Welspun India has reported a 55.42 per cent jump in its consolidated net profit for the first quarter of 2015-16. Home textiles firm Welspun India is part of the Welspun Group. The company had reported a net profit of Rs 104.97 crores in the corresponding period of the last fiscal. Its net sales during the quarter under review were up 19.63 per cent as compared to the same period last year.
Capital expenditure plan is as per schedule and Welspun plans to invest around Rs 1,100 crores over the next 12 to 15 months. This capex will entail modernisation, automation and capacity enhancement for towels and sheets as well as routine maintenance. The company’s ongoing initiatives with respect to its own brands as well as innovative products have resulted in another strong quarter of operational and financial performance.
In home textiles sector, Welspun is the largest integrated towel manufacturer in Asia, a leading supplier to 14 of the top 30 US retailers, and a global supplier, offering the entire range of products within the segment.
www.welspunindia.com/
