Conference Call with Indo Count Industries Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
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.” Result PDF
Textiles company Indo Count Industries announced Q4FY23 & FY23 results: Achieved Volume of 74.7 million metres for FY23 is within Guidance Revenue for Q4FY23 & FY23 increased by 17.3% and 3.8% respectively Achieved EBITDA margin of 18.1% in Q4FY23 and 16.0% in FY23 Completion of Capex: Largest Global Bed Linen Player with a capacity of 153 million metres Our Domestic brand Layersrecognized as the FEMINA POWER BRANDS of the Year 2022-23 The Net Debt Equity Ratio has improved to 0.33 as of 31-03-23 from 0.57 as at 31-03-22 Final Dividend at Rs 2 per equity share of Rs 2 each at 100% Commenting on the results, Anil Kumar Jain - Executive Chairman said, “The company has demonstrated sustained performance despite a challenging global macro environment. With capacities in place, we have built a solid foundation and are confident of growing our market share. We are also growing our domestic brand business as the Indian economy is in a sweet spot. Our commitment towards ESG and sustainable initiatives are driving innovation, value creation, and providing us opportunities to scale up our customer services.” Result PDF