The Rs 2,000 crore Himatsingka group is a vertically integrated home textile major with a global footprint. The group is among the largest manufacturers of drapery, upholstery and bedding products in India. The manufacturing facilities are state-of-the-art and vertically integrated.
Himatsingka operates over 10global brands in the home textile space. Its portfolio includes marquee brands like Calvin Klein Home, Barbara Barry, Esprit, Bellora and Atmosphere. The group proposes to take new initiatives to augment its brand portfolio and expand the distribution network with a view to raising revenues from brands to a level of Rs 1,200 crores over the next two years.
Profit after tax grew by 10.5 per cent as compared to the previous year. North America is the largest overseas market for the group. This includes the US, Canada and Mexico. Revenues from these markets stood at 84.6 per cent of the consolidated revenues of the group in 2013-14. The private label distribution business grew 21.6 per cent and its branded business grew 11.40 per cent.
The company has embarked on a program to integrate its various businesses. It has successfully implemented the SAP ERP platform across all its manufacturing and retail locations in India and across its distribution locations in the US.