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Earnings · Textile · Mid cap

Indo Count aims for ₹5,500 cr in FY27, with new US business set to double

The textile maker’s record-year bet hinges on scaling a US bedding and brands operation that barely existed two years ago.

2 earlier stories on Indo Count Industries Ltd.
Mkt cap₹6,600 cr
P/E45.64×
ROE10.80%
Debt / eq.0.53
Div yld0.46%
₹1,500 cr Targeted revenue for the new US business, up from ₹792 cr in FY26.

What's new

  • Indo Count guided for consolidated FY27 revenue of ~₹5,500 cr, a 30%+ increase from FY26.
  • Its new US bedding and brands business is targeted to nearly double to ₹1,500 cr from ₹792 cr.
  • EBITDA margin is guided at 13% on volumes of 105-110 million metres.

Why this matters

The company is staking a record year on a segment that is becoming a third of revenue. Scaling it without compressing margins is the core test.

What we're watching

  • Execution on the US brands ramp, now the primary growth engine.
  • How the 13% EBITDA margin holds as the sales mix shifts.
  • Volume growth to 105-110 million metres amid tariff uncertainty.

The full read

Indo Count Industries is guiding for a record ₹5,500 crore in revenue for FY27, a 30%+ jump from the previous year. The number that matters is ₹1,500 crore. That is the target for the company's new US-based utility bedding and branded products business, which is expected to nearly double from ₹792 crore in FY26. The core textile business is projected at roughly ₹4,000 crore. The plan is supported by an expected normalisation in US tariffs and new free-trade agreements in the UK and EU. The company also guided for 13% EBITDA margins on volumes of 105-110 million metres. The bet is clear: Indo Count is pivoting a significant portion of its growth to newer, branded US operations, and it must prove it can scale profitably.

Questions answered

What is the main source of the projected 30%+ revenue growth?
The near-doubling of the new US-based utility bedding and branded products business to ₹1,500 cr. The core textile business is projected at about ₹4,000 cr.
How does the revenue mix shift in FY27?
The new segment is set to account for over a quarter of the ₹5,500 cr total, up from a much smaller base in FY26. The core business remains the larger part at roughly ₹4,000 cr.
What underpins the 13% EBITDA margin target?
The guidance assumes the company can scale its new US operations while benefiting from more stable trade conditions and new free-trade agreements in the UK and EU.
What volume target supports the revenue figure?
The company expects to ship 105-110 million metres of fabric in FY27. This volume, combined with the shift into higher-value branded products, underpins the revenue projection.
Mentioned: ₹5,500 cr FY27 revenue target · US utility bedding and brands · 13% EBITDA margin guidance
Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on ICIL →
  1. 8 Jun 2026 · 12:24 PM IST Indo Count aims for ₹5,500 cr in FY27, with new US business set to double
  2. 8d ago Indo Count adds 24,000 spindles at Kolhapur, spends ₹85 cr
  3. 9d ago Indo Count profit halves on labour costs, US acquisitions