Indo Count Industries Limited has announced its unaudited financial results for the quarter and half year ended September 30, 2024. The company reported robust growth, marking a solid performance in both its top-line and strategic acquisitions.
For the half-year ended September 30, 2024 (H1 FY25), Indo Count achieved a total income of ₹1,995 crore, reflecting a growth of 12.1% year-on-year (YoY). This growth demonstrates the company’s strong operational performance and its successful expansion strategies in key markets.
In terms of sales volume, Indo Count reported 27.8 million meters for Q2 FY25. For the first half of FY25 (H1 FY25), the company achieved a total volume of 53.1 million meters These figures underscore the company’s consistent growth in production and its ability to meet demand in the global textile market.
Indo Count has significantly strengthened its brand portfolio through key strategic acquisitions. The company acquired Wamsutta, a leading U.S. national brand with a legacy spanning over 175 yea₹ This acquisition enhances Indo Count’s market presence and aligns the company with other well-established U.S. brands, further elevating its position in the competitive textile sector.
Additionally, Indo Count acquired Fluvitex USA, a U.S.-based manufacturer of quilts and pillows. This acquisition provides Indo Count with entry into the U.S. utility bedding market. Fluvitex’s production capacity of 5 million pillows and 1.5 million quilts annually, along with an annual revenue potential of USD 50 million, offers significant growth opportunities for the company.
Furthermore, Indo Count launched its Fieldcrest & Waverly brands at the September U.S. Market Week, further expanding its presence in the U.S. retail space.
Indo Count’s strong performance was also recognized by CARE Ratings, which upgraded the company’s long-term rating outlook from Stable to Positive. This reflects the company’s robust financial health and the successful execution of its strategic initiatives.
Overall, Indo Count Industries continues to demonstrate strong growth and expand its footprint in the global textile industry, driven by both organic growth and strategic acquisitions.
On November 8, 2024, Indo Count share price opened at ₹369.95 and touched the day low of ₹356.05 at 09:30 AM.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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