Welspun India Ltd. (WIL), a global leader in Home Textiles and part of the US$ 2.7 billion Welspun Group, announced FY22 results. Total revenue stood at ₹ 93,773 mn in FY22, up by 26.6% YoY. Textile business revenue at ₹ 87,911 mn reported sharp increase in FY22 on account of higher sales volume of Terry […]
Demand momentum is expected to sustain during Q2-Q4 FY2022, continuing on the trend of past three quarters Export demand has been mainly driven by the US, the largest market, accounting for ~60% share in India’s home textile exports Despite economies opening up, increased prevalence of stay-at-home options is supporting demand; institutional demand also likely to […]