Indo Count Industries (521016) Q4 25/26 earnings summary

Executive summary

• FY26 consolidated total income was ₹4,211 crore, up 0.5% YoY; EBITDA fell 20% to ₹461 crore and PAT declined to Rs 12,667.62 lakh amid tariff and geopolitical pressure.

• New businesses reached ₹792 crore in FY26 versus ₹285 crore in FY25, lifting their revenue mix to 19% from 7% and offsetting softer core bed linen performance.

• FY27 guidance targets ~₹5,500 crore revenue and ~13% EBITDA margin, with new businesses expected to double year over year.

• Q4 FY26 consolidated PAT rose to Rs 2,420.19 lakh from Rs 2,104.94 lakh YoY; statutory auditors issued unmodified opinions on standalone and consolidated results.

Financial highlights

• FY26 volume was 94.1 million metres versus 106.4 million; total income was ₹4,211 crore versus ₹4,191 crore.

• FY26 EBITDA was ₹461 crore versus ₹577 crore, with an 11.0% margin versus 13.8%; consolidated PAT was Rs 12,667.62 lakh versus Rs 24,999.83 lakh.

• Q4 FY26 consolidated revenue from operations was Rs 1,05,767.65 lakh versus Rs 1,02,256.32 lakh; total income was Rs 1,08,772.16 lakh versus Rs 1,02,853.06 lakh.

• Q4 FY26 EBITDA rose 21.5% YoY to ₹116 crore, with margin improving to 10.7% from 9.3%; consolidated EPS was ₹1.22 versus ₹1.06.

• Standalone FY26 revenue from operations was Rs 3,09,837.44 lakh versus Rs 3,77,164.98 lakh; PAT was Rs 14,461.46 lakh versus Rs 23,721.59 lakh.

Outlook and guidance

• FY27 targets ~₹5,500 crore revenue, ~30%+ growth and ~13% EBITDA margin, with volume guided at 105–110 million metres.

• FY27 turnover targets are ~₹4,000 crore for the core business and ~₹1,500 crore for new businesses; new businesses are expected to double year over year.

• Growth plan includes record core-business sales volume, ~₹1,300 crore incremental FY27 revenue and a return toward normalized margins as new US units ramp.

• Aspiration is to double revenue by 2028 over the FY25 base, with brands and utility bedding contributing ~US$275 million.