENDED MARCH 31, 2022

• Consolidated Total Income for Q4 FY22 stood at ₹774.80 Crores vs ₹748.04 Crores in Q4 FY21. This represents an increase of 3.6% Y-o-Y.

• Consolidated EBITDA for Q4 FY22 was ₹110.46 Crores vs ₹129.66 Crores in Q4 FY21. The EBITDA Margin for Q4 FY22 stood at 14.3%.

• Consolidated EBIT for Q4 FY22 stood at ₹70.49 Crores vs ₹92.23 Crores in Q4 FY21.

• Consolidated PBT for Q4 FY22 stood at ₹20.47 Crores vs ₹52.68 Crores in Q4 FY21.

• Consolidated PAT for Q4 FY22 was ₹8.04 Crores vs ₹37.57 Crores in Q4 FY21.

BUSINESS UPDATE

• FY22 registered a stable operating performance despite high inflationary and supply chain challenges.

• During Q4 FY22, capacity utilizations remained stable across the plants. We however foresee reduction in capacity utilisation levels in the near term on account of the unprecedented levels of inflation and supply chain challenges that have impacted global demand for our class of products.

• During the quarter, revenue streams from brands stood at ₹548 crores vs ₹565 crores during Q4 FY21 and ₹556 Crores during Q3 FY22. For FY22, total revenues from brands stood at ₹2,260 crores compared to ₹1,798 Crores in FY21.

• Inflation on the raw material, energy and supply chain fronts have had an adverse impact on the operating profitability of FY 22. This impact has been heightened during H2 FY22 and while we have partially mitigated this impact with YoY volume growth and price increases, the unprecedented levels of inflation have not been fully absorbed.

• Although we expect inflationary headwinds to continue in the near term, our outlook on our industry and integrated business continue to be optimistic.

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PRESS RELEASE Bengaluru, May 30, 2022

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

“We are pleased with our operating performance for FY22, that saw us achieve record Revenues of over ₹3,200 crores, despite the challenging operating environment that prevailed through the fiscal. Operating profitability

remained under pressure given the unprecedented levels of inflation witnessed during the fiscal. We see near term challenges on the demand and inflation front and remain focussed on price optimization, cost rationalisation, and enhancing market share across key regions.”

About Himatsingka Group

Himatsingka is an integrated textile group with a global footprint. The group designs, develops, manufactures and distributes a suite of textile products. On the manufacturing front, it operates amongst the largest capacities globally for producing Bedding, Bath, Drapery & Upholstery and Yarn products. Spread across North America, Europe and Asia, the Group operates amongst the largest brand and private label portfolios in the textile space. With a team of over 12,000 people, Himatsingka continues to build capacities and enhance reach across global markets.

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PRESS RELEASE Bengaluru, May 30, 2022

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QUARTER ENDED MARCH 31, 2022 EARNINGS CALL INVITE

Himatsingka would like to invite you for the quarter and financial year ended March 31, 2022 earnings call on Tuesday, 31[st] May 2022 at 16:00 Hrs IST.

THE MANAGEMENT TEAM WILL BE REPRESENTED BY:

• Mr. Shrikant Himatsingka (Managing Director and CEO),

• Mr. K P Rangaraj (President – Finance and Group CFO),

• Mr. Dilip Panjwani (Exec. VP & CFO - Strategic Finance), and

• Mr. Sachin Garg (SVP – Strategic Finance)

The teleconference will be moderated by Batlivala & Karani Securities.

CONFERENCE CALL DETAILS

Date: Tuesday, 31[st] May 2022

Time: 16:00 Hrs IST

DIAL-IN NUMBERS

Primary Access:	+91-22-6280 1222 / +91-22-7115 8123
International Toll Free:	USA: 1 866 746 2133
	UK: 0 808 101 1573
	Singapore: 800 101 2045
	Hong Kong: 800 964 448

DIAMOND PASS LINK:

Diamond Pass Link

For more information, please contact:

Sachin Garg Himatsingka Seide Ltd. Phone: +91-80-42578000 Mobile: +91-99625 45467 Email: investors@himatsingka.com

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