Indo Count Industries Ltd — Interim / Quarterly Report 2022

Aug 3, 2021

August 3, 2021

The National	SSELimited
Stock Exchange of India Ltd.	Department
Listing Department	of Corporate
Exchange Plaza,	Services
Bandra Kurla Complex, Bandra (East),	Floor 25, Phiroze Jeejeebhoy Towers,
- 400 051	Dalal Street,
Mumbai	Mumbai - 400 001
Company Symbol:	521016
IOL	Scrip Code No.:

Subject: Press Release on Q1 FY22Results

Please find enclosed herewith a copy of Press Release dated August 3, 2021 on Q1 FY22Results.

Kindly take the above on record.

Thanking you,

Yours faithfully,

For Indo Count Industries Limited

Amruta Avasare Company Secretary ACS No.: 18844

Enc!.:A/a

Head Office 301 Arcadia.3rd Floof. Nanman Point. Mumbal- 400 021. Manarashtra.lndla; T; 022 43419500. F: 022 2282 3098 Indo Count Industries Ltd

Markebng OffIce Dosti Imperia. 2nd floor. Manpada. Ghodbunder Road. Thane (w) - 400 607. Manarashtra India. T 022 4151 1800. F 022 2172 0121 Home Teldile DtYiSlOO T3. Kagal- HalltanangaJe FIVeStar MIDC Ind. Area Kolhapur - 416216. Maharashtra India:'" 0231 662 7900. F 0231 6627979 Splnnlllg DivISIOfl- 01. MIOC. Gokul Shirgaon. Kolhapur - 416234. Maharashtra. India. T 0231 268 7400. F 02312672161 Regd Office Office No.1, Plot No 266. Vi tageAlle. Kumbhoj Road Taluka Halkanangale. Drst, Kolhapur - 416109. Manarashlra. lndia T 0230 2463100 12461929 CIN. l722OOPN1988PlC068972.E. ofo@uldocOurn.com. w; www.indoc:ountoom

Normalized figures excludes RoSCTL benefits of Rs 49.99 Crores for the period of January 1, 2021 to March 31, 2021

PAT includes RoSCTL benefits of Rs 49.99 Crores for the period of January 1, 2021 to March 31, 2021

Figures compared on YoY basis

Figures are rounded off wherever required

Indo Count Industries Limited

Mumbai, August 3 rd , 2021

Indo Count Industries Limited (BSE: 521016) (NSE: ICIL), announced its un-audited financial results for the First Quarter ended 30th June 2021.

Commenting on the results, Mr. Anil Kumar Jain, Executive Chairman said,

"The results of the first quarter of FY22 demonstrate our unique strategic vision and the resilience of our Company's operating performance, coupled with intuitive management.

We are witnessing a demand momentum in our end markets. We continue to remain laser focused on increasing our share in the global and domestic market.

As a leading Indian home textile brand and one of the largest international end to end bed linen providers, we are dedicated to our principles of community living and sustainability"

Volumes

• Sales Volume for Q1FY22 stood at 18.1 Mn Mtr V/s 9.9 Mn Mtr on Q1FY21
• FY22: Volume Guidance of 85-90 Mn metres

Q1FY22	Q1FY21	YOY%	FY21
759	336	126%	2,557
178	39	357%	415
23.4%	11.6%	1,184 bps	16.2%
10	11		43
12	5		28
156	23	583%	340*
39	5		91
117	18	563%	249
5.95	0.91		12.70

Particulars (Rs. Crs)	Q1FY22	Q1FY21	YOY%	FY21
Normalized Total Income	709	336	111%	2,557
Normalized EBITDA	128	39	229%	415
Normalized EBITDA %	18.0%	11.6%	644 bps	16.2%

Normalized figures excludes RoSCTL benefits of Rs 49.99 Crores for the period of January 1, 2021 to March 31, 2021

PAT includes RoSCTL benefits of Rs 49.99 Crores for the period of January 1, 2021 to March 31, 2021

Figures are rounded off wherever required * After exceptional item of Rs 3.65 Cr

Indo Count Industries Limited

Strengthening Our Brands Through B2C and D2C

Partnership with British Designer Jasper Conran

Recently partnered with a licensed brand, Jasper Conran O.B.E. for an exclusive bed and bath collection, launching in Spring 2022. The range will be sold and marketed internationally under the Jasper Conran London brand, exclusively through Indo Count The partnership will support Indo Counts long term vison to be the cornerstone for home textiles across the globe

• 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
• Focus on Brand Promotion in US, UK, Middle-East and India through 10 active brands
• Innovation and technological capabilities along with licensed brands, patents, trademarks will further strengthen brand offerings

Awards & Accolades
Recognizedas'TopPerformer'suppliersatWalmart'sGlobalSourcingSustainabilitySummit
Winnerof2GoldTrophiesatTEXPROCILforthesecondconsecutiveyear
▪GoldTrophyforthe'HighestExportPerformanceinCottonmadeups-bedlinen/bedsheets/quilts'
▪GoldTrophyforthe'SpecialAchievementAwardinCottonmade-ups'
'BoutiqueLiving'felicitatedbyTheEconomicTimesas'ETICONICBRANDOF2021'
'Layers'recognizedas'THEFEMINAPOWERBRANDOFTHEYEAR2021'
HonouredwiththeNavabharatGroup'HealthcareCSRoftheyear'award2021.TherecognitionconferredtousbytheGovernorofMaharashtra,forourworktowardsCorporateSocialResponsibility
Sustainability

▪ ICIL is an official member of the U.S Cotton Trust Protocol

▪ The US Cotton Trust protocol provides mills and manufacturers critical assurances they need to prove to their customers that they are an approved supply chain partner for brands and retailers who are sourcing more sustainably grown cotton

New Capacity To Drive Next Leg of Growth – Total Capex of Rs. 200 Crs

BROWNFIELD EXPANSION

• Expansion of its bed linen capacity by **~ 20% existing annual capacity of 90 Mn metres to 108 Mn metres** by debottlenecking and balancing facilities
• 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**

MODERNIZATION OF SPINNING CAPACITY

• Modernization of spinning units with compact spinning technology
• This will entail a capex of **~ Rs. 50 crores**. Post modernization, this capacity will also be used for captive consumption in the home textiles unit

REVENUE VISIBILITY

• These investments are expected to increase the revenue by ~Rs. 600 crores over the next 2 years, post commissioning.
• The total capex will be ~ Rs. 200 crores and will be funded by a mix of internal accruals and debt and is expected to be operational in H2FY22

Indo Count Industries Limited

About Indo Count Industries Ltd.

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.

CARE's credit rating is CARE A+ (Single A Plus; Outlook: Stable) for Company's Long-Term Bank Facilities and CARE A1 (Single A One) for Short Term Bank Facilities. ICRA's credit rating is ICRA A+ (Single A plus; Outlook Positive) for Company's Long-Term Bank Facilities and ICRA A1+ (A one plus) for Short Term Bank facilities.

Safe Harbor Statement

Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.