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
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