For the second quarter Welspun net sales were Rs 2440.03 crores as compared to Rs 2043.21 crores during the period ended September 30, 2017. Net profit was Rs 55.84 crores as against Rs 40.37 crores for the period ended September 30, 2017. For the six month period net sales were Rs 4525.54 crores as compared to Rs 3724.98 crores during the six month period ended September 30, 2017.
Net profit was Rs 99.49 crores as against Rs 91.55 crores for the six month period ended September 30, 2017.
The company has a guidance of eight to ten per cent in volumes for the current financial year. Hydro cotton has been commercially successful and continues to see good growth. Welspun sees a promising future for WEl-Trak after the success of hydro cotton.
The textile firm sees a positive growth momentum in volumes and is confident of achieving its annual guidance for revenues and profits. Welspun continues to pursue its differentiation strategy based on branding, innovation, sustainability and its patented traceability solution.
