The consolidated net profit of homes textiles major Welspun India declined to Rs 131.06 crore during the third quarter ended December 2021. The company had posted a consolidated net profit of Rs 174.8 crore in the same quarter last fiscalIts consolidated total income in the third quarter increased to Rs 2,437.92 crore from Rs 2,049.71 crore in the same period last fiscal, it added.
Total expenses increased to Rs 2,234.95 crore as against Rs 1,800.83 crore in the year-ago quarter. BK Goenka, Chairman, says, the company witnessed strong performance in the home textiles segment with 19 per cent year-on-year growth with the segment poised to cross $1 billion revenues in this fiscal year."
However, increasing input costs, rising energy prices and global logistics issues continued to weigh on the margin front, he adds.
