For the second quarter Welspun’s consolidated net profit fell by 95 per cent.

This was mainly due to high input costs. Revenue from operations slipped 15 per cent during the quarter. The company’s total expenses in the quarter fell four per cent.

Welspun India manufactures a range of home textile products ranging from towels, bathrobes, bath rugs and carpets, mats, area rugs, carpets, bedsheets, utility bedding and fashion bedding. The company is also engaged in the generation of power.

Welspun aims at being carbon and water neutral by 2030 and united in its efforts in safeguarding the environment and communities at large.The company’s strategic efforts are to integrate ESG drivers and adopt a circular approach in all aspects of its operations.

Welspun India was selected as one of the world’s leading companies for sustainability by the Dow Jones Sustainability Index. It was featured in the index due to strong environmental performance as well as significant improvement in its social and governance impact parameters. Welspun India’s ESG Score stood at 48, which was over 62 per cent higher than the average industry score. Additionally, with a score of 45, the entity’s environmental dimension scores were 75 per cent higher than the industry average, while the social dimension score, at 50, was 54 per cent higher than the industry average.