Total expense rose 7.43% to Rs 664.34 crore. Cost of material consumed rose 24.45% to Rs 452.72 crore while employee benefits expenses rose 4.71% to Rs 69.18 crore.

During Q4 FY22, capacity utilizations remained stable across the plants. "We however foresee reduction in capacity utilisation levels in the near term on account of the unprecedented levels of inflation and supply chain challenges that have impacted global demand for our class of products," the company said.

During the quarter, revenue streams from brands stood at Rs 548 crore vs Rs 565 crore during Q4 FY21 and Rs 556 crore during Q3 FY22.

Meanwhile, FY22 registered a stable operating performance despite high inflationary and supply chain challenges. For the full year, the company reported net profit of Rs 140.82 crore in the year ended March 2022 as against net loss of Rs 53.35 crore in the year ended March 2021. Net sales rose 40.99% to Rs 3183.95 crore in the year ended March 2022 over the year ended March 2021.

EBITDA for FY22 was Rs 549.92 crore vs Rs 303.17 crore FY21, up 81.4%. EBITDA margin for FY22 stood at 17.2% as against 13.3% in FY21.

The company said: "Although we expect inflationary headwinds to continue in the near term, our outlook on our industry and integrated business continue to be optimistic."

Shrikant Himatsingka, managing director & group CEO said: "We are pleased with our operating performance for FY22, that saw us achieve record Revenues of over ₹3,200 crores, despite the challenging operating environment that prevailed through the fiscal. Operating profitability remained under pressure given the unprecedented levels of inflation witnessed during the fiscal. We see near term challenges on the demand and inflation front and remain focussed on price optimization, cost rationalisation, and enhancing market share across key regions."

The board recommended final dividend of Rs 0.50 per share for the financial year 2021-22.

Himatsingka is an integrated textile group with a global footprint. The group designs, develops, manufactures and distributes a suite of textile products. On the manufacturing front, it operates amongst the largest capacities globally for producing bedding, bath, drapery & upholstery and yarn products. Spread across North America, Europe and Asia, the Group operates amongst the largest brand and private label portfolios in the textile space.