Himatsingka Seide Ltd, an integrated textile group with a global footmark, sees heavy demand for home textile products across segments and markets despite the lockdowns, Covid-19-led disturbance, regulatory unreliability, and rise in raw material prices.
KP Rangaraj, President- Finance & Group CFO, told analysts, “We were grateful with our operating performance during the second half of FY2021 on account of better capacity utilization and order books. The excess demand for home textile products continues to be heavy across segments and markets.”
He further said, “The Company has a strong order book for FY22. The capacity utilization levels at our bedding and terry towel facilities have increased and are expected to continue to improve in FY22 on the back of strong order books.” On capacity utilization, Rangaraj said, “Our capacity utilization levels for manufacturing facilities during Q4 FY21 have been good and are as follows: Sheeting division clocked 76 percent capacity utilization in Q4 vs 71 percent capacity utilization in Q3. Terry towel division clocked 63 percent capacity utilization in Q4 vs 45 percent capacity utilization in Q3. The spinning division continued with 101 percent capacity utilization and pretty much the same in Q3.”
