Indo Count Industries shares surged 14% to hit a 52-week high of ₹353.40 on Monday's intra-day trading following strong Q4FY26 results. According to reports from Business Standard, the stock price surpassed its previous high of ₹343 touched on February 4, 2026, and has bounced back 63% from its 52-week low of ₹217.25 hit on March 23, 2026. At 12:30 PM, the stock was trading 10% higher at ₹342, significantly outperforming the BSE Sensex which declined 0.09%. The average trading volumes jumped over 10-fold, with 4.6 million equity shares changing hands on both NSE and BSE. The latest market data shows 17 stocks in BSE 500 trading on high volumes, with PTC Industries leading gains at 18.48% and NMDC Steel at 13.2%, while 12 stocks touched their 52-week highs and 13 stocks tanked below their 52-week lows.
As reported by Business Standard, Indo Count Industries reported consolidated revenue growth of 3.4% year-on-year to ₹1,057.7 crore for Q4FY26. While volumes declined 20% YoY to 20.5 million pieces, realisation improved led by better product mix and favourable exchange rates. Input cost conditions were favourable during the quarter, aiding gross margins expansion of 588 basis points YoY to 57.2%. However, consolidated EBITDA margins declined 62 basis points YoY to 8.2%, with consolidated EBITDA falling 4% YoY to ₹86.30 crore. Adjusted profit after tax grew 60.1% YoY to ₹33.8 crore, while reported PAT grew 15% YoY to ₹24.20 crore after adjusting for exceptional items of ₹12.8 crore in IGST interest payment.
According to Economic Times, textile stocks such as Vardhman Textiles, Welspun Living, KPR Mill, and Indo Count surge after the government removes customs duty on cotton imports for five months to increase the supply of contamination-free cotton and support textile exporters amid strong global demand for yarn. The policy change is expected to provide additional input cost relief to the textile industry, supporting the sector's growth prospects. This development comes as part of broader government initiatives to boost textile manufacturing and exports in India.
According to Business Standard, the company announced expansion of existing spindle capacity by 24,000 spindles to 94,000 total capacity to cater to more value-added products, expected to commission by Q2FY27. This expansion will be funded through internal accruals and debt with expected capex of ₹60 crore. The management expects volumes of 105-110 million pieces for FY27 and new business revenues to double to ₹1,500 crore. EBITDA margins are expected to reach 13% in FY27 with improving tariff situation and higher US demand. The Indian government's announcement of removal of custom duty on cotton imports from June 1, 2026 to October 31, 2026 will provide additional input cost relief.
As reported by Business Standard, Mukul Mahavir Agrawal holds 3 million equity shares or 1.51% stake in Indo Count Industries as of March 31, 2026. According to latest corporate shareholdings, Agrawal publicly holds more than 1% stake in 74 stocks with a net worth of around ₹7,400 crore. ICICI Securities noted that the company's performance was all-round beat to analyst expectations, with the reduction in US tariffs to 10% starting to benefit the company. The brokerage expects EBITDA margins to return to normative levels over upcoming quarters, supported by the US trade deal strengthening demand and new facility ramp-up aiding volume growth.
