Web Exclusive | October 2016
Himatsingka plans Rs 1,300-cr expansion
Himatsingka will invest Rs 1,300 crore, in a phased manner starting this year, in order to augment its manufacturing capacities. These investments will aid in doubling the group’s sheeting capacity and help the process of backward integrating into ultra-fine count cotton spinning.
With over 10 brands, the Himatsingka group has among the largest portfolio of home textile brands with an annual throughput of over Rs 800 crore. It is a vertically integrated home textile group that manufactures, retails and distributes bedding, bath, drapery, upholstery and lifestyle accessory products.
On the manufacturing front, the group has given a boost to its performance by bringing in a new paradigm on efficiencies, productivity, and technology. On the global distribution front, it has been expanding its brand portfolio and thereby bringing more relevant and differentiated solutions to the global shelf. Himatsingka achieved revenues of Rs 1886 crore for FY’16. It has brought to market a DNA verified cotton value chain solution under the Pimacott brand.