Browsing: Welspun

Welspun India’s leading innovation brand—HygroCotton—has completed 15 years. The company has also accomplished another milestone of achieving $1 billion of global sales (FOB) since its introduction.

The Union Textile Ministry signed agreements with leading textile playes like Raymond, Welspun, Titan, Reliance Retail and the Sachin Tendulkar-promoted True Blue, under which these companies will procure more from the weavers directly.

Textile firm Welspun India reported a 21.38 per cent increase in consolidated net profit at Rs 121.69 crore for the September quarter. The company had posted a net profit of Rs 100.25 crore in the July-September quarter a year ago.

Bed linen has a 49 per cent share in Indian home textiles market. India exported $416.4 million of bed linen in 2017 growing at a CAGR of 13 per cent, says Avinash Mayekar.