August 3, 2021

The NationalStock Exchange of India ltd.Listing Department	BSELimitedDepartmentof CorporateServices
Exchange Plaza,Bandra Kurla Complex, Bandra (East),Mumbai- 400 051	Floor 25, Phiroze Jeejeebhoy Towers,Dalal Street,Mumbai - 400 001
Company Symbol:IOL	Scrip Code No.:521016

Subject: Investor Presentation Q1 FY 22

Please find enclosed herewith a copy of Investor Presentation on financial results for Q1 FY22.

Kindly take the above on record.

Thanking you,

Yours faithfully,

For Indo Count Industries Limited

?m;:ta Avasare Company Secretary ACS No.: 18844

Enc!.:A/a

Indo Count Industries Ltd

Head omce 301, Arcadla, 3rd Floor, Nariman Point, Mumbal - 400 021. Maharashtra,lndia: T. 022 4341 9500, F 022 22823098 Marketlng Office Dosti Impena. 2nd floor. Manpada, Ghodbunder Road. Thane (w) - 400 607. Maharashtra. India; T: 022 4151 1800, F. 022 2172 0121 Home Texllle D,vlSIor T3. Kagal- HatkanangaJe FIVeStar, MIOe Ind. Area. Kolhapur - 416216. Maharashtra. India; T: 0231662 7900. F: 02316627979 Splnrlng D'VIsIOn01. MIOe, Gokul Shirgaon. Kolhapur - 416234. Maharashtra, India; -:-0231 268 7400. F: 02312672161 Reqd Office Office No.1, Plot No. 266, Village Alta. Kumbhoj Road.Taluka Hatkanangale. Oisl Kolhapur - 416109, Maharashtra. India; T 0230 2463100 12461929 elN. L72200PN1988PLC068972. E info@indocounlcom, W www-indocounLoom

Indo Count Industries Limited

Q1FY22 Investor Presentation

August 2021

This presentation and the accompanying slides (the "Presentation"), which have been prepared by Indo Count Industries Ltd. (the "Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

This presentation contains certain forward-looking statements concerning the Company's future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forwardlooking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company.

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 in 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"

✓ Government approves continuation of Rebate of State and Central taxes and Levies (RoSCTL) till March 2024 on Export of Apparel/ Garments and Made-ups
✓ This would boost export in global markets; make Indian products globally competitive
✓ Gives much needed fillip to the envisioned goal of "Aatmanirbhar Bharat"
✓ Provide a level playing field to Indian Textile exporters
✓ This scheme is likely to provide direct and indirect employment to lakhs of people

"The extension of the scheme for almost three years provides stability and predictability, which augurs very well for the long-term contracts thereby ensuring additional investment in the segment creating new employment opportunities in the sector''

- Federation of Indian Export Organizations (FIEO)

FACTORS THAT CONTRIBUTED TO RETAIL GROWTH

Adoption of omni-channel distribution

Multiple sales avenues and accelerated shift towards digital commerce

Consolidation of Big box retailers

Retailer consolidation due to their higher financial capabilities and their presence in selling essential products

Home - A center stage

Increased consumer spending due to work from home and social distancing measures

Increasing importance of Health, Hygiene & Wellness Products

Shift in demand towards value added categories of health, hygiene and wellness due to additional demand

2011 2013 2019 2010 2012 2014 2015 2016 2017 2018 2020 2021

NRF predicts that the retail sales will grow between 10.5% and 13.5% to to an estimated total of $4.44 trillion to $4.56 trillion in 2021, as the economy rebounds from the pandemic and customers spend money they have socked away

Retail Ecommerce Sales in US, 2019 – 2025

% of Total Retail Sales (YoY)

Online shopping has emerged as the most demanding and popular online activity worldwide.

The pandemic brought the "structural shift" in the shopping behaviour of the customers and strict Covid-19 protocols have played a major role in pushing the e-commerce and retail sector up to a greater extent not only in metros and megacities but also in tier-II and tier-III regions and beyond.

INDIA GAINING MARKET SHARE IN USA HOME TEXTILES MARKET

Figures in %

China+1 strategy has led to increase in India's market share

FACTORS PLAYING OUT FOR INDIAN HOME TEXTILE PLAYERS

utility & institutional category and India is still at an

✓ China + 1 strategy is helping to shift these product

✓ Indian Home Textile Industry stands to gain on this

potential shift of these product categories

initial stage

categories to India

and productivity in manufacturing

This has created additional demand for Home Textile products

ACHIEVEMENTS

Winner of 2 Gold trophies for the second consecutive year

TEXPROCIL Recognized as 'TOP PERFORMER' Supplier at Walmart's Global Sourcing Sustainability Summit

'Boutique Living' felicitated by The economic times as 'ET ICONIC BRAND OF 2021'

'Layers' recognized as 'THE FEMINA POWER BRAND OF THE YEAR 2021'

Mr. Mohit Jain honoured with The Economic Times Business Leader: Youth Icon Textiles Award 2021

Indo Count is an official member of the U.S Cotton Trust Protocol

The partnership will support Indo Counts long term vison to be the cornerstone for home textiles across the globe

Announced new partnership 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 Industries
This partnership with Jasper will create a high quality bed and bath brand incorporating natural fibres in superior thread counts and fabric constructions, using the most advanced technologies
Attention to detail and the integrity of the product will be central to the values of the brand

SALES VOLUME PERFORMANCE

operations

in million metres 9.9 22.8 23.9 21.7 18.1 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Resilience in volumes Quarterly Performance Covid lockdown impacted 85-90 FY19 FY20 FY21 FY22E 61.8 57.5 78.2 CAGR: 17% Annual Performance Impacted by Covid induced lockdown resulting in shutdown of manufacturing activities from 15th May'21 to 23rd May'21

On track to achieve FY22 Volume Guidance of 85-90 Mn metres

CONSOLIDATED Q1 FY22: GROWING VOLUMES, REVENUES & PROFITABILITY

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

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Complete Comfort

Particulars (Rs. Crs)	Q1FY22	Q1FY21	YOY%	FY21
Total Income	759	336	126%	2,557
EBITDA	178	39	357%	415
EBITDA Margin (%)	23.4%	11.6%	1,184 bps	16.2%
Depreciation	10	11		43
Finance Cost	12	5		28
PBT	156	23	583%	340*
Tax	39	5		91
PAT	117	18	563%	249
EPS	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%

* After exceptional item of Rs 3.65 Cr

Figures are rounded off wherever required

CONSOLIDATED BALANCE SHEET

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Complete Comfort

ASSETS (Rs.Crs)	31-Mar-21	31-Mar-20
Non-Current Assets
Property, Plant & equipment	540	554
Capital Work in progress	8	6
Right of Use	18	18
Other Intangible Assets	3	3
Financial Assets
i) Loans	4	4
Other Non-Current Assets	8	6
Total Non-Current Assets	581	591
Current Assets
Inventories	718	524
Financial Assets
i) Investments	167	0
ii) Trade Receivables	516*	242
iii) Cash and Cash Equivalents	120	139
iv) Bank Balances	7	11
v)Loans	1	0
vi)Other Financial Assets	51	4
Current Tax Assets	9	23
Other Current Assets	126	161
Total Current Assets	1,715	1,105
Total Assets	2,296	1,696

EQUITY AND LIABILITIES (Rs.Crs)	31-Mar-21	31-Mar-20
Equity
Equity Share Capital	39	39
Other Equity	1,245	947
Non-Controlling Interest	6	7
Total Equity	1,290	993
Non-Current Liabilities
Financial Liabilities
i) Borrowings	19	36
ii) Other financial liabilities	2	6
Provisions	3	6
Deffered Tax Liabilities	80	57
Other Non-Current liabilities	8	8
Total Non-Current Liabilities	111	114
Current Liabilities
i)Borrowings	537	293
ii)Trade Payables	235	129
iii) Other financial liabilities	29	92
Other Current Liabilities	94	75
Total Current Liabilities	895	589
Total Equity and Liabilities	2,296	1,696

*Extension of delivery schedules on account of logistical challenges in February and March led to increase in debtors

IMPROVING PERFORMANCE RATIOS

0.24 0.18 0.20 FY19 FY20 FY21 NET DEBT/EQUITY

FY20 includes exceptional items of Rs. 98 Crs All figures on Consolidated Basis

NEW CAPACITY TO DRIVE NEXT LEG OF GROWTH

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

Capacity utilization ramp-up to drive FCF generation and improved return ratios

COMPANY SNAPSHOT

ABOUT US

Domestic Business

Launch of B2C & D2C brands

Largest manufacturer and exporter of bed sheets, bed linen, quilts from India while being the top bed sheet supplier to the US

Comprehensive product portfolio in the premium segment that comprises of bed sheets, fashion bedding, utility bedding and institutional bedding

OUR GLOBAL REACH

Indo Count exports to more than 54 countries across 5 continents and going forward to widen its geographical footprint

The Maps provided are for pictorial representation only

Flat Sheet Fitted Sheets Pillow-cases

Comforters & Duvets Shams & Decorative Pillows Quilts, Coverlets

Mattress Pads, Protectors, Pillows Down Alt Comforters

Basic white sheets Shams & Pillows Bed Skirts, Duvet covers

FORAY IN B2C & D2C SEGMENT

ENHANCING DOMESTIC PRESENCE – BOUTIQUE LIVING & LAYERS

CAMPAIGNS IN INDIAN MARKET MARKETING STRATEGIES

Influencer marketing via local influencers
Initiated Personal based marketing and created ad campaigns for impressions and link clicks
Amazon, FB and IG linked Campaigns created

TIE-UP WITH ONLINE PLATFORM

• Initiated Marketing Advertisements with Myntra, Flipkart, Home-centre, Shoppers Stop and Amazon

A design board created for the Metamorph Collection

Other strategic Tie-ups

Initiated new Retail Branding commitments for LFS and MBO
Integration with B2B Lead generation agencies for new business opportunities

ACTIVITIES DURING THE QUARTER – BOUTIQUE LIVING

Partner of The Father movie in association with PVR Pictures. This gave us a platform to launch our latest Amethyst Collection

CAMPAIGNS

A design board created for the Habitat Collection for World Earth Day

A design board created for the Heirlooms of India

ACTIVITIES DURING THE QUARTER - LAYERS

GROWING OUR BRAND PORTFOLIO

SUSTAINABILITY IS IN OUR DNA

Project GAGAN:

A sustainable

The programme aims at improving awareness among the farmers to cultivate sustainable forms of cotton.

In step with this mindset, we launched an initiative called 'GAGAN' to help farmers to cultivate sustainable cotton through our Better Cotton Initiative (BCI).

cotton initiative

Associated with SAC (Sustainable Apparel Coalition) through HIGG index tool. Two of our facilities at Gokul and Kagal have been certified with the Sustainable Apparel Coalition.

HIGG INDEX

The Higg Index delivers a holistic overview that empowers us to make meaningful improvements that protect the wellbeing of our factory workers, local communities, and the environment.

We are a Sustainable Textile Production (STep) certified company with all of our products authorised to use the 'Made in Green' labelling.

OEKO-TEX® Made in Green is a traceable product label for all forms of textiles.

A Made in Green product ID verifies that the item has been thoroughly inspected for hazardous substances. This is achieved by certification according to STANDARD 100 by OEKO-TEX®

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.

Indo Count has contributed towards Project Gigaton since inception for reducing GHG emissions through various initiatives.

Indo Count has been awarded with the tittle of "Giga Guru" consecutively for the last three years.

>25000 MT Green House Gas Emissions reduction across various Gigaton Pillars

Indo Count is determined to protect the planet and people by contributing to climate change reduction by adopting of more renewable energy resources.

Indo Count collaborating with "The Science Based Targets initiative" (SBTi). SBTi is a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact.

SBTi offers various resources and guidance to companies worldwide to reduce carbon footprints and ensure a greener tomorrow.

This initiative has made our supply chain more sustainable and eco-friendlier

Dyes from Natural Waste Extract

To foster our sustainable offerings, we are using plantbased dyes on organic cotton for our PureEarth collection.

These dyes are synthesized from non-edible waste byproducts from agriculture and herbal industries, such

as turmeric, tamarind, pomegranate, indigo, nutshells, leaves and residues from plants like beets and bitter oranges, leaving the edible part still available for food consumption.

EDUCATION

We developed and adopted multifaceted approach through Elearning to increase attendance and stimulate learning amongst students
Besides E-learning, various other initiatives include distribution of school bags, Improving infrastructure in schools and providing educational support to the visually challenged students
50,000+ students of 100+ schools in and around Kolhapur have benefitted

HEALTHCARE

Medical Vans reaching 100 rural villages around Kolhapur providing free medicines and check-ups
3,50,000+ patients have been benefitted
Renovated Female Maternity & Gynac ward along with Cardiac department for a government hospital in Kolhapur
Renovation of District AIDS prevention and control unit

WOMEN EMPOWERMENT

Trained women through our skilled development centre
We partnered with the Government's Samarth Scheme a scheme for capacity building in the textiles sector (SCBTS). It is aimed at providing training and employment to potential youth in the textile space.

WATER & SANITATION

Installed pure drinking water facilities in various schools and public places
Collaborated with village gram panchayats to establish various sanitation programmes

CSR INITIATIVES

AWARDS & RECOGNITIONS

TEXPROCIL EXPORT AWARDS 2019-20

Indo Count Industries Ltd. wins for a second consecutive year, two golds at Texprocil Export Awards 2019-20

Gold Trophy for the Highest export performance in Cotton Made Ups-Bed Linen/Bed Sheets/Quilts

Gold Trophy for the Special Achievement Award in Cotton Made-ups

✓ Recognized as 'Top Performer' suppliers at Walmart's Global Sourcing Sustainability Summit
✓ In Walmart 'Project Gigaton', Indo Count has contributed towards reducing GHG emissions through various initiatives such as installation of solar plant, and reduction in fresh water consumption via water recycling plant
✓ As an organization Indo count also supports Walmart's commitments on sustainable fibers, recyclable/sustainable packaging, and implementation of HIGG index

'BOUTIQUE LIVING' FELICITATED BY THE ECONOMIC TIMES AS 'ET ICONIC BRAND OF 2021'

'LAYERS' RECOGNIZED AS 'THE FEMINA POWER BRAND OF THE YEAR 2021'

Mr. Mohit Jain honoured with The Economic Times Business Leader: Youth Icon Textiles Award 2021

The 2021 edition of the Awards aimed to bring to the forefront noteworthy business leaders who are spearheading our economy by inspiring accelerated and sustainable growth in their respective fields, post the unprecedented COVID Crisis.

Mr. Mohit Jain has been actively steering growth at Indo Count, with his exemplary vision and vast experience in the textile domain.

"At Indo Count, our key focus has always been to weave an unforgettable legacy of corporate excellence and exceptional service. We continue to transform the world of textiles, one thread at a time."

-Mr. Mohit Jain, Executive Vice Chairman of Indo Count Industries Ltd

DSBI
4thEdition
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HEALTHCARE AWARD
2021


Exemplary Excellence

INDO COUNT INDUSTRIES LTD. - KOLHAPUR
Healthcare CSR of the year
The fearful pandemic which started in India last year has had very severe repercussions on
Business, trade and lives of individuals. There was no known cure or vaccine preventing
people from getting infected.
At this juncture, on the call of Hon'ble Prime Minister, Doctors, Nurses, Health workers andHospitals came forward and worked relentlessly without caring for their own lives, serving and
saving patients. It also includes individuals, institutions & administrators who worked towardseasing the pandemic. In real sense Doctors, Nurses, Health workers, Hospitals & Social
workers were God sent and should be aptly referred as Corona Warriors.
Navabharat Group salutes these front-line Corona Warriors by recognizing their overall
contribution honoring them through'Navabharat Healthcare Awards 2021'

By the hands ofIn Presence of
Shri, Bhagat Singh KoshyariShri. Rajesh TopeHon'ble Governor of MaharashtraCabinet Minister for Public Health
Govt. of MaharashtraIn Presence of
A alester

MD, Navabharat Group
31st July 2021
MAHARASHTRA MADHYAPRADESH CHHATTISGARH ODISHA
4 States, 3 Languages, 20 Editions

Honoured with the Navabharat Group 'Healthcare CSR of the Year' Award
The recognition was conferred to Indo Count by the Governor of Maharashtra, for our work towards Corporate Social Responsibility
Commenting on the illustrious achievement, Mr. Mohit Jain, Executive Vice-Chairman of Indo Count Industries Ltd. stated, At Indo Count, we believe that the community is a key constituent of the nation's growth. We have always strived to be resolute in standing by the community enabling them to become resilient in facing challenges and overcoming them. We will continue our endeavors with further relevant initiatives to address the needs of the society."

Indo Count Industries Limited CIN: L72200PN1988PLC068972

Mr. K.R. Lalpuria, Executive Director & C.E.O [email protected]

Mr. K. Muralidharan, Chief Financial Officer (CFO) [email protected]

www.indocount.com

Company : Investor Relations Advisors :

Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285

Mr. Shogun Jain

[email protected] | +91 77383 77756

Ms. Ami Parekh [email protected] | +91 80824 66052