Global home textile leader Welspun India’s FY’22 revenues increased by 26.6 per cent Y-o-Y to Rs 93,773 million. Revenues from the textile division reached Rs 87,911 million during the year on account 1 per cent Y-o-Y increase in sales of terry towels, 6 per cent Y-o-Y increase sales of bedsheets and 19 per cent Y-o-Y increase in sales of rugs.

The company’s emerging businesses of e-commerce, brands, flooring, and advanced textiles grew by a cumulative 44 per cent during the fiscal year. The share of these businesses in the overall revenue increased to 26 per cent from 23 per cent last year. Domestic retail turnover grew by 66 per cent in FY22. Flooring continued its upward trajectory and grew by 107 per cent during the fiscal. The investment in all of the company’s emerging businesses is starting to reap the desired results to drive itsgrowth plans for the future. The company is focusing on its medium to long term strategic priorities and growth pillars by emphasizing on sustainable growth, profitability, and deleveraging its balance sheet.