Indo Count Industries expects to achieve revenue guidance of approx Rs 3,000 crore on an overall basis in FY22. In Q3 ended December 31, 2021, the company’s sales volumes reached 21.1 million meters. Total income declined 1 per cent to Rs 787 crore while EBITDA increased to Rs 146 crore from Rs 143 crore.
As per a Textile Value Chain report, the company has been witnessing lower demand since late November-December 2021, due to the recurrence of third wave across key geographies like US, UK and Europe. It is 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
Indo Count has signed the United Nations Global Compact and is committed to integrate UNGC’s principles into its organizational culture and ensure building a greener sustainable future The company has been disclosing its environmental footprint through the CDP alongwith its measures to reduce ecological footprints for the last 3 years. Indo Count has achieved score B this year which is above the global textile average.
