Indo Count Industries

Indo Count delivered a stable Q3 FY26 with total income of ₹1,774 croreCurrent reported value: ₹1,774 crore. No comparable prior figure is available in the source record., broadly flat sequentially, despite a full quarter of 50% US tariffs. Core business volumes held at 24.8 million metersCurrent 24.8 million meters. Reported change: Flat QoQ. as the company absorbed tariff costs and offered customer discounts, compressing EBITDA margin to 9.5%Current reported value: 9.5%. No comparable prior figure is available in the source record. (adjusted 10.4%). New business revenue doubled YoY to ₹210 croreCurrent ₹210 crore. Reported change: +16% QoQ., now 20% of topline, driven by utility bedding and branded portfolio. PAT fell to ₹24Current reported value: 24. No comparable prior figure is available in the source record. crore due to margin pressure and ₹9.2 crore labor code impact. Management expects margin recovery from Q1 FY27 as tariff discounts reverse and new business incubation costs (150-200bps) end by March 2026. The EU FTA and US trade deal provide structural tailwinds, but near-term demand visibility remains low. Key risk: US consumer spending may stay muted as retail prices rise, delaying volume recovery.