Indo Count Industries Limited — Investor Meet, 23-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

ICIL reported Q3 FY26 total income of INR1,074 Cr, with adjusted EBITDA margin at 10.4% and PAT at INR24 Cr. New businesses, including utility bedding and brands, doubled revenue to INR210 Cr, reaching an annualized run rate of nearly USD100 million.

Management is optimistic about new trade deals with the US and EU FTA, which are expected to ease tariffs and improve India's competitive standing. A new US pillow manufacturing facility is operational, boosting utility bedding capacity to 31 million pillows annually. The company targets doubling revenues by 2028, anticipating margin recovery to 15-16% as tariff impacts lessen and new business incubation costs (150-200 basis points) conclude by Q4 FY26. Sentiment is positive on long-term growth.