Indo Count Industries (521016) Q3 25/26 earnings summary

Executive summary

• Q3FY26 performance remained stable overall as new businesses offset tariff-related pressure on core bed-linen revenue; volumes were maintained despite the 50% U.S. tariff regime.

• New businesses reached 20% of Q3 revenue mix, while non-U.S. core business contributed ~30% of overall revenue.

Financial highlights

• Q3FY26 total income was Rs. 1,074 crore, down 8.0% YoY and 0.7% QoQ.

• Consolidated Q3 revenue was Rs. 106,282.84 lakh versus Rs. 115,154.65 lakh; PBT was Rs. 3,349.69 lakh versus Rs. 9,486.10 lakh, and PAT was Rs. 2,442.91 lakh versus Rs. 7,077.26 lakh YoY.

• Consolidated 9M revenue was Rs. 3,08,367.23 lakh versus Rs. 3,12,882.81 lakh; PAT was Rs. 10,247.43 lakh versus Rs. 22,894.89 lakh YoY.

• Standalone Q3 revenue was Rs. 77,925.70 lakh versus Rs. 1,00,945.19 lakh; PAT was Rs. 2,527.39 lakh versus Rs. 6,692.61 lakh YoY.

Outlook and guidance

• Reaffirmed ambition to double revenue by 2028, with brands and utility bedding contributing ~ $275 million; growth combines core-business expansion with newer segments.

• U.S. utility-bedding manufacturing facilities are expected to reach aggregate revenue of $175 million over the next 3 years; the U.S. brand business has stated revenue potential of $100 million over the same period.

• Management expects momentum to improve as tariff uncertainty eases and the U.S. greenfield facility begins operations; trade deals may create opportunities in non-U.S. markets.