Indo Count Reports Q2 Net Profit Of ₹1.32B vs ₹390M YoY

Market snapshot: Indo Count Industries reported a sharp surge in Q2 FY27 net profit to ₹132 crore compared to ₹39 crore in the corresponding quarter of the previous fiscal year. The company also reaffirmed its strategic goal to double total revenue by fiscal year 2028.

Data Snapshot

• Q2 FY27 consolidated net profit reached ₹132 crore, representing a 238% YoY surge from ₹39 crore in Q2 FY26.
• Q2 FY27 consolidated revenue grew 57.4% YoY to ₹1,672 crore from ₹1,062 crore in Q2 FY26.
• EBITDA surged 123.5% YoY to ₹232.4 crore in Q2 FY27, with operating margins expanding by 400 bps to 14%.
• Management maintains strategic target to double revenue by 2028 (FY28) over the FY25 base.

What's Changed

• Q2 net profit expanded to ₹132 crore from ₹39 crore YoY.
• Operating EBITDA margin expanded by 400 basis points YoY to reach 14%.
• Quarterly revenue climbed from ₹1,062 crore to ₹1,672 crore YoY.

Key Takeaways

• Strong volume expansion and improved capacity utilization drove operating leverage during the quarter.
• Growth in value-added bedding and utility bedding enhanced overall operating margins.
• The company remains on track to fulfill its long-term financial objective of doubling revenue by 2028.

SAHI Perspective

Indo Count's substantial earnings outperformance highlights strong execution in home textiles and value-added product categories. The combination of 57.4% revenue expansion and 400 bps margin expansion underscores effective operating leverage, positioning the business comfortably toward its FY28 scale targets.

Market Implications

The strong quarterly execution boosts investor confidence in export-oriented textile players with exposure to premium home textiles and global retail chains. Sustained top-line momentum supports medium-term financial re-rating.

Trading Signals

Market Bias: Bullish

Q2 consolidated net profit more than tripled YoY to ₹132 crore while revenue grew 57.4% YoY to ₹1,672 crore, demonstrating powerful operating leverage and margin expansion.

Overweight: Textiles & Apparel, Home Furnishings

Trigger Factors:

• Sustained quarterly volume growth in home bedding and utility bedding
• Progress on retail market expansion in North America
• Raw material cost stability and export trade developments

Time Horizon: Medium-term (3-12 months)

Industry Context

Indian textile exporters are benefiting from market share gains in home textiles, global supply chain diversification, and growth in value-added bedding segments across North America and Europe.

Key Risks to Watch

• Volatilities in global cotton raw material prices impacting margin stability.
• Geopolitical risks affecting international shipping routes and freight rates.
• Demand fluctuations in key foreign retail markets.

Recent Developments

In August 2026, Indo Count Industries reported Q1 FY27 consolidated revenue of ₹1,224 crore with net profit of ₹63 crore, while advancing strategic expansion under legacy brands in overseas markets.

Closing Insight

Robust earnings traction combined with disciplined strategic execution keeps Indo Count firmly positioned to achieve its 2028 growth milestones.

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