Himatsingka Seide : Consolidated Revenues for Q1 FY 2015 up by 5.2% to Rs. 502.68 crores - (07.08.2014)

PRESS RELEASE

Thursday, August 7 2014

CONSOLIDATED FINANCIAL PERFORMANCE (FOR THE QUARTER ENDED 30th June 2014)

• Cons olidated Revenues for Q1 FY 2015 up by 5.2% to Rs . 502.68 crores

• Cons olidated EB ITDA for Q1 FY 2015 up by 7.5% to Rs . 55.39 crores

• Cons olidated EB IT for Q1 FY 2015 up by 13.2% to Rs. 43.55 crores

• Cons olidated PAT for Q1 FY 2015 up by 30.3% at Rs . 21.55 crores

Consolidated Revenues grew by 5.2 % to Rs. 502.68 crores vs. Rs. 477.70 crores in the corresponding quarter of the previous year.
Consolidated EBITDA (including other income) grew by 7.5% and stood at Rs. 55.39 crores vs. Rs. 51.54 crores in the corresponding quarter of the previous year.
Consolidated EBIT grew by 13.2% and stood at Rs. 43.55 crores vs. Rs. 38.48 crores in the corresponding quarter of the previous year.
Consolidated PAT grew by 30.3% and stood at Rs. 21.55 crores vs. Rs. 16.54 crores in the corresponding quarter of the previous year

Manufacturing B us iness

Manufacturing Revenues represented by the Drapery/Upholstery and Bedding D ivis ions grew by 6.9 % to
Rs. 228.74 crores vs. Rs. 213.91 crores in the corresponding quarter of the previous year.

Re tail and Dis tribution B us iness North Ame rica

Distribution Revenues in North Amer ica from our pr ivate label lines and our portfolio of 6 brands inc luding Ca lvin K le in Home and Barbara Barry grew by 3.6% to Rs. 414.51 crores vs. Rs. 400.15 crores in the corresponding quarter of the previous year.

Europe

Retail and Distr ibution Revenues in Europe represented by the "Bellora" brand grew by 42.4% to Rs.
29.64 crores vs. Rs. 20.81 crores in the corresponding quarter of the previous year.

India / As ia

Retail Revenues in India / Middle East / South East Asia as represented through the Atmos phe re brand showed a growth of 12.7% to Rs. 12.39 crores vs. Rs. 10.99 crores in the corresponding quarter of the previous year.

PRESS RELEASE

Thursday, August 7 2014

Comme nting on the Company's pe rformance , Mr. Shrikant Himats ingka, Executive Director s aid:

"We continue to see consistent growth in Revenues and operating profits going forward. We feel confident of maintaining our growth trajectory and enhancing profitability across our manufacturing and distribution divisions."

About Himats ingka

The Rs. 2000 crore Himats ingka Group is a vertically integrated home textile major with a global footpr int. The Group focuses on the manufacture, retail and distr ibution of Home Textile products. On the manufacturing front, the Group operates amongst the largest capacities in the world for upholstery fabrics, drapery fabrics and bed linen products. Spread across Asia, Europe and North America, its retail and wholesale distr ibution divis ions carry some of the most prestigious brands in the Home Textile space and cater to Private Label programs of major retailers across these geographies.
With over 5000 people, the Group continues to expand its reach and build capacities in the Home Textile space.
www.himatsingka.com

Himats ingka Se ide Ltd.

10/24 Kumara Krupa Road,
High Grounds
Bangalore - 560001
Tel: [phone]
Fax: [phone]

For more information ple as e contact:

For Investors:

Mr. As hok Sharma

Asso. Vice President - Treasury, Taxation
& Company Secretary Himatsingka Seide Ltd. Phone: [phone]
Email: [e-mail]

For Media:

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Statements in this document relating to future status, events, or circumstances, including witho ut 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-look ing statements based on comme rcial 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, mak e additional written and oral forward look ing statements, including statements contained in the company's filings with the regulatory bodies an d 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.