Home textiles company Welspun India’s Q2 FY 21 income grew 8.5 per cent to Rs 19,926 million as compared to RS 18,371 million in the same quarter previous fiscal. The company’s EBITDA remained stagnant at Rs 4,048 million. The company fully recovered from lockdown’s impact and plants worked at full capacities. In home products portfolio volume of bath linen and bed linen segments grew 13 per cent each YoY.
Predominantly a B2B textile home products’ supplier to global retailers, Welspun is also evolving into B2C home textile player with direct connection to end consumer. Besides, encouraging growth in its own global and domestic brands, the company expects its licensed brand and e-com businesses to cross $100 million, each, over the next 2 to 3 years of time.
The company is currently upgrading its systems, tools, processes, and up-skilling people while establishing 'digital as the new norm' in our organization, said BK Goenka, Chairman.
