Indo Count Industries Ltd

Indo Count Industries Limited (ICIL) reported Q1 FY27 results on an earnings call held on August 13, 2026. The company achieved its highest quarterly revenue to date, driven by strong performance across its core and new businesses. Core business revenue reached INR837 crores, up 4% sequentially, with volume growth of 12% compared to Q4 FY26. New business revenue, including utility bedding and branded products, reached INR387 crores, supported by new facilities and the Wamsutta brand launch. EBITDA improved to INR160 crores, a 38% increase sequentially, with margins rising to 13.1%. The company noted a temporary disruption at its Bhilad plant due to flooding but emphasized adequate insurance coverage and confidence in recovering lost production. Management highlighted growth in non-U.S. markets, supported by FTAs with the U.K. and EU, and reiterated FY27 guidance of INR5,500 crores revenue with 13% EBITDA margins. Strategic focus areas included sustainability, diversification, and expanding into e-commerce platforms. The company also mentioned ongoing discussions about potential U.S. tariff refunds but stated no material impact was expected in the near term. Forward-looking guidance included achieving INR1,500 crores in new business revenue by FY27 and INR8,000 crores in total revenue by CY2028.

The document emphasizes strong revenue growth, improved margins, and confidence in future performance, reflecting a positive tone.