Indo Count Industries Limited · NSE:ICIL
Indo Count Industries — Q2 FY26 Earnings Presentation
42 slides from Indo Count Industries's earnings presentation, Nov 11, 2025
Slide 1: Cover letter to stock exchanges
Ref No.: ICIL/45/2025-26 11th November, 2025 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
Slide 2: Rewriting the Future
Rewriting the Future INDO COUNT INDUSTRIES LIMITED Q2 & H1 FY26 INVESTOR PRESENTATION November 2025
Slide 3: Safe Harbour
SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Indo Count Industries Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 4: Q2 & H1FY26 Performance Highlights
Q2 & H1FY26 PERFORMANCE HIGHLIGHTS
Slide 5: Chairman's Message
CHAIRMAN’S MESSAGE Commenting on the results Mr. Anil Kumar Jain, Executive Chairman said, “FY26 began in a highly fluid tariff environment with U.S. tariff rates moving from 10% to 25% and subsequently to 50%. Navigating the business under such volatility has been challenging. However, our approach
Slide 6: Q2FY26 Consolidated Performance Highlights
Q2FY26 CONSOLIDATED PERFORMANCE HIGHLIGHTS Volume (Mn. Mtrs) Revenue (Rs. Crs) Volume Growth of 7%; Revenue Growth of 12% (QoQ basis) Net Debt to Equity : 0.34x 27.8 1,082 1,045 Net Debt is reduced by Rs.175 Cr. during H1FY26 25.2 967 23.6 New business (Utility bedding and USA brand business) contin
Slide 7: Q2 & H1 FY26 Consolidated Profit & Loss Statement
Q2 & H1 FY26 CONSOLIDATED PROFIT & LOSS STATEMENT Revenue: Particulars QoQ: Q2 FY26 Q2 FY25* YoY% Q1 FY26* QoQ (Rs. Crs.) ▪ Tariff changed from 10% to 25% and then to 50% during the quarter, despite of that volume grew by 7% and revenue grew by 12% Total Income 1,082 1,045 4% 967 12% ▪ Part of the t
Slide 8: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET ASSETS (Rs. Crs.) Sep-25 Mar-25* EQUITY AND LIABILITIES (Rs.Crs) Sep-25 Mar-25* Non-Current Assets Equity Property, Plant & equipment 1,362 1,380 Equity Share Capital 40 40 Capital Work in progress 108 28 Other Equity 2,268 2,242 Right of Use 230 242 Total Equity 2,308 2,2
Slide 9: Consolidated Cash Flow
CONSOLIDATED CASH FLOW Particulars (Rs. Crs.) Sep-25 Sep-24* Profit before Tax & Exceptional 103 217 Adjustment for Depreciation & other items 122 75 Operating profit before working capital changes 225 293 Changes in working capital 139 -302 Cash generated from operations 364 -9 Direct taxes paid (n
Slide 10: Wamsutta – An American Icon Returns
WAMSUTTA – AN AMERICAN ICON RETURNS Wamsutta: A Strategic Brand Revival Anchored in Legacy and Modernity Portfolio Channel Category Premiumisation Diversification Expansion Transitioning into the Beyond bed linens, our premium tier catalyses Expanding distribution broader offering of towels, elevate
Slide 11: Indo Count: Domestic Market – Marketing Initiatives
INDO COUNT : DOMESTIC MARKET – MARKETING INITIATIVES Elevating Brand Visibility: • Strengthened our premium brand, Boutique Living across top retail destinations such as Shoppers Stop and @home Expanding Retail Footprint: • Achieved deeper market penetration and impactful brand placement for both Bo
Slide 12: Indo Count: Domestic Market – Marketing Initiatives
INDO COUNT : DOMESTIC MARKET – MARKETING INITIATIVES 11
Slide 13: Capex Outlay
CAPEX OUTLAY FY26e Sr. No. Particulars (Rs. Crs) Budgeted* Actual 1 Zero liquid discharge (ZLD) facility at Bhilad Unit 50 - 2 Maintenance and other Capex 65 34 3 Greenfield Project – Utility Bedding in North Carolina 99 49 TOTAL 214 83 *will be funded through Internal Accruals and Debt on 50:50 bas
Slide 14: Rewriting the Future: Indo Count 2.0
REWRITING THE FUTURE: INDO COUNT 2.0
Slide 15: Indo Count 2.0: Snapshot
INDO COUNT 2.0: SNAPSHOT Business Verticals Product Portfolio Manufacturing Facilities Single to Multiple businesses: Single to Multi-product offerings: Single to Multi-location: Moving from traditional to value-added segments A complete Home Textile player Establishing manufacturing operations in t
Slide 16: Core Business: Bed Linen
CORE BUSINESS: BED LINEN USA BED LINEN Bed Sheets Fashion Bedding Institutional Bedding Utility Bedding CATEGORIES MARKET SIZE* 4 Bn $ 5.5 Bn $ 1.5 Bn $ 4 Bn $ Continued focus on Largest bed linen our core bedsheet manufacturer in the business world Product Offerings and many more…. Flat Sheet Fitte
Slide 17: New Business: Utility Bedding
NEW BUSINESS: UTILITY BEDDING USA BED LINEN Bed Sheets Institutional Bedding Fashion Bedding Utility Bedding CATEGORIES MARKET 4 Bn $ 5.5 Bn $ 1.5 Bn $ 4 Bn $ SIZE* Manufacturing facilities Key Brands Columbus, Ohio, USA Showroom and Design studio, New York, USA Warehouse, Case Pack, Drop Ship & Des
Slide 18: New Business: USA Brand Business
NEW BUSINESS: USA BRAND BUSINESS Owned Brand License Brand Tie - Ups ✓ Established in 1923, Waverly leads in ✓ First national wellness and yoga brand in ✓ A well-established US national brand ✓ Fieldcrest (est. 1893) combines elegance American home decor North America and durability for luxury livin
Slide 19: Business Verticals: Performance Highlights
BUSINESS VERTICALS: PERFORMANCE HIGHLIGHTS Core Business (Rs. Crs) New Businesses (Rs. Crs) +16% CAGR 3,906 285 Core Business: Bed Linen 3,531 2,923 ~4x • Sheets • Fashion Bedding 67 69 • Institutional Bedding New Businesses: FY23 FY24 FY25 FY23 FY24 FY25 • Utility Bedding • USA Brand Business % Con
Slide 20: Rewriting the Future
REWRITING THE FUTURE Core Business: New Business: New Business: Bed Linen Utility Bedding USA Brand Business ▪ Integrated plant capacity: 153 mn meters ▪ Entered pillow & quilt manufacturing in the USA ▪ Includes strong U.S. household brands: (via acquisition & greenfield) • Kolhapur, Maharashtra –
Slide 21: Reaffirm Our Guidance: Scaling Core Business + New Brands and Utility Bedding
REAFFIRM OUR GUIDANCE: SCALING CORE BUSINESS + NEW BRANDS AND UTILITY BEDDING SEGMENT Investment in recent acquisitions and Brands Peak revenue potential Core Business Total Capacity 10.0 72.2 90 275 153 Mn Mtrs Mn $ Mn $ 15.0 100 11.7 Aspire to achieve ~106 Mn Mtrs sales 2x Revenue 25.0 35 volume f
Slide 22: Industry Overview
INDO COUNT Complete Comfort INDUSTRY OVERVIEW
Slide 23: USA Home Textiles Market Dynamics
USA HOME TEXTILES MARKET DYNAMICS US imports of Cotton Sheets US imports of Cotton Pillowcases US imports of Cotton Bedspread 13.9% 10.9% 12.2% 10.0% 10.0% 8.3% 12.1% 11.4% 12.0% 10.9% 12.2% 13.5% 12.0% 12.8% 13.8% 12.6% 13.0% 15.8% 8.0% 6.7% 11.9% 10.8% 9.7% 14.1% 14.5% 14.1% 16.1% 13.2% 13.0% 16.3
Slide 24: USA Retail Sales
USA RETAIL SALES Annual Retail Sales and Sales Growth 13.6% 7.7% 8.0% 3.4% 3.6% 3.6% 2.7- 3.7% $ 3.7T $ 4.0T $ 4.5T $ 4.9T $ 5.1T $ 5.2T $ 5.4 - $ 5.5T 2019 2020 2021 2022 2023 2024 2025E ▪ The National Retail Federation (NRF) has forecast that retail sales during 2025 will grow between 2.7 per cent
Slide 25: Retail Ecommerce Sales in US
RETAIL ECOMMERCE SALES IN US US Retail Ecommerce Sales: 2022 – 2028E U.S. E-commerce sales penetration (U.S. $ Trillions) Ecommerce's share of total retail sales by quarter (Q1 FY21 – Q2 FY25) Retail Ecommerce Sales 24.6% 23.4% 22.7% 22.0% % of Total Retail Sales 22.0% 22.0% 22.2% 21.7% 22.2% % Chan
Slide 26: Company Overview
COMPANY OVERVIEW
Slide 27: About Us
ABOUT US The Largest Global Home Textile Bed Linen Company Domestic Business B2C & D2C brands Comprehensive product portfolio in the premium segment that comprises of bed sheets, fashion bedding, utility bedding and institutional bedding Our Forte ESG Focused Biodiversity Business Ethics Solar / Win
Slide 28: Providing Complete Bedlinen Solution
PROVIDING COMPLETE BEDLINEN SOLUTION Bed Sheets Fashion Utility Institutional Bedding Bedding Bedding Flat Sheet Comforters & Duvets Mattress Pads, Basic white sheets Fitted Sheets Shams & Decorative Pillows Protectors, Pillows Shams & Pillows Pillow-cases Quilts, Coverlets Down Alt Comforters Bed S
Slide 29: Our Global Footprint
OUR GLOBAL FOOTPRINT Services (World Over) ▪ Product Development 10,000+ Employees UK ▪ EDI-based replenishment (Direct/Indirect) services CHINA USA ▪ Market Research Sourcing Office (Shanghai) Manufacturing Plants - UAE ▪ Total Supply Chain • Columbus, Ohio, INDIA Solutions • Phoenix, Arizona Corpo
Slide 30: Our Brand Portfolio
OUR BRAND PORTFOLIO OWNED BRANDS LICENSED BRANDS Building Market Leadership through Brand Strategy with diverse Product Offerings 29
Slide 31: HDPS – Strategic Collaboration and Investment in Cotton Excellence
HDPS – STRATEGIC COLLABORATION AND INVESTMENT IN COTTON EXCELLENCE Recognition Centre of Excellence • Partnership: Indo Count Foundation in collaboration Appreciation by Agriculture Minister with Government of Maharashtra and Dr. PDKV College Shri. Shivraj Chauhan, praising HDPS as a of Agriculture,
Slide 32: ESG Awards & Accolades
ESG AWARDS & ACCOLADES CSR APPRECIATION AWARD BY THE CSR ONE DECADE CELEBRATION COUNCIL – July 2024 Indo Count has received the CSR Appreciation Award in recognition of its sustained commitment to corporate social responsibility, celebrated during the Indian CSR One Decade Celebration WATER SUSTAINA
Slide 33: Sustainability is in Our DNA
SUSTAINABILITY IS IN OUR DNA
Slide 34: ESG Initiatives
ESG INITIATIVES Environmental The Way Forward • Addition of a renewable energy source through solar project • Recycling and reuse of water through modernized ETP plant GHG Emission Targets • Expansion of biogas capacity to generate more renewable power Reduction of Scope 1 & 2 GHG • Reducing the use
Slide 35: Sustainability Initiatives
SUSTAINABILITY INITIATIVES ICIL remains steadfast in its commitment to safeguarding our planet by actively Dyes from Natural Waste Extract reducing its carbon footprint by adopting renewable energy sources. • The Company has consistently demonstrated its dedication to climate To enhance the sustaina
Slide 36: Sustainability Initiatives
SUSTAINABILITY INITIATIVES Member of United Nations Global Compact CEO Study on Sustainability SBTi – Scientific Approach to Sustainability Indo Count is an active member of the United Nations Global Compact (UNGC), the world's largest corporate sustainability initiative, launched in 2000 to encoura
Slide 37: Sustainable Raw Material Sourcing Initiatives
SUSTAINABLE RAW MATERIAL SOURCING INITIATIVES Gagan Avani Prithvi Total No. of Farmers • Supported Project Gagan is dedicated to • Project Avani is designed to • Project Prithvi, in partnership implementing sustainable with Shree Ram Cotton Industries alternatives to conventional strengthen sustaina
Slide 38: Indo Count Elevates DJSI Score, Strengthening ESG Commitment
INDO COUNT ELEVATES DJSI SCORE, STRENGTHENING ESG COMMITMENT DJSI Index Objective and Methodology The Dow Jones Sustainability Indices (DJSI) ▪ Achieved a DJSI Score of 66 for the year 2024, up from 45 in 2023 - placing Indo Count among the top 10% in the Textile, are globally recognized benchmarks,
Slide 39: CSR Initiatives
CSR INITIATIVES
Slide 40: CSR Initiatives
CSR INITIATIVES Healthcare Education Water & Sanitation Environment • Operating Mobile Health Vans that • Supporting 138+ schools with E- • Providing clean drinking water • Planted 44,000+ trees in 10.5- have treated 80,000+ patients learning facilities, benefiting for communities, benefiting acres
Slide 41: CSR Initiatives
CSR INITIATIVES Sports Development Focus on Women & Children Agriculture & Livelihood Women Empowerment • Built a state-of-the-art Gymnasium • Renovated 5 Anganwadi Centers • The GAGAN cotton project • Trained women for textile in the Divisional Sports Complex, in Bhilad benefiting children (0–6 imp
Slide 42: Contact Us
CONTACT US Company : Investor Relations Advisors : Indo Count Industries Limited Strategic Growth Advisors Pvt. Ltd. CIN: L72200PN1988PLC068972 CIN: U74140MH2010PTC204285 Mr. K. Muralidharan, Group Chief Financial Officer Ms. Neha Shroff k.muralidharan@indocount.com neha.shroff@sgapl.net | +91 77380
Indo Count Industries — Q2 FY26 Earnings Presentation on 6ix