Indo Count Industries Ltd reports strong growth with strong margins for the first quarter of fiscal year 2021-22

Indo Count, one of the largest bedding manufacturers and exporters in India, announced unaudited financial results for the first quarter ended June 30, 2021. The first quarter results of
Indo Count for fiscal year 22 clearly show solid financial performance contributing to their growth in the market. The company is seeing strong demand momentum in its end markets, as evidenced by the fact that they had one of the highest sales ever for this quarter.
Anil Kumar Jain, CEO, commented on the results: “The results for the first quarter of fiscal year 22 show our unique strategic vision and the resilience of our company’s operational performance, coupled with intuitive management.

We are experiencing a surge in demand in our end markets. We continue to focus very much on increasing our participation in the national and international market.

As India’s leading home textile brand and one of the largest international bedding suppliers, we are committed to our principles of community life and sustainability.

Favourable macroeconomic tailwind

Indo Count wants to benefit from India’s advantage in the global home textile market due to the abundant availability of raw materials (India is the world’s largest cotton producer). Substitution and capacity building in order to dominate the world market have had a positive effect for Indo Count.Access to a traditional and qualified textile workforce has led to an increased global recognition of Indian products.Not least, the extension of the RoSCTL services of the Indian government until 2024 is a strengthening the stability of the Indian exporters’ brotherhood.
Kailash Lalpuria, Managing Director and CEO of Indo Count Industries, said: “Demand in our industry has increased sharply as the US, our largest market, is doing very well and the other markets have also grown. and the textile industry will be in great demand with lifestyle changes. With our supply chain and skilled workforce, we will be able to scale up our production to meet these requirements. ”

Indo Count’s efforts have been consistently recognised in the form of awards and recognitions.At Texprocil, the company won two gold trophies for the second time in a row in the categories “Highest export performance in cotton make-up – bed linen / sheets / duvets” and “Special Achievement Award in cotton make-up”.

Focus on D2C business

As a leading exporter with one of the largest market shares in the US and significant presence in more than 50 countries, the company continues to place great emphasis on increasing its share of D2C branded businesses and B2C. The company is taking effective steps by increasing its visibility through digital campaigns and leveraging omnichannel and e-commerce sales. The company has launched several active brands under its umbrella and is promoting these brands in the US, UK, the Middle East and India.

In India, her Boutique Living brand was named “ET Iconic Brand of 2021” by the Economic Times and another brand, Layers, was named “Femina Power Brand of the Year 2021”.

The company recently partnered with a UK brand, Jasper Conran London, for an exclusive collection of beds and bathtubs to be launched in spring 2022. The range is sold and marketed internationally under the Jasper Conran London brand exclusively through Indo Count.
Sustainability

At Indo Count, sustainability is part of the core culture and the company has taken it into account in every action and pursuit. Recognised as a “Top Performer” supplier at Walmart’s Global Sourcing Sustainability Summit. The company’s growth has always maintained positive social impact values and reduced its carbon footprint. The company is committed to maintaining social and ecological awareness.

Conclusion

Empowered by a diverse portfolio, financial prudence and strong governance and emerging innovations, Indo Count is well equipped to deliver customer satisfaction and revitalise Indian businesses as well as maintain its own market share in global growth.

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