Indo Count Industries (521016) Q1 26/27 earnings summary

Executive summary

• Q1FY27 was a record quarter for consolidated revenue, with margin recovery and faster New Business growth supporting progress toward FY27 targets.

• Normalized U.S. tariff conditions and evolving trade agreements supported demand and order flow, while near-term global uncertainty remained.

Financial highlights

• Consolidated revenue from operations was ₹120,696.20 lakhs and total income ₹122,401.10 lakhs; Q1FY26 comparatives were ₹95,870.60 lakhs and ₹96,731.91 lakhs.

• Consolidated EBITDA was ₹160 crore, up 34.1% YoY, at a 13.1% margin; PBT was ₹8,350.94 lakhs and PAT ₹6,322.44 lakhs, up 65.2% and 62.0% YoY, respectively.

• Volume was 23.6 million meters versus 20.5 million a year earlier; easing U.S. tariff uncertainty and improved order flow supported the increase.

• Standalone revenue from operations was ₹81,943.66 lakhs and profit for the period ₹6,678.27 lakhs, versus ₹73,326.67 lakhs and ₹4,028.08 lakhs in Q1FY26.

• Consolidated total expenses were ₹114,050.16 lakhs, compared with ₹91,678.14 lakhs in Q1FY26.

Outlook and guidance

• FY27 targets: total income of ~₹5,500 crore, ~30%+ revenue growth and ~13% EBITDA margin; volume target is 105–110 million meters versus 94.1 million in FY26.

• FY27 turnover targets are ~₹4,000 crore for Core Business and ~₹1,500 crore for New Businesses, which are expected to double during the year.

• Longer-term ambition is to double revenue by 2028 over the FY25 base, with Utility Bedding and branded businesses contributing to growth.