Indo Count Industries eyeing 15-20% revenue growth in FY17

Indo Count Industries (ICIL) is eyeing 15-20 percent growth in business on back of capacity expansion and strengthening business in the domestic market. The company, which gets 90 percent of its revenue from exports, is also looking at expanding export markets as well strengthening presence in other markets, including Australia, Japan, South Africa and the Middle East.

The company has three manufacturing units in Kolhapur in Maharashtra, is spending around Rs 475 crore in two phases on capacity expansion. The investment will be funded by internal accruals and debt.

Indo Count Industries is engaged in the manufacturing of 100% grey combed cotton yarn and knitted fabric. Its product range includes Cotton yarn, Knitted fabrics and Dyed yarn and core-spun yarn.