Indo Count Industries Ltd. Results

H1FY25 Half Yearly Result Announced for Indo Count Industries Ltd.

Textiles company Indo Count Industries announced H1FY25 results Financial Highlights: Total Income: Rs 1,995 crore compared to Rs 1,780 crore during H1FY24, change 12%. EBITDA: Rs 166 crore compared to Rs 189 crore during H1FY24. EBITDA Margin: 15.9% for H1FY25. PBT: Rs 111 crore compared to Rs 151 crore during H1FY24. PAT: Rs 29 crore compared to Rs 37crore during H1FY24. EPS: Rs 4.12 for H1FY25. Other Highlights: Total Income for H1FY25 stood at Rs 1,995 crore; reflecting a growth of 12.1% YoY. Acquired U.S. based quilt and pillow manufacturer FLUVITEX USA, gaining entry into US utility bedding manufacturing. Acquired Modern Home Textiles, Inc., manufacturer of wide range of pillows and other filled products located at Phoenix, Arizona. Launched Fieldcrest & Waverly in the September US Market Week. CARE Ratings upgraded long term rating outlook from Stable to Positive. Anil Kumar Jain, Executive Chairman, Indo Count Industries, said: "We are pleased to report that our H1FY25 results have been encouraging, showcasing strong momentum across our business. While supply chain challenges persist, we remain confident in our growth trajectory. Through our strategic acquisitions, we have successfully established a manufacturing footprint in the US, marking the beginning of a new journey into the utility bedding segment. These opportunities are expected to drive long-term growth and will continue to yield positive results in the years to come. With our proactive acquisitions and strategic investments, we are confident in our ability to achieve remarkable success in coming years.”

Q1FY25 Quarterly Result Announced for Indo Count Industries Ltd.

Textiles company Indo Count Industries announced Q1FY25 results: Robust Volume Growth of 26% YoY at 25.3 million meters Robust Revenue Growth of 27% YoY at Rs 950 crore Sales Volume for Q1FY25 stood at 25.3 million Mtrs V/s 20.0 million Mtrs In Q1FY24, Growth of 26% Our FY25 volume guidance of 110-115 million Mtrs and Margin guidance of 16% - 18% remainsintact Maintained EBIDTA guidance despite higher expenses related to logistics and brand building FY25 Volume Guidance of 110-115 million. Mtrs. & Margin Guidance of 16%-18% on track Acquisition of US National Brand Wamsutta completed for Rs 85 crore via internal accruals Awarded Gold Trophy by TEXPROCIL for the fifth consecutive year for made-ups exports Commenting on the results Anil Kumar Jain, Executive Chairman said, “The company has achieved remarkable growth in both volume and value, despite facing geopolitical and logistical challenges. With both ongoing and new strategies progressing seamlessly as planned, we are on a path to robust growth. The company's long-term aspirations are becoming more solidified, reflecting a strong foundation for future achievements. A steadfast commitment to elevating each product category to new heights will ensure a bright and prosperous future.”

FY24 Annual Result Announced for Indo Count Industries Ltd.

Textiles company Indo Count Industries announced FY24 results: Volumes: 96.8 million Mtrs, up by 30% YoY Total Income: Rs 3,601 crore, up by 18% YoY EBITDA: Rs 603 crore, up by 24% YoY PAT: Rs 338 crore, up by 22% YoY Final Dividend @ Rs 2.20 per equity shares of Rs 2 each @110% Commenting on the results, Anil Kumar Jain, Executive Chairman, said, “Our company has demonstrated remarkable performance in FY24, as evidenced through our results. The strategic focus on moving towards value-added products through brands and distribution, leveraging capital allocation, optimizing operations and providing overall better solutions to the end customers has been instrumental in driving our growth. Moreover, concerted efforts to embed robust ESG practices across ecospace, with a strong emphasis on sustainability, reaffirms our dedication to responsible business conduct thereby helping us maintain leadership position.”

Q1FY24 Quarterly Result Announced for Indo Count Industries Ltd.

Textiles company Indo Count Industries announced Q1FY24 results: Sales volume for Q1FY24 stood at 20.03 million metres V/s 19.10 million metres in Q1FY23 Timely completion of capex - Globally largest bed linen company FY24 volume guidance of 85-90 million metres & margin guidance of 16-18% on track Total Income of Rs 747 crore in Q1FY24 compared to Rs 722 crore in Q1FY23 EBITDA of Rs 130 crore in Q1FY24 compared to Rs 141 crore in Q1FY23 PAT of Rs 74 crore in Q1FY24 compared to Rs 77 crore in Q1FY23 EPS of Rs 3.72 in Q1FY24 compared to Rs 3.91 in Q1FY23 Commenting on the results, Anil Kumar Jain - Executive Chairman said, “We have laid a strong foundation and are optimistic about the future. Going forward, as we capitalize on the demand in our largest market, we expect this to replicate in other geographies. The global economy is improving & the upcoming festive season is expected to fare better. With our capabilities and capacities along with the right product offerings Indo Count is on track to benefit from the growing opportunities in the Home Textile Industry.”