Q4 2024 Indo Count Industries Ltd Earnings Call Transcript
Key Points
- Indo Count Industries Ltd (BOM:521016) achieved its highest-ever quarterly and yearly revenue of INR1,093 crores and INR3,600 crores respectively in FY24.
- The company recorded its highest-ever annual EBITDA in FY24 amounting to INR603 crores.
- Indo Count Industries Ltd (BOM:521016) has successfully met its volume and margin guidance for FY24.
- The company has embarked on a strategic growth phase with the acquisition of the iconic Wamsutta brand and expansion of its licensed brand portfolio with Fieldcrest and Waverly.
- Indo Count Industries Ltd (BOM:521016) has made significant strides in its ESG initiatives, including the inauguration of a 9.3 megawatt solar power generation unit in Gujarat, contributing to a total renewable energy capacity of 21.5 megawatts.
- EBITDA margin for Q4 FY24 was impacted by one-time promotional activities, reducing the margin by around 2%.
- The company faces challenges in the synthetic product market due to higher costs in India compared to China, impacting competitiveness.
- Indo Count Industries Ltd (BOM:521016) anticipates additional promotional expenses in the coming quarters, which may affect short-term profitability.
- The company’s expansion plans and brand acquisitions require significant investment, which could strain financial resources in the short term.
- Geopolitical risks and inflationary pressures continue to pose challenges to the company’s growth and profitability.
Ladies and Gentlemen, good day and welcome to Q4 FY24 earnings conference call of Indo Count Industries Ltd. This conference call may contain forward looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guaranteed of future performance and involve risks and uncertainties that are difficult to predict.
(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. K R Lalpuria, Executive Director & Chief Executive Officer of Indo Count Industries Ltd. Thank you and over to you, sir.
Thank you. Good afternoon and a very warm welcome to all of you to the Indo Count Industries Q4 and FY24 of earnings call. I have with me, Mr. Muralidharan, our CFO and strategy growth advisor, our Investor Relations adviser.
Happy to connect with you all once again to discuss the Q4 and FY24 performance. Let me
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