Indo Count made strategic acquisitions, including the US-based quilt and pillow manufacturer FLUVITEX USA.
Indo Count Industries has announced its unaudited financial results for the quarter and half year ended 30th September 2024. The company reported a total income of Rs 19.95 billion for H1FY25, reflecting a growth of 12.1 per cent year-on-year. During the period, Indo Count made strategic acquisitions, including the US-based quilt and pillow manufacturer FLUVITEX USA, which marks the company’s entry into the US utility bedding manufacturing market. Additionally, the company acquired Modern Home Textiles, Inc, a manufacturer of a wide range of pillows and other filled products located in Phoenix, Arizona.
Commenting on the results Anil Kumar Jain, Executive Chairman said, “We are pleased to report that our H1 FY25 results have been encouraging, showcasing strong momentum across our business. While supply chain challenges persist, we remain confident in our growth trajectory.
Through our strategic acquisitions, we have successfully established a manufacturing footprint in the US, marking the beginning of a new journey into the utility bedding segment. These opportunities are expected to drive long-term growth and will continue to yield positive results in the years to come.
With our proactive acquisitions and strategic investments, we are confident in our ability to achieve remarkable success in coming years.â€
Indo Count Industries (ICIL) is the largest global Home Textile bed linen manufacturer. 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 current annual capacity is 153 million metres.