Indian home textile major Welspun’s second quarter net profit jumped 66.5 per cent. The company continues to calibrate capex according to cash flows. In the first half of the fiscal, its capex was Rs 460 crores. For 2019-20, the total capex is expected to be Rs 600 crores. The company has started a flooring business under Welspun Flooring. Welspun is looking at offering luxury performance tiles, wall-to-wall carpets and artificial grass for offices and cricket fields. Its emerging businesses are gaining traction. Its recently commissioned flooring solutions plant could provide tremendous growth opportunities in the domestic market as well as the export market.

Welspun is going into advanced textiles. The big bet on advanced textiles includes making disposable towels out of non-woven textiles and filters for the auto and power sector. Advanced textiles will broadbase Welspun’s clientele by adding sectors such as auto, healthcare and FMCG. The company is known for bed sheets and towels and has introduced reversible bed sheets and quick-dry towels. It is one of the largest suppliers of home textiles to retailers like Walmart, Costco and others. The company also sells premium licensed brand products like Wimbeldon, Nickelodeon and Disney. Branded products account for 17 per cent of its revenues.