ICIL Q1 FY27 Guidance vs Delivery (ICIL Management Mirror)

Q1 FY27 Revenue Surges 26% YoY to INR 1,207 Crore; FY27 Guidance Reaffirmed at INR 5,500 Crore

Management reaffirmed FY27 consolidated revenue guidance of approximately INR 5,500 Crore in the Jun'26 Qtr concall, unchanged from the Mar'26 Qtr. Core business revenue is guided at approximately INR 4,000 Crore, and new business (Utility Bedding and US brand business) is expected to contribute approximately INR 1,500 Crore. For Q1 FY27, the company reported actual revenue of INR 1,20,696 Lakh (INR 1,207 Crore), representing a 25.9% YoY increase. Long-term, management maintained its vision (initially set in the Dec'25 Qtr and reaffirmed in subsequent quarters) of doubling revenues by CY28/FY28, targeting an INR 8,000 Crore run rate by CY28, with new business contributing approximately USD 275 million (INR 2,500 Crore).