Indo Count Industries Limited has informed the Exchange about Investor Presentation
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Indo Count Industries released its Q3 & 9M FY26 investor presentation showing significant profit pressure. Q3 FY26 total income fell 8% YoY to Rs. 1,074 Crs, with adjusted EBITDA margin contracting sharply by 348 bps to 10.4% and PAT plunging 65.5% YoY to Rs. 24 Crs. The decline was driven by US tariffs hurting the core bed linen business, a 10.5% drop in volumes, under-absorption of fixed costs, and incubation costs for new businesses. New businesses (Utility Bedding + USA Brand) grew to 20% of revenue, posting Rs. 210 Crs at a ~$100 Mn annualized run rate, and the new greenfield pillow facility in North Carolina commenced commercial production in January 2026 (third US facility). Management aspires to 2x revenue by 2028, with new branded and utility bedding segments targeted to contribute ~$275 Mn, and highlighted benefits from recent EU-FTA and US trade deals.
Near-term sentiment is likely weak given the steep YoY earnings decline and US tariff drag, but the EU and US trade deals easing uncertainty, the ramp-up of US manufacturing, and growing share of higher-value new businesses (20% of revenue) provide a clearer medium-term recovery path. Investors should track margin stabilization and traction in the branded/utility bedding segments over coming quarters.