Indian textile major Welspun India has reported a 21.3 per cent increase in consolidated profit to Rs 174.08 crores for the third quarter ended December 31. The company had posted a net profit of Rs 143.57 crores in the October-December period a year ago. Domestic retail sales continue to witness robust growth and year to date growth stands at 52 per cent. Net sales of the company on a consolidated basis were up 12.19 per cent.
Operating EBITDA zoomed by 17.8 per cent in the third quarter of financial year ’15. Operating EBITDA margin increased 161 bps at 26.9 per cent, versus 25.3 percent in the third quarter of financial year, mainly on account of higher share of innovative and branded products. Net worth stands at Rs 18,332 million as on December 31, 2015.
Welspun India, part of the $3 billion Welspun Group, is among the top three home textile companies in the world. With a distribution network in more than 50 countries and world class manufacturing facilities in India, it is the largest exporter of home textile products from India. Supplier to 14 of the top 30 global retailers, the company has marquee clients like Bed Bath & Beyond, Costco, Kohl’s, Target, Walmart and Macy’s.
www.welspunindia.com/
