Indo Count Industries Ltd
NSE:ICIL
Indo Count Industries Ltd
Indo Count Industries Ltd. engages in the manufacturing and export of bedding, quilts, pillows, sleeping bags; and offers preparation and spinning of cotton fibers. The company is headquartered in Mumbai, Maharashtra. The firm is involved in the manufacture of bedding, quilts, pillows, sleeping bags, and preparation and spinning of cotton fibers, including blended cotton. The firm's product offering comprises premium products including bed sheets, fashion bedding, utility bedding and institutional bedding. The firm also manufactures and exports bed sheets, bed linen and quilts. The firm's brands include Wholistic, Sleep Rx, Pure Earth, Boutique Living, Layers, Revival, Pure Collection, Haven, Simply-put and Color Sense. The company also sells products online through e-retailers. The firm has manufacturing factories located in Kolhapur, Maharashtra.
Indo Count Industries Ltd. engages in the manufacturing and export of bedding, quilts, pillows, sleeping bags; and offers preparation and spinning of cotton fibers. The company is headquartered in Mumbai, Maharashtra. The firm is involved in the manufacture of bedding, quilts, pillows, sleeping bags, and preparation and spinning of cotton fibers, including blended cotton. The firm's product offering comprises premium products including bed sheets, fashion bedding, utility bedding and institutional bedding. The firm also manufactures and exports bed sheets, bed linen and quilts. The firm's brands include Wholistic, Sleep Rx, Pure Earth, Boutique Living, Layers, Revival, Pure Collection, Haven, Simply-put and Color Sense. The company also sells products online through e-retailers. The firm has manufacturing factories located in Kolhapur, Maharashtra.
Trade Deals: India finalized trade agreements with both the US and Europe, giving Indo Count duty-free access and easing tariff uncertainty. Management expects significant long-term benefits from these developments.
Stable Volumes: Despite a challenging tariff environment, Q3 sales volumes remained stable compared to the previous quarter, with no substantial impact on volumes.
Revenue and Margins: Total income held steady at INR 1,074 crores in Q3, but reported EBITDA and margins declined sequentially due to tariffs and higher labor costs.
New Business Growth: The new US-based bedding business doubled revenues year-on-year and contributed 20% to the top line, reaching an annualized run rate of nearly $100 million.
US Manufacturing: Commercial production began at a new North Carolina facility, increasing total US pillow capacity to 31 million units per year.
Margin Outlook: Management expects margin pressure to gradually ease as trade agreements are implemented, with a target to return to 15%-16% EBITDA margins.
Debt Reduction: Net debt decreased by INR 215 crores since March 2025, and further reductions are expected as investments peak.
Revenue Doubling Target: Company reiterated its goal to double revenues by FY 2028, supported by new businesses and geographic diversification.
