Indo Count Industries Q2FY22: Reports Highest Ever Yearly Revenue & EBITDA

* Total Income Rs. 1,476* Crs +39%

* EBITDA RS. 267* Crs +61%

* PAT Rs. 202 Crs +105%

Indo Count Industries Limited (BSE: 521016) (NSE: ICIL), announced its un-audited financial results for the Second Quarter ended 30th September 2021.

H1FY22 Performance Highlights:

Total Income Rs. 1,476* Crs +39%

EBITDA RS. 267* Crs +61%

PAT Rs. 202 Crs +105%

EPS Rs. 10.24

ROE* 22.8%

ROCE* 26.1%

Commenting on the results, Mr. Anil Kumar Jain, Executive Chairman said, “The Company’s intrinsic strength has been demonstrated by its operational performance in conjunction with consistent cash accruals.

The unprecedented supply chain challenges have been impacting the industry pervasively. At Indo Count, we have been able to arrest cost inflation through various measures and our dynamic approach is helping the Company to progress in response to market developments and pave the way for future growth.”

Volumes

Q2FY22 sales volume at 18.9 Mn meters and H1FY22 sales volume at 37 Mn meters

10% of Q2FY22 volumes has been shipped and in transit due to longer shipping duration thereby impacting sales volume for the quarter

* Despite challenges on increase in overall input costs, rising freight costs, unavailability of shipping containers and longer transit duration and Increase in Working capital due to investment in supply chain, the Company has been able to achieve Highest ever half yearly REVENUE and EBITDA

* The Company is optimistic to achieve revenue of Rs.3,200+ Crores.

Focus on B2C and D2C

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

The prestigious Mahatma Award 2021 India was conferred to Indo Count Foundation under CSR Excellence Category

Recognized as ‘Top Performer’ suppliers at Walmart’s Global Sourcing Sustainability Summit

Winner of 2 Gold Trophies at TEXPROCIL for the second consecutive year

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

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

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

About Indo Count Industries Ltd.

Indo Count Industries Ltd (ICIL), is one of India’s largest Home Textile manufacturers. Mr. Anil Kumar Jain, Executive Chairman, has been ranked 10th amongst the India’s Best Top 100 CEO’s 2017 by Business Today. Under his leadership, the Company has focused on some of the world’s finest fashion, institutional and utility bedding & sheets and has built significant presence across the globe. Over the years, the Company has successfully carved out a niche for itself and has become a total bedding resource. The company’s annual capacity is 90 million metres. CARE’s credit rating is CARE A+ (Single A Plus; Outlook: Positive) for Company’s Long-Term Bank Facilities and CARE A1+ (A One plus) for Short Term Bank Facilities. ICRA’s credit rating is ICRA A+ (Single A plus; Outlook Positive) for Company’s Long-Term Bank Facilities and ICRA A1+ (A one plus) for Short Term Bank facilities.