Q1 2025 Himatsingka Seide Ltd Earnings Call Transcript
Key Points
- Stable demand environment and range-bound operating performance.
- High capacity utilization in the Spinning division at 99%.
- Expansion into the Indian market with three brands: Himeya, Atmosphere, and Liv.
- Presence in over 2,400 points of sale across 29 states and 350 cities in India.
- Optimistic outlook for achieving high utilization levels (over 90%) in the next 12 to 18 months.
- Sheeting and Terry divisions have lower utilization levels at 66% and 67%, respectively.
- Gross debt remains high at INR 2,794 crores.
- EBITDA margins are expected to remain range-bound between 18% and 22%.
- Increased absolute debtors over the last three years, leading to higher working capital requirements.
- Challenges in reducing working capital congestion and improving debtor and inventory management.
Ladies and gentlemen, good day, and welcome to Himatsingka Seide Limited Q1 FY25 earnings conference call hosted by Elara Securities Private Limited. (Operator instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Prerana Jhunjhunwala from Elara Securities Private Limited. Thank you, and over to you, ma'am.
Thank you, Yusef. Good evening, everyone. On behalf of Elara Securities India Private Limited, I would like to welcome you all for Q1 FY25 post results conference call of Himatsingka Seide Limited. Today, we have with us the senior management of the company, including Mr. Shrikant Himatsingka, Executive Vice Chairman and Managing Director; Mr. Shankaranarayanan M., President, Finance, and Group CFO; and Ms. Shilpa Shanbhag, who is VP, Strategic Finance.
I would now like to hand over the call to Mr. Shrikant Himatsingka for opening remarks. Thank you, and over to you, sir.
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