Indo Count Industries Limited has informed the Exchange about Transcript
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Indo Count reported Q1 FY26 total income of INR 967 crores, up 2% year-on-year but down 6% sequentially due to U.S. tariff disruptions. Sales volume fell 7% YoY to 23.6 million meters. EBITDA declined 23% YoY to INR 119 crores with margin contracting to 12.26% from 16.17%, though it expanded 372 basis points sequentially on cost-control measures. PAT halved to INR 38 crores (EPS INR 1.91) due to lower operating performance and higher depreciation from new facilities. The company relaunched the heritage Wamsutta brand in the U.S. via direct-to-consumer channel and reclassified its portfolio into core bed linen and new businesses (utility bedding and U.S. brands), with new businesses now contributing 13% of revenue versus 2% in FY23. Management committed to a 2x growth target, 16-18% EBITDA margin range once conditions normalize, and a $175 million revenue goal for utility bedding over three years. The company reduced debt by INR 60 crores in the quarter.
Near-term headwinds from escalating U.S. tariffs (rising to 50%) and 150-200 bps EBITDA pressure from new-business incubation are expected to persist through FY26, likely keeping margins and volumes subdued. However, the $175 million three-year utility bedding target, 16-18% margin aspiration, India-UK FTA benefit, and growing non-U.S. mix (now 30% of core) support a longer-term growth narrative that could cushion the stock against tariff-driven volatility.