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    IndoCount Press Release 4QFY24

    Uploaded by

    Anand Srinivasan

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    IndoCount Press Release 4QFY24

    Uploaded by

    Anand Srinivasan
    21 views7 pages

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    21 views7 pages

    IndoCount Press Release 4QFY24

    Uploaded by

    Anand Srinivasan

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 7

    Ref No.

    : ICIL/20/2024-25 May 27, 2024

    National Stock Exchange of India Ltd. BSE Limited


    Listing Department Department of Corporate Services
    Exchange Plaza, Floor 25, Phiroze Jeejeebhoy Towers,
    Bandra Kurla Complex, Bandra (East), Dalal Street,
    Mumbai – 400 051 Mumbai – 400 001

    Company Symbol : ICIL Scrip Code No. : 521016

    Subject: Press Release on Q4 & FY24 Results

    Dear Sir/Madam,

    Please find enclosed herewith a copy of Press Release dated 27th May, 2024 on Q4 & FY24 Results.

    Kindly take the above on record.

    Thanking you,

    Yours faithfully,

    For Indo Count Industries Limited


    SATNAM Digitally signed
    by SATNAM
    SINGH SINGH SAINI
    Date: 2024.05.27
    SAINI 17:26:57 +05'30'
    Satnam Saini
    Company Secretary & GM- Legal

    Encl.: A/a
    Indo Count Industries Limited

    RECORD BREAKING PERFORMANCE


    ACHIEVED VOLUME AND MARGIN GUIDANCE TARGETS FOR FY24
    ACHIEVED HIGHEST YEARLY REVENUE AND EBITDA IN FY24
    NETWORTH SURPASSED RS. 2000 CRS

    FY24
    CONSOLIDATED FINANCIAL HIGHLIGHTS

    96.8 Mn Mtrs 30% Rs. 3,601 Crs 18%


    YoY YoY

    Volumes Total Income

    Rs. 603 Crs 24% Rs. 338 Crs 22%


    YoY YoY

    EBITDA PAT

    ✓ Acquired the Wamsutta brand, a leading national brand in the US


    ✓ Secured Licensing agreements with Fieldcrest and Waverly - Prominent U.S. national
    brands
    ✓ Bhilad plant is now operating on 90% renewable energy
    ✓ Indo Count debuts in S&P Global 2022 ESG ratings with a score of 42 against Industry
    Average Score of 28
    ✓ Awarded Gold Trophy by TEXPROCIL for the fifth consecutive year for made-ups exports
    ✓ Final Dividend @ Rs.2.20 per equity shares of Rs. 2 each @110%

    1
    Indo Count Industries Limited
    Mumbai, May 27th, 2024
    Indo Count Industries Limited (BSE: 521016) (NSE: ICIL), announced its audited financial
    results for the quarter ended 31st March 2024.

    Commenting on the results, Mr. Anil Kumar Jain, Executive Chairman, said,

    “Our company has demonstrated remarkable performance in FY24, as evidenced through


    our results.

    The strategic focus on moving towards value-added products through brands and
    distribution, leveraging capital allocation, optimizing operations and providing overall
    better solutions to the end customers has been instrumental in driving our growth.

    Moreover, concerted efforts to embed robust ESG practices across ecospace, with a strong
    emphasis on sustainability, reaffirms our dedication to responsible business conduct
    thereby helping us maintain leadership position.”
    Volumes
    • Sales Volume for Q4FY24 stood at 28.7 Mn. Mtrs. V/s 20.4 Mn. Mtrs. In Q4FY23,
    Growth of 41%
    • Sales Volume for FY24 stood at 96.8 Mn Mtrs V/s 74.7 Mn Mtrs in FY23, Growth of 30%
    • Our FY25 volume guidance is 110-115 Mn Mtrs and Margin guidance is 16% - 18%

    Consolidated Financial Performance


    Particulars (Rs. Crs.) Q4FY24 Q4FY23 YoY % FY24 FY23 YoY %
    Total Income 1,093 810 35% 3,601 3,043 18%
    EBITDA 166 147 13% 603 486 24%
    EBITDA Margin (%) 15.1% 18.1% -301 bps 16.7% 16.0% 78 bps
    Depreciation 22 16 83 65
    Finance Cost 20 7 70 62
    PBT 124 123 0.3% 450 359 26%
    Tax 32 29 112 82
    PAT 92 95 -3% 338 277 22%
    EPS (Rs.) 4.64 4.78 17.06 13.97

    22
    Indo Count Industries Limited
    CONSOLIDATED BALANCE SHEET
    Particulars (Rs. Crs.) 31st Mar’24 31st Mar’23
    Net Worth 2,089 1,793
    Net Debt 678 589
    Net Debt: Equity 0.32 0.33
    ROE% 16.2% 15.4%
    ROCE% 18.8% 17.7%

    Strengthening Product Mix

    % Contribution to Revenue FY24 FY23


    Branded Business 16% 14%
    Fashion/Utility/ Institutional 20% 19%
    E-commerce business 12% 10%
    India Home Textile Business 2.5% 2.5%

    SUSTANABILITY INITIATIVES

    Investment in Solar Power


    ▪ Bhilad unit embraces 90% renewable energy and Total 21.5 MW capacity
    across the company

    Water Conservation
    ▪ Expanded RO and ETP facilities, reducing fresh water intake to 25%

    Inclusion in DOW JONES SUSTAINABILITY INDEX


    ▪ Indo Count debuts in S&P Global 2022 ESG ratings with a score of 42 against
    Industry Average Score of 28 showcasing its commitment to sustainability
    ▪ Participation in DJSI enables ICIL to pinpoint areas for enhancing sustainability
    practices, fostering a culture of continuous improvement
    ▪ ICIL integrates sustainable practices into Strategic Objectives, Operational
    Framework, Governance, and Supply chain management
    3
    Indo Count Industries Limited

    EXPANDING BRAND PORTFOLIO

    Own Brands License brand Tie-ups

    Existing Existing Recent Tie-ups

    Recent Acquisition

    BRAND ACQUISITION AND TIE UPS


    ▪ Signed a licensing agreement with Iconix Brand Group, Inc to
    manufacture, market & distribute Fieldcrest and Waverly
    branded products in US and Canada.
    ▪ The new licensing agreements encompass a wide range of
    product categories, including bedding, bath, utility, and window
    treatments, among others
    ▪ The partnerships strengthen Indo Count’s commitment to
    expanding its value-added business, positioning the company
    for sustained growth and success in the global market
    ▪ Acquired US National brand WAMSUTTA
    ▪ This acquisition strengthens Indo Count’s brand portfolio, and
    elevates its position in the premium segment
    ▪ Renowned for its exceptional quality and a brand legacy dating
    back to 1846, WAMSUTTA is poised for substantial growth under
    Indo Count's leadership 4
    Indo Count Industries Limited

    AWARDS & RECOGNITION

    Indo Count has been recognized by CITI (The Confederation of


    Indian Textile and Industry) for its exceptional commitment to
    sustainability, with three National awards in the categories below
    for the year 2023-24 :

    Winner - Best Practices adopted by Textile Mills, especially in


    Social Responsibility & Green Practices

    Winner - Innovative Material Management in Textile Mills

    Runner-Up - Best Sustainable Retail Practices

    Indo Count has also been recognized by TEXPROCIL (The


    Cotton Textile Export Promotion Council) for its exceptional
    performance in cotton exports :

    Gold Trophy for the Highest Export Performance in Cotton Made


    Ups-Bed Linen/Bed Sheets/Quilts

    (Indo Count has received this award 6 times, and consecutively for the past 5 years)

    Gold Trophy for the Special Achievement in Made-Ups

    5
    Indo Count Industries Limited

    About Indo Count Industries Ltd.

    Indo Count Industries Ltd (ICIL), is the largest global Home Textile bed linen
    manufacturer. Mr. Anil Kumar Jain, Executive Chairman, has been ranked 10th
    amongst the India’s Best Top 100 CEO’s 2017 by Business Today. Under his leadership,
    the Company has focused on some of the world’s finest fashion, institutional and
    utility bedding & sheets and has built significant presence across the globe. Over the
    years, the Company has successfully carved out a niche for itself and has become a
    total bedding resource. The company’s current annual capacity is 153 million metres.
    ICRA’s credit rating is ICRA AA- (Double A minus; Outlook Stable) for Company’s Long
    Term Bank Facilities and ICRA A1+ (A one plus) for Short Term Bank facilities.
    CARE Ratings credit rating is CARE AA- (Double A minus; Outlook: Stable) for
    Company’s Long-Term Bank Facilities and CARE A1+ (A One plus) for Short Term Bank
    Facilities.
    Safe Harbor Statement
    Statements in this document relating to future status, events, or circumstances, including but
    not limited to statements about plans and objectives, the progress and results of research and
    development, potential project characteristics, project potential and target dates for project
    related issues are forward-looking statements based on estimates and the anticipated effects
    of future events on current and developing circumstances. Such statements are subject to
    numerous risks and uncertainties and are not necessarily predictive of future results. Actual
    results may differ materially from those anticipated in the forward-looking statements. The
    company assumes no obligation to update forward-looking statements to reflect actual results
    changed assumptions or other factors.

    For further information, please contact


    Company : Investor Relations Advisors :

    CIN: L72200PN1988PLC068972 CIN: U74140MH2010PTC20428


    K. R. Lalpuria, Executive Director & C.E.O Ms. Manasi Bodas/ Mr. Shogun Jain
    [email protected] +91 9821043510/+91 7738377756

    K. Muralidharan, CFO [email protected]/


    [email protected] [email protected]

    www.indocount.com www.sgapl.net
    6 6

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