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Himatsingka Seide shines as its arm inks license pact with fashion brand ‘kate spade new york’

09 Mar 2015

Himatsingka Seide is currently trading at Rs. 88.30, up by 3.45 points or 4.07% from its previous closing of Rs. 84.85 on the BSE.

The scrip opened at Rs. 84.00 and has touched a high and low of Rs. 92.10 and Rs. 82.50 respectively. So far 84420 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 105.90 on 12-Sep-2014 and a 52 week low of Rs. 54.10 on 07-Mar-2014.

Last one week high and low of the scrip stood at Rs. 92.10 and Rs. 81.20 respectively. The current market cap of the company is Rs. 878.73 crore.

The promoters holding in the company stood at 57.07% while Institutions and Non-Institutions held 15.55% and 27.38% respectively.

DWI Holdings, a subsidiary of Himatsingka Seide has signed a license agreement to manufacture and distribute the globally recognized ‘kate spade new york’ brand in North America and certain other geographies. The license agreement pertains to bedding and bath products.

The Himatsingka Group operates over 12 brands globally in the Home Textile space. Its brand portfolio includes marquee brands like Calvin Klein Home, Barbara Barry, Esprit, Bellora and atmosphere, among others. During FY 14, the group generated revenues of over Rs 600 crore from brands. The Group is exploring various initiatives to augment its brand portfolio and deepen the distribution network of these brands. These initiatives should potentially steer revenues from brands to approximately Rs 1,200 crore over the next two years.

Related Himatsingka Seide Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323