Welspun Living Targets Rs 17 Billion Topline by FY27; Plans New Pillow Unit

The textile and home furnishings company plans to establish a pillow manufacturing unit in Anjar.

Welspun Living, a sustainable home solutions company with a distribution network spanning over 50 countries and advanced manufacturing facilities in India, is targetting a topline of Rs 17 billion from its domestic business by FY27. The company has a robust presence internationally and domestically.

The textile and home furnishings company plans to establish a pillow manufacturing unit in Anjar.

The rise in the construction of new homes and renovations of existing ones, the demand for home furnishings in India is expected to grow. Consequently, the company is aiming to achieve Rs 12 billion from its home textile segment and Rs 50 billion from its flooring segment in topline by FY27.

Welspun Living currently offers home furnishing solutions under two brands, Welspun and Spaces, and is planning to launch its new brand, Christy, in India soon. The company is also set to expand its portfolio under the Spaces brand, which already offers bespoke sheets and towels, by introducing bespoke mattresses and pillows.

Currently, Welspun Living has a presence in 20,000 stores across 600 districts in India, with plans to expand to 50,000 stores by FY27. The company’s manufacturing facilities are located in Anjar (producing bed sheets, terry towels, and advanced textiles), Vapi (producing terry towels and rugs), and Telangana (focused on advanced textiles and flooring). These plants are operating at over 85 to 90 per cent capacity, and the company is looking to increase production by addressing bottlenecks.

Additionally, the company is investing $12.5 million to set up a fully automated pillow manufacturing unit in Ohio, USA. This facility, with a capacity of 6.7 million pillows, is expected to be operational by the second quarter of FY 2024-25.