Textiles company Indo Count Industries announced Q2FY23 results: Registered YoY volume growth of 7% in H1FY23 and 8% in Q2FY23 Total income up by 6% in H1FY23 and 11% in Q2FY23 on YoY basis Healthy EBITDA margins of 16.6% in H1FY23 and 14.1% in Q2FY23 Launched Health & wellness licensed brand GAIAM in the USA Domestic brands Boutique living and Layers growing at good pace E-commerce business showing strong momentum Reduced net debt to Rs 762 crore (September 2022) from Rs 906 crore (March 2022) Anil Kumar Jain, Executive Chairman, said, "In midst of global challenges, we have continued to sustain the business momentum across markets and categories. Our several years of experience put us in an advantageous position to be able to manage our operations and working capital in an efficient manner. We strive to grow our business with continuous investments. Our relentless focus on existing and new customers post our acquisition and disciplined approach to creating customer-centric value-added solutions will help us maintain a leadership position.” Result PDF
Textiles firm Indo Count Industries Announced Q1FY23 Result : Completed the acquisition of Home Textiles business of GHCL Ltd. Indo Count becomes the Largest Global Home Textile Bed Linen Company Received Gold Trophy for the highest export performance 2020-2021 from TEXPROCIL Licensed brand, Jasper Conran launched Adopted a scientific approach in its journey for Climate action by joining global campaign led by SBTi Volumes 19.1 Mn Mtrs Total Income Rs. 722 Crs EBITDA Rs. 141 Crs EBITDA Margin: 19.5% PAT Rs. 77 Crs PAT Margin: 10.7% EPS: Rs. 3.91 Commenting on the results, Mr. Anil Kumar Jain - Executive Chairman said, “Despite challenging conditions including Inflationary environment in USA, sluggish customer off-take and a rise in overall input prices, we have achieved a leadership position and built a strong foundation. Our on-going initiatives on Branded businesses, B2C, D2C and Domestic market are bearing fruit. Also, our focus on value added products and customer services will provide us strategic advantage to sustain the future growth.” Result PDF