Indo Count Industries (521016) Q1 24/25 earnings summary

Executive summary

• Q1 FY25 volume rose 26% YoY to 25.3 million meters; consolidated total income was ₹94,996.60 lakh, EBITDA ₹154 crore and PAT ₹7,779.76 lakh.

• Growth was supported by existing and new customers, capacity utilization and China+1 sourcing opportunities, despite geopolitical and logistics challenges.

Financial highlights

• Consolidated total income was ₹94,996.60 lakh vs ₹74,668.68 lakh YoY; consolidated revenue was ₹94,142.84 lakh vs ₹74,142.82 lakh.

• EBITDA rose 18% YoY to ₹154 crore from ₹130 crore; reported margin was 16.2% vs 17.4%, down 128 bps.

• Consolidated PAT was ₹7,779.76 lakh vs ₹7,374.03 lakh; EPS was ₹3.93 vs ₹3.72.

• Consolidated PBT was ₹10,761.24 lakh vs ₹9,699.92 lakh; depreciation was ₹25 crore and finance cost ₹21 crore.

Outlook and guidance

• FY25 volume guidance remains 110–115 million meters and EBITDA margin guidance 16%–18%; management may revisit volume guidance as the year progresses.

• Revenue ambition is to double from ₹3,000 crore to ₹6,000 crore over three to four years, supported by capacity optimization and branded growth.

• Branded goods sales ambition is $100 million cumulatively across brands over three years; branded business margin guidance is 22%–24%.

• Wamsutta revenue may begin in Q4, with significant value and margin benefits expected from FY26 onward.