Welspun India has reported a 97.39 per cent increase in its consolidated net profit for the fourth quarter ended on March 31, 2015. Total consolidated income also increased 15.26 per cent during the quarter under review. Consolidated total income from operation increased 21.25 per cent in financial year 2014-2015.
The firm had reported a consolidated net profit of Rs 81.75 crores during the January to March quarter of the last fiscal. The company's focus on innovation as well as strategic partnership with its clients has helped it increase its market share.
One of its key focus areas in the coming year will be the domestic market through its brands Spaces and Welhome. Welspun is the third largest home textiles company globally. It’s the trusted and preferred supplier to 14 of the top 30 global retail giants like Wal-Mart, J C Penney, Target and Macy’s.
The company’s board has recommended a final dividend at the rate of 75 per cent (Rs 7.50 per share), taking the total dividend for the year to 105 per cent (Rs 10.50 per share).