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India’s Welspun expects 60 per cent revenue growth in three years

  

Welspun India expects revenue to grow by 60 per cent in the next three years. The home textiles firm also operates in segments such as flooring solutions, advanced textiles, retail, hospitality, and wellness.

Export is expected to play a key role in the company meeting its targets. Welspun India is a prominent player in terry towels and sheets and expects demand to pickup in the next couple of quarters. The company is strengthening its core business in the bath and bed sheet segment and is foraying into blankets and throws. Besides, it is increasing its reach by expanding brand and license business share in key markets such as the US, UK, EU, and south east Asia.

It expects overall domestic business to contribute around 11 per cent of its total revenue by fiscal year 2026, rising from three per cent last fiscal. The group is focusing on emerging businesses which include domestic retail, licensed and owned brands, e-commerce, flooring and advanced textiles.

Welspun India expects the topline of its flooring business to grow by 40 per cent by fiscal year 2026. The company has an installed annual capacity of 27 million square meters and expects full utilisation of annual installed capacity by fiscal year 2026.

 
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