India's Himatsingka Seide slips on Q3 earnings decline

Himatsingka Seide

13/02/2025 09:31

** Shares of Himatsingka Seide Ltd  HMSD.NS  drop 3.9% to
137.74 rupees
    ** Textiles firm reported 30% drop in Q3 profit on
Wednesday, hurt by recalibration of some of its brands that led
to lower production of its sheets and towels
    ** HMSD's rev dropped 4.4% in Q3
    ** Stock drops for 6th straight session, losing 17% in that
period; set for longest losing-run since end-Sept 2024
    ** HMSD down ~27% YTD vs 12.4% rise in 2024


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))