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Earnings Call

Indo Count Industries Earnings Call: Key Takeaways

Indo Count reported FY26 revenue of ₹4,211 cr, flat YoY despite US tariff headwinds. Strategy focuses on scaling utility bedding, US brands (Wamsutta relaunch), and non-US market diversification.

Why this was an Alfa AlertNot a filter event. FY26 performance met/stabilized vs FY25; FY27 growth guidance is 30%, below the >50% threshold for filter event status.
Highlights
Revenue growthFY26: ₹4,211 cr; FY27 Target: ₹5,500 cr.
MarginsTargeting 13% EBITDA in FY27, up from 11% in FY26.
Order bookStable; no customer loss or order cancellations in FY26.
Demand visibilityImproving as US tariff overhang eases; normalized inventory flow.
Management confidenceHigh; citing US tariff clarity and ramping utility bedding.

Growth

FY26 revenue grew 0.5% YoY; EBITDA declined to ₹461 cr with 11% margin vs 13.8% in FY25 due to incubation costs.

Outlook

FY27 guidance: ₹5,500 cr revenue (>30% growth), 13% EBITDA margin, and 105-110 million meter volume target. Planned capex of ₹250 cr.

Risks

US tariff volatility (now reduced), elevated raw material costs (cotton/yarn/energy), and potential global inflationary pressures.

Last quarter's promises, checked

Delivered

  • New business run rate USD 100mn → delivered ₹792 cr (= BEAT)
  • Net debt reduction vs March '25 → delivered ₹215 cr reduction (= BEAT)
  • US facility utilization 65% → delivered 60-65% (= BEAT)

Partly delivered

  • Revenue doubling by FY28 → delivered 0.5% YoY growth in FY26 (= PARTIAL)

Missed

  • EBITDA margin target 15-16% → delivered 11% (= MISS)
Source

Earnings Call filed with BSE, NSE: ICIL. Summary written with AI assistance from the document.

Read the document ↗

Indo Count Industries Ltd: key numbers

Share price
₹445.75
Market cap
₹8,828 Cr
Revenue (annual)
₹4,141 Cr
Net profit (annual)
₹126.7 Cr
P/E (TTM)
58.5×Sector 55.7×
Promoter holding
58.74%+0.00% QoQ
FII holding
10.14%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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21:51 IST BSE
Business Update

Indo Count Industries Business Update

Indo Count Industries has resumed operations at its Bhilad, Gujarat facility following a temporary disruption. The company anticipates no material financial impact from the incident.

14:29 IST BSE
Financial Results

Indo Count Industries Q1 FY27 Results: Net Profit ₹63.2 Cr, Up 62.1% YoY

Indo Count Industries Ltd reported revenue from operations of ₹1,207 Cr (+25.9% YoY) and net profit of ₹63.2 Cr (+62.1% YoY) for Q1 FY27.

Key figure
Net profit ₹63.2 Cr · +62.1% YoY