Indo Count Industries released its Investor Presentation for Q3 and 9M FY26, emphasizing significant strides in ESG performance, achieving an S&P Global ESG Score of 78/100. Key highlights include the commencement of the new USA greenfield pillow facility in January 2026, continued growth in New Businesses, and confidence in achieving the long-term vision of doubling revenues by 2028, driven by strategic trade deals like the EU-FTA and USA BTA.
Chairman’s Outlook on Transformative Developments
Executive Chairman Mr. Anil Kumar Jain highlighted the conclusion of trade deals with the EU and the USA as a transformative milestone for the Indian textile sector. The EU-FTA ensures duty-free textile exports to the EU, leveling the playing field, while the USA trade deal removes tariff uncertainty, providing long-term visibility. The company remains confident in achieving its long-term vision of doubling revenues by 2028.
Q3 & 9M FY26 Consolidated Financial Highlights
The third quarter saw Total Income at Rs. 1,074 Crs (down 8.0% YoY), with Adj. EBITDA at Rs. 112 Crs and a margin of 10.4%, reflecting the full impact of the U.S. tariff. PAT stood at Rs. 24 Crs. For the 9M FY26 period, Total Income was Rs. 3,123 Crs (down 1.2% YoY), and Adj. EBITDA was Rs. 354 Crs (down 33.6% YoY).
The New Business segment showed a positive trajectory, with revenue contribution growing to 20% in Q3FY26 from 17% in Q2FY26. This growth was driven by the Utility Bedding and USA Brand businesses, with the Utility Bedding segment recording Rs. 210 Crs in Q3FY26 (up ~16% QoQ).
ESG Commitment Elevated
Indo Count has significantly strengthened its ESG commitment, achieving an S&P Global ESG Score of 78 out of 100 for 2025, significantly above the industry average of 35. This score places the company in the top 3 percentile globally within the Textile, Apparel & Luxury Goods industry. Future targets include a 33% reduction in Scope 1 & 2 GHG emissions by 2030 and installing ZLD by 2030.
Strategic Expansion: Indo Count 2.0
Trade Deals & Global Growth
The presentation maps India’s key trade deals, including the anticipated USA BTA (2026) and EU FTA (2026). ICIL already maintains a presence in 50+ Countries across 5 Continents.
USA Business Acceleration
The strategic shift involves moving from White Labelling to a Branded Business model. The USA Brand Business is projected to drive significant top-line growth, targeting $100Mn revenue potential in the next 3 years through owned brands like Wamsutta and licensed brands like Tommy Hilfiger and Beautyrest.
The Utility Bedding business (part of New Business) utilizing three USA manufacturing facilities is expected to contribute approximately $175 Mn in revenue over the next 3 years.
Core Business Strength
The Core Bed Linen business maintains a capacity of ~153 mn meters, focusing on Bed Sheets, Fashion Bedding, and Institutional Bedding. The company aspires to achieve 2x Revenue by 2028, supported by a steady state growth in the core business alongside new segment contributions.
Sustainability in Raw Material Sourcing
Indo Count is dedicated to sustainable raw material sourcing through key initiatives:
- Project Gagan: Focused on implementing sustainable alternatives and strengthening the Better Cotton Initiative (BCI) supply chain, supporting 50,000+ farmers.
- Project Avani: Designed to strengthen the organic cotton supply chain.
- Project Prithvi: Dedicated to advancing regenerative agriculture, supporting cultivation across 7,396 acres.
Commitment to CSR Excellence
The company received numerous accolades, including the Vastra Ratna (Global Achiever) Award in October 2024 and the Gold Trophy by TEXPROCIL in May 2024 for Highest Export Performance. CSR efforts include significant contributions to Healthcare (treating 80,000+ patients via Mobile Vans) and Education (supporting 138+ schools with E-learning facilities).
Source: BSE
