Indo Count Industries Limited announces its unaudited financial results for the quarter ended 30th September 2023.
Commenting on the results, Anil Kumar Jain – Executive Chairman, said: “Our robust performance, achieving Rs. 1000 cr + quarterly revenue for the 1st time in the company’s history, showcases our distinct strategic vision and the enduring strength of our capabilities. Being the largest global providers of comprehensive bed linen solutions, our steadfast commitment to sustainable initiatives and community engagement have played a pivotal role in driving our growth. As a leading exporter, our unwavering focus remains on expanding our share in both global and domestic markets.”
B2C & D2C Segment
▪ Strategically moving towards B2C, B2B, and D2C segments with better margin and value proposition business
▪ GAIAM home collection gaining traction in USA retail stores
▪ E-commerce continuous to perform well
▪ Domestic Brands Boutique living and Layers getting good response
Awards & Recognition
- Best CSR in Healthcare – Conferred by ASSOCHAM
- ICIL Foundation, the CSR arm of Indo Count Industries Ltd., has been recognised by ASSOCHAM at the 2nd Healthcare Summit and Awards 2023.
- The Foundation secured the 2nd Runner up position in the Healthcare category, Best
CSR in Healthcare (Implementing Organization), in which over 200 organizations from
all over the country had participated - Boutique Living Recognized as E-Retail Brand of the Year 2023
- Our brand Boutique Living has been recognized as the E-Retail Brand of the Year, 2023,
at the ET Retail E-commerce and Digital Natives Awards (eDNA) 2023
Sustainability Initiatives
▪ Investment in Solar Power Generation Project in Gujarat: ICIL has committed ~ Rs. 50 crore capex in Solar Power Project
▪ Sustainability Initiatives: Actively engaged in BCI, Organic, and ELS cotton development, and promoting Kasturi cotton to enhance Indian cotton’s brand value
▪ Collaboration with Partech Seeds: A strategic partnership aimed at Research of various cotton seed varieties to help farmer achieve better yields
▪ Tie up with EY: For various sustainability initiatives
▪ Waste-Water Treatment: Reducing freshwater consumption consistently
▪ ZDHC Progressive Level Certification: Demonstrates our best chemical management practices and global benchmark
