INDO COUNT INDUSTRIES LTD

Makes home textiles — bed sheets, pillowcases, quilts and utility bedding — primarily for retailers and brands in the United States, with growing access to the European Union under a recent FTA. Manufacturing is split across Indian facilities (including a spinning mill in Kolhapur and a finishing plant at Bhilad, Gujarat) and three US greenfield pillow plants in North Carolina; the latest was commissioned in Q3 FY26 with 18 million pillows of annual capacity, taking total US pillow capacity to 31 million units a year. The product mix splits into a 'core' home-textile business and a 'new business' bucket of utility bedding and US brand operations (Wamsutta relaunched as a D2C brand in July 2025, plus a Tommy Hilfiger licence), which together scaled from USD 33 million in FY25 to USD 90 million in FY26 and were running at a USD 100 million annualised rate in Q3 FY26. Revenue in FY26 was ₹4,141 crore at an EBITDA margin of 11.14%, weighed down by US tariff volatility that swung from 10% to 50% and back during the year. Materials are the biggest input cost at 41.4% of revenue, followed by other operating expenses at 32.4% and employee costs at 12.5%. FY27 capex is guided at ₹125–150 crore, including an ₹85 crore expansion of the Kolhapur spinning facility that raises installed spindle count from 70,000 to 94,000.