Indo Count Industries Limited announced robust financial results for the second quarter and first half of FY27. Total income for Q2 FY27 surged by 57% year-on-year to INR1,699 crore, with EBITDA more than doubling to INR259 crore. For H1 FY27, total income grew 42% to INR2,923 crore, and consolidated EBITDA increased by 73% to INR420 crore. The company is well-positioned to exceed its full-year guidance.
Indo Count Industries Announces Strong Q2 and H1 FY27 Results
Indo Count Industries Limited has reported a strong performance for the second quarter (Q2) and the first half (H1) of the financial year 2027 (FY27), demonstrating significant year-on-year growth in both revenue and profitability. The company’s strategic investments and operational efficiencies have contributed to these impressive results.
Q2 FY27 Financial Highlights
In the second quarter of FY27, Indo Count Industries achieved a total income of INR1,699 crore, representing a substantial increase of 57% compared to INR1,082 crore in Q2 FY26. Sequentially, revenue grew by 39%. The company’s EBITDA for the quarter more than doubled to INR259 crore from INR123 crore in the previous year, with margins expanding to 15.3%, surpassing the full-year guidance of 13%. This performance was driven by market share gains, increased customer wallet share, and strong branded business momentum.
H1 FY27 Performance Overview
For the first half of FY27, the consolidated total income stood at INR2,923 crore, marking a 42% growth over INR2,049 crore in H1 FY26. The consolidated EBITDA for H1 FY27 grew by 73% to INR420 crore, with margins improving by 250 basis points to 14.4%. This improvement in profitability was attributed to higher capacity utilization, better cost absorption, and enhanced operational efficiencies across its facilities.
Core Business and New Ventures
The company’s core business performance was bolstered by an optimized product mix, market share gains, and increased wallet share from existing customers. Indo Count Industries is also expanding its presence across the home textile value chain through new business initiatives. New businesses contributed approximately 30% to the total income in Q2 FY27, with revenues of around INR502 crore. The expansion of the ‘Wamsutta’ brand into broader U.S. retail markets is a key strategic move aimed at enhancing brand visibility and reaching a wider consumer base.
Balance Sheet and Returns
Indo Count Industries continues to strengthen its balance sheet. Net debt has declined to INR518 crore as of September 2026, reaching its lowest-ever level. Cash and cash equivalents increased significantly. The company reported an annualized ROCE of 21.4% and ROE of 15.3%, reflecting improved capital efficiency and enhanced returns.
Guidance and Outlook
The company is confident in achieving its full-year FY27 targets. For the volumes, 51 million meters have been achieved, representing approximately 49% of the full-year guidance of 105-110 million meters. On the revenue side, the total income reached INR2,923 crore, approximately 53% of the INR5,500 crore guidance. The H1 FY27 EBITDA margin of 14.4% already exceeds the full-year guidance of 13%. Indo Count Industries anticipates exceeding its current year guidance for both top line and EBITDA.
Source: BSE
