• Largest exporter of bed linen from India
    Highest market share of bed linen in USA
  • Volume stood at 18.1 Mn Mts, a growth of 83%
  • Normalized total income stood at Rs. 709 crores, a growth of 111%
  • Normalized EBIDTA stood at Rs 128. Crores, a growth of 229%
  • PAT stood at Rs. 117 crores, a growth of 563%
  • EPS Rs. 5.95

Mumbai, August 3rd, 2021: Indo Count Industries Limited (BSE: 521016) (NSE: ICIL), announced its un-audited financial results for the First Quarter ended 30th June 2021.

Commenting on the results, Mr. Anil Kumar Jain, Executive Chairman said

“The results of the first quarter of FY22 demonstrate our unique strategic vision and the resilience of our Company’s operating performance, coupled with intuitive management.

We are witnessing a demand momentum in our end markets. We continue to remain laser focused on increasing our share in the global and domestic market.

As a leading Indian home textile brand and one of the largest international end to end bed linen providers, we are dedicated to our principles of community living and sustainability”

Volumes:

Sales Volume for Q1FY22 stood at 18.1 Mn Mtr V/s 9.9 Mn Mtr on Q1FY21

FY22: Volume Guidance of 85-90 Mn metres

Particulars (Rs. Crs) Q1FY22 Q1FY21 YOY% FY21
Total Income 759 336 126% 2,557
EBITDA 178 39 357% 415
EBITDA Margin (%) 23.4% 11.6% 1,184 bps 16.2%
Depreciation 10 11 43
Finance Cost 12 5 28
PBT 156 23 583% 340*
Tax 39 5 91
PAT 117 18 563% 249
EPS 5.95 0.91 12.70

Particulars (Rs. Crs) Q1FY22 Q1FY21 YOY% FY21
Normalized Total Income 709 336 111% 2,557
Normalized EBITDA 128 39 229% 415
Normalized EBITDA % 18.0% 11.6% 644 bps 16.2%

Normalized figures excludes RoSCTL benefits of Rs 49.99 Crores for the period of January 1, 2021 to March 31, 2021

PAT includes RoSCTL benefits of Rs 49.99 Crores for the period of January 1, 2021 to March 31, 2021

Strengthening Our Brands Through B2C and D2C

Partnership with British Designer Jasper Conran

  • Recently partnered with a licensed brand, Jasper Conran O.B.E. for an exclusive bed and bath collection, launching in Spring 2022. The range will be sold and marketed internationally under the Jasper Conran London brand, exclusively through Indo Count
  • The partnership will support Indo Counts long term vison to be the cornerstone for home textiles across the globe
  • Strongly moving towards B2C and D2C segment through high quality product offerings across varied price points, building visibility through digital campaigns and leveraging omni-channel & 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

Awards & Accolades

  • Recognized as ‘Top Performer’ suppliers at Walmart’s Global Sourcing Sustainability Summit
  • Honoured with the Navabharat Group ‘Healthcare CSR of the year’ award 2021. The recognition conferred to us by the Governor of Maharashtra, for our work towards Corporate Social Responsibility
  • ‘Boutique Living’ felicitated by The Economic Times as ‘ET ICONIC BRAND OF 2021’
  • ‘Layers’ recognized as ‘THE FEMINA POWER BRAND OF THE YEAR 2021’
  • Winner of 2 Gold Trophies at TEXPROCIL for the second consecutive year

o    Gold Trophy for the ‘Highest Export Performance in Cotton made ups-bed linen/bed sheets/quilts’

o    Gold Trophy for the ‘Special Achievement Award in Cotton made-ups’

Sustainability

  • ICIL is an official member of the U.S Cotton Trust Protocol
  • The US Cotton Trust protocol provides mills and manufacturers critical assurances they need to prove to their customers that they are an approved supply chain partner for brands and retailers who are sourcing more sustainably grown cotton