Himatsingka Seide revenue falls 10.4% on US tariff uncertainties

Himatsingka Seide's Q1 FY '26 revenues declined 10.4% to INR 661 crores from INR 738 crores, primarily due to US tariff uncertainties.

The company is expanding beyond the US market, now serving 35 non-US jurisdictions to mitigate tariff impacts. India business targets INR 800-1,000 crores growth over the next few years.

Net debt decreased slightly to INR 2,405 crores from INR 2,425 crores. No client order cancellations occurred related to tariffs.