Indo Count Industries Ltd (ICIL), is one of India’s largest Home Textile manufacturer. Mr. Anil Kumar Jain, Executive Chairman, has been ranked 10th amongst the India’s Best Top 100 CEO’s 2017 by Business Today. Under his leadership, the company has focused on some of the world’s finest fashion, institutional and utility bedding & sheets and has built significant presence across the globe. Over the years, the company has successfully carved out a niche for itself and has become a total bedding resource. The company’s annual capacity is 90 million metres.
Indo Count is planning expansion of its bed linen capacity by 20% from its existing annual capacity of 90 mn metres to 108 mn metres by debottlenecking and balancing facilities. The company is also making brownfield investment for adding commensurate cut & sew facilities and for enhancing the capacity for Top of the Bed (TOB) products. This will entail a capex of Rs. 150 crores.
Indo Count is also planning modernization of spinning units with compact spinning technology at an investment of Rs. 50 crores. Post modernization, this capacity will also be used for captive consumption in the home textiles unit. The total capex of Rs. 200 crores will be funded by a mix of internal accruals and debt and is expected to be operational in H2FY22. These investments are expected to increase the revenue by Rs. 600 crores over the next 2 years, post commissioning.
Indo Count recorded turnover of Rs. 2557 crores in FY21, an increase of 20% over the previous year. Mr. Anil Kumar Jain, Executive Chairman said, “It gives me immense pleasure to share that we have delivered growth despite challenging environment and lockdown restrictions. Our growth during the year was propelled by higher demand for home textile products and consequent increase in our market share globally. Furthermore, our persistent focus on expanding our current capacity, growing our branded portfolio, enhancing our domestic presence, improving ecommerce and building and creating a sustainable value chain have helped us thrive and be future ready.”
Indo Count has delivered quarterly sales volume of 21.7 mn in Q4FY21, a growth of 68% YoY. For the full year, the company has delivered record sales volume of 78.2 mn metres for FY21, a growth of 26% YoY. The target for current year is 85-90 mn metres.
B2C & D2C
Indo Count has been strongly moving towards B2C and D2C segment through high quality product offerings across varied price points, building visibility through digital campaigns and leveraging omni-channel & e-commerce distribution. The company has been focussing on Brand Promotion in US, UK, Middle-East and India through 10 active brands. The company’s innovation and technological capabilities along with licensed brands, patents, trademarks is expected to further strengthen brand offerings.