Latest news with #IndoCountIndustries
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Business Standard
4 days ago
- Business
- Business Standard
Mukul Agrawal portfolio smallcap textile stock tanks 17%; here's why
Indo Count Industries said it deferred the volume and margin guidance amid ongoing US tariff uncertainty leading to strategy and portfolio re-jig by retailers in the US. Indo Count Industries share price today Share price of Indo Count Industries tanked 17 per cent at ₹241.10 on the BSE in Monday's intra-day trade after the company reported a sharp 88 per cent decline in its consolidated profit after tax (PAT) for the quarter ended March 2025 (Q4FY25), due to weak operational performance. The stock price of this smallcap textile products company had hit a 52-week low of ₹210.70 on April 7, 2025. At 09:34 AM; Indo Count Industries was trading 15 per cent lower at ₹248.45, as compared to 0.90 per cent decline in the BSE Sensex. Mukul Mahavir Agrawal held over 1% stakes in Indo Count Industries Ace Investor Mukul Mahavir Agrawal held 2.5 million equity shares representing 1.26 per cent stake in Indo Count Industries at the end of March 2025 quarter, the shareholding pattern data shows. Indo Count Industries' Q4 results In Q4FY25, the company's revenue declined 6 per cent year-on-year (YoY) to ₹1,029 crore from ₹1,093 crore in a year ago quarter. Earnings before interest, tax, depreciation and amortisation (Ebitda) down 47 per cent YoY at ₹88 crore; margins contracted 660 bps at 8.5 per cent. Indo Count Industries said the revenue was impacted by volume and value downtrade due to tariff-related uncertainty in the US; core sales affected by cautious inventory management and portfolio realignment by Big Box Retailers. Increased demand for lower-priced products lowered ASP by 6 per cent in the current quarter. Investments in branded and utility bedding businesses were stable on QoQ basis in absolute terms; overall sales de-growth impacted margins, the company said. However, revenue from new brands and utility segments increased to ₹125 crore in Q4FY25 from ₹100 crore in Q3FY25. Meanwhile, sharper product mix downtrade impacted gross margins due to lower ASP leading to under-absorption of costs. Operating margins compressed due to higher fixed costs and ongoing brand-building expenses; although Investments were stable in absolute terms on QoQ basis, the company said. FY26 Guidance The company has deferred the volume and margin guidance amid ongoing US tariff uncertainty leading to strategy and portfolio re-jig by retailers in the US. The management said the company is witnessing similar volume and value trends in Q1FY26. Revenue expected to improve from H2FY26 driven by clarity on tariff structure, launch of Wamsutta brand, deeper penetration of licensed portfolio, rising utilization in utility bedding segment. Further, the management expects increase in advertising & marketing spends in H1FY26 in preparation for Wamsutta launch in Q2FY26; partially to be offset by sales in Wamsutta brand. About Indo Count Industries Established in 1988, Indo Count Industries has evolved to become one of the world's leading home textile companies. Today, it ranks among the top three global manufacturers of bed linen in the US and stands as a key manufacturer and exporter from India, offering a wide range of products including bed sheets, bed linen, utility bedding, pillowcases, fashion and institutional bedding, comforters, quilts, and decorative pillows. The company has state-of-the-art manufacturing facilities with a total annual capacity of 153 million meters in Maharashtra and Gujarat. Acquired the legacy brand 'Wamsutta' a well-established US national heritage 175+ years old brand, known for its wide range of products including bed, bath, rugs, window treatments, and more. Also added several licensed brands to strengthen value-added business positioning across Fashion, Utility, and Institutional Bedding segments in the US market. To further reinforce presence in the utility bedding segment, ICIL has invested in manufacturing facilities in the US.
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Business Standard
07-05-2025
- Business
- Business Standard
SP Apparels, Gokaldas, Indo Count, KPR Mill surge up to 20%; here's why
Textiles, garments & apparels stock price movement today: Shares of textile companies including garments and apparel makers such as Gokaldas Exports, Indo Count Industries, S P Apparels and KPR Mill have rallied by up to 20 per cent on the BSE in Wednesday's intra-day trade after India and the United Kingdom (UK) on Tuesday announced the conclusion of talks for a free trade agreement (FTA) that will boost strategic and economic ties between the countries. Shares of S P Apparels zoomed 20 per cent to ₹876.10. Gokaldas Exports and Indo Count Industries have surged 9 per cent to ₹928 and ₹313, respectively. KPR Mill (₹1,101.95) and Welspun Living (₹130.50) soared 8 per cent in intra-day trade. Vardhman Textiles, Sportking India, Sangam India, Himatsingka Seide, Siyaram Silk Mills, Pearl Global Industries, Kitex Garments and Nitin Spinners were up in the range of 5 per cent to 8 per cent. In comparison, the BSE Sensex was up 0.15 per cent at 09:28 am. Benefit of India-UK free trade deal The trade deal, once implemented, may make import of whisky, gin, automobiles, medical devices, electrical machinery, cosmetics, soft drinks, chocolates, and lamb cheaper for India. It will also lead to a significant increase in the export competitiveness of Indian shipments to the UK for sectors like textiles, toys, leather, marine products, footwear, and gems & jewellery. Sensitive items like dairy products, apples, cheese, etc., have been excluded from any duty concession by India to protect its farmers. The potential implementation of Free Trade Agreements (FTAs) with key markets like the UK and EU presents exciting opportunities for increased textile trade. Additionally, government initiatives such as the Production Linked Incentive (PLI) scheme for the Man-Made Fibre (MMF) and technical textile ecosystem are expected to boost investments in the sector, Gokaldas Exports said in its FY24 annual report. Brokerage view – Elara Capital Global brands have been increasingly shifting their supply chains away from China and Bangladesh and this trend is likely to continue and benefit integrated Indian textile companies. Further, garment and home textiles exporters are expected to perform well as India continues to gain market share. Brokerage view – Mirae Asset Sharekhan In the long term, growth prospects of the Indian textiles industry are strong, aided by augmentation of capacity with value-added products, China +1 factor, the government entering into a trade agreement in various countries, incremental benefits from the PLI scheme, and market share gains in export markets. Brokerage view – JM Financial Institutional Securities The long-term prospects for the industry remain intact with a continuing shift of global sourcing away from China, supplier consolidation towards efficient/ well-capitalised players and supply-side instabilities in several countries. Further, government incentives and support from state governments for low-cost locations, PLI and FTAs with key markets should drive increased textiles trade.
