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Indo Count turnover up 46 per cent

Indo Count, one of the three leading Indian suppliers of bed linen and the fourth largest bed sheet supplier to the US recorded 46 per cent higher turnover in Q1 of the current financial year compared to the same period last fiscal. Profit rose 122 per cent over that reported in the first quarter of 2014-15 and a 97 per cent growth over the profit in the immediately preceding quarter.

Indo Count is a global bed linen company. The integrated company manufactures yarn at one end to finished made-ups at the other. The company has one of the highest margins within the country’s integrated textile sector and one of the highest asset-turnover ratios. It makes bed sheets, flat sheets, fitted sheets and pillow cases, fashion bedding, comforters, quilts and coverlets, decorative pillows etc.

Within the home textiles segment, the company is focusing on niche bed linen. To strengthen its competitiveness in home textiles, the company expanded its capacity to 68 million meters per annum last year. This helped widen the presence of value-added products in its portfolio.

The company markets its products in 49 countries. Nearly 65 per cent of revenues are derived from the US, the company’s largest market. Other markets are the UK, Canada, Europe and Australia.
www.indocount.com/

 
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