Indo Count Industries Ltd. share price target

Traction in overall performance; expect re-rating

Volumes hit, acquisition-related spends affect margin

Growth levers in place; industry tailwinds to support

All stars aligning; valuation re-rating on cards

Demand stays in check despite supply chain led disruptions

Volume guidance revised upwards; better H2 expected

Utilization of low cost inventory restricts margin decline

Growth takes a pause; US holiday sales demand awaited

Steady numbers; FY22E volume guidance reduced

Volumes declined 12% YoY to 21.1 million metre on account of unprecedented supply chain challenges and lower demand in key geographies on account of third wave of pandemic. Judicious price hikes and better product mix translated into average realisations increasing by 9% YoY to | 344/metre. Revenue de-grew 3% YoY to | 756.4 crore Conscious effort to sell value added products has allowed the company to combat inflationary pressure and maintain 50%+ gross margins (up 380 bps...

Acquisition at reasonable valuations provides comfort

Acquisition to aid aspiration of market share gain. exporter with an extensive product range which spans across bed sheets, quilts and bed linen. It has a presence in top 9 out of 10 top big box retailers in USA Indo Count is an integrated bedding solution provider, boasting capacity of...

ICIL reported volumes of 18.9mn metres during the quarter (decline of 17% YoY).