Indo Count Industries LimitedTextilesICIL
Q1 FY27 concall · earnings callIndo Count Industries Limited
The company delivered its highest-ever quarterly revenue, with strong growth in its new business and recovering EBITDA margins, positioning it well to meet its full-year guidance.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Total Income | ₹1,224 Cr | +13% QoQ growth | |
| EBITDA | ₹160 Cr | +38% QoQ growth | |
| EBITDA Margin | 13.1% | +241 bps improvement | |
| PAT | ₹63 Cr | +2.5x sequential increase | |
| Core Business Volume | 23 million meters | +12% QoQ growth | |
| Core Business Revenue | ₹837 Cr | +4% sequential growth | |
| New Business Revenue | ₹387 Cr | — |
Financials
From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹1,151.55 Cr+61.4% YoY+11.2% QoQ | ₹75.47 Cr+30% YoY-7.4% QoQ | ₹3.81+30% YoY-7.5% QoQ |
| Q2 FY25 | ₹1,035.85 Cr+2.7% YoY+10% QoQ | ₹81.54 Cr-28.6% YoY+4.8% QoQ | ₹4.12-28.6% YoY+4.8% QoQ |
| Q1 FY25 | ₹941.43 Cr+27% YoY-13.9% QoQ | ₹77.80 Cr+5.5% YoY-15.4% QoQ | ₹3.93+5.6% YoY-15.3% QoQ |
| Q4 FY24 | ₹1,093.26 Cr+35.5% YoY+53.2% QoQ | ₹91.94 Cr-2.9% YoY+58.4% QoQ | ₹4.64-2.9% YoY+58.4% QoQ |
| Q3 FY24 | ₹713.42 Cr+8.5% YoY-29.3% QoQ | ₹58.06 Cr+54% YoY-49.2% QoQ | ₹2.93+54.2% YoY-49.2% QoQ |
TL;DR
- Achieved highest ever quarterly revenue of INR1,224 crores, up 13% QoQ.
- New business revenue reached INR387 crores, nearly tripled over the past year.
- EBITDA margin improved to 13.1%, up 241 bps sequentially.
- Volume in core business grew 12% QoQ to 23 million meters.
- Confirmed FY27 guidance: INR5,500 crores revenue with ~13% EBITDA margins.
- Bhilad facility impacted by flooding, partially resumed; operations fully insured.
Said on the call
“We delivered our highest ever quarterly revenue, reflecting the growing scale and momentum across our businesses.”
From the Q&A
| Topic | What management said |
|---|---|
| Bhilad Plant Disruption | Facility impacted by flooding, partially resumed; management is confident of making up lost ground and serving all customer orders, as operations are fully insured. |
| Business Margins | Long-term target is ~15% for bed linen and utility bedding, with the brand business expected to be 100-200 bps better; currently, new facility gestation is impacting utility margins. |
| U.S. Tariff Refunds | No material financial benefit expected; 80% of exports are FOB (tariff borne by importer); discussions ongoing, greater clarity expected by year-end. |
| Core Business Realizations | Q1 realizations impacted by product mix; price increases negotiated with customers due to raw material inflation will reflect from Q2 onwards. |
| Non-U.S. Business Growth | Expect over 20% revenue growth in FY27 from non-U.S. markets, buoyed by FTAs; UK business is 8-10% of core, with increased customer engagement. |
| Interest Costs | Interest cost run rate is ~INR30 crores per quarter (~INR120 crores annual); weighted average cost is between 6% to 7%. |
| Utilization & Guidance | Utilization for utility bedding targeted at 60-65% for the year; confident in achieving FY27 volume guidance of 105-110 million meters and core revenue of ~INR4,000 crores. |
Guidance
- FY27 revenue target: INR5,500 crores with approximately 13% EBITDA margins.
- Core business volume guidance: 105 to 110 million meters.
- Core business revenue guidance: approximately INR4,000 crores.
- New business revenue target for FY27: INR1,500 crores.
- Non-U.S. market revenue expected to grow over 20% in FY27.
- Long-term revenue aspiration: INR8,000 crores by CY2028.
- New business ambition: USD275 million by 2028.
- Brand business target: USD100 million over the next three years.
Source
Summary written from the transcript filed by Indo Count Industries Limited for the call held on 13 Aug 2026; published 20 Aug 2026, 18:58 IST.
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