Textiles firm Indo Count Industries declares Q4FY22 result: Achieved Volume Guidance for FY22 Achieved Revenue Guidance for FY22 Achieved Margin Guidance for FY22 with EBITDA margins at 19.3% Completed acquisition of GHCL home textile business on 2nd April’22 Highest Dividend declared @ Rs.2 per equity shares of Rs. 2 each @100% Despite logistical and supply chain related challenges and high inflation affecting discretionary purchases, we were able to meet our FY22 volume guidance of 75 million metres FY22 sales volume was 75.8 million metres, and Q4FY22 sales volume was 17.6 million metres We were able to achieve revenue growth of 17%, EBITDA growth of 39%, and PAT growth of 44% in FY22 due to better raw material hedging and higher contribution from value added products Commenting on the results, Mr. Anil Kumar Jain - Executive Chairman said, “We delivered growth despite covid-related impact, geopolitical disruptions, rising inflation, supply chain challenges, and peak raw material prices. During the year, we acquired the GHCL home textile business, propelling us to become the largest global bed linen manufacturer. Even though the industry is facing unusual hurdles, we remain optimistic about the Indian home textile industry's future growth prospects.” Result PDF
Textiles company Indo Count Industries declares Q3FY22 result: The industry has been witnessing headwinds related to shortages and unavailability of shipping containers, increase in freight costs and longer transit duration. The inflationary pressure on logistics and supply chain is likely to persist Since late November/December 2021, with the recurrence of third wave of pandemic across our key geographies like US, UK and Europe, we are witnessing lower demand. The intensity in the current month continues and that is reflected in the demand projections shared by our customers While there may be some short-term challenges, we remain positive about the demand scenario in the long run on the back of China + 1 strategy, the US prohibition on Xinjiang cotton, and government steps to support the Indian home textile export market Q3FY22 sales volume at 21.1 Mn meters and 9MFY22 sales volume at 58.1 Mn meters The current sales profile has seen a shift to better product mix, and we expect to achieve revenue guidance of approx. Rs. 3,000 Crs on an overall basis Strongly moving towards B2C and D2C segment through high quality product offerings across varied price points, building visibility through digital campaigns and leveraging omnichannel & e-commerce distribution Focus on Brand Promotion in US, UK, Middle-East and India through 10 active brands Innovation and technological capabilities along with licensed brands, patents, trademarks will further strengthen brand offerings Commenting on the results, Mr. Anil Kumar Jain, Executive Chairman said, “During the quarter, despite inflationary pressures, the Company has been able to maintain the margin profile. We continue to work towards strengthening our positioning in key markets globally backed by innovative designs, products and additional capacities. While the short-term headwinds may persist, we continue to be positive on the growth opportunities for the Indian home textile industry on a long-term basis.” Result PDF