**1. Business Performance:** Indo Count reported Q3 FY26 revenue of 1,074 Cr, down 0.7% QoQ and 8.0% YoY.

New businesses (utility bedding & USA brand) were a bright spot, contributing 20% of revenue (210 Cr) and growing 16% QoQ, offsetting tariff impacts on core business.

Adjusted EBITDA was 112 Cr with a 10.4% margin, reflecting tariff impact and new business incubation costs.

Net profit stood at 24 Cr. **2. Growth Drivers or Strategy:** The company is aggressively diversifying with Indo Count 2.0, expanding from a single business to multiple value-added segments and product offerings.

Key strategies include leveraging new trade deals (EU-FTA, USA), establishing a multi-location manufacturing network in the USA, and reviving iconic brands like Wamsutta.

The goal is to grow the USA addressable market from $4Bn to $15Bn. **3. Recent Developments:** A new greenfield pillow manufacturing facility in the USA began commercial operations in January 2026, marking their third facility there.

Indo Count also saw its S&P Global ESG Score sharply rise to 78, placing it in the top 3 percentile globally within its industry. **4. Key Financial Metrics:** Q3 FY26: Revenue 1,074 Cr (-0.7% QoQ), Adj.

EBITDA 112 Cr (10.4% margin), PAT 24 Cr, EPS 1.23. 9M FY26: Revenue 3,123 Cr (-1.2% YoY), Adj.

EBITDA 354 Cr (11.3% margin), PAT 102 Cr, EPS 5.17. **5. Management Commentary / Outlook:** Management expects improved momentum from eased tariff uncertainty and new USA facility.

They aim to double revenues by 2028, with new brands and utility bedding segments targeted to contribute ~$275 million.

Strategic focus includes ongoing investments in talent, innovation, and core business growth.