A prominent player in the Indian textiles industry, Welspun Living reported a 16 per cent rise in consolidated net profit to Rs 146 crore in the fourth quarter ended March 31. This company also recorded a 19 per cent increase in revenue, reaching Rs 2,617 crore for the quarter.
For the entire FY 2024, Welspun Living's total income increased to Rs 9,825 crore with net profit rising to Rs 681 crore. Dipali Goenka, Managing Director and CEO, Welspun Living emphasises on the company's sustainable growth as EBITDA increased by 73 per cent to reach 15.4 per cent during FY24.
Despite challenges in the retail market, Welspun Living's domestic retail segment demonstrated resilience throughout the year. The company's flagship brand, 'Welspun,' expanded its presence to over 600 towns and 20,000-plus stores. This expansion contributed to the brand's highest-ever revenues in FY24.
A specialist in home textiles, Welspun Living offers a diverse range of products such as bed sheets, bath linen, and curtains under its private labels. With its robust performance and strategic growth initiatives, the company maintains a strong foothold in the home textiles segment.
