The upgrade reflects WIL’s better-than-Ind-Ra-expected balance sheet deleveraging through a strong operational performance including capacity utilisations, sales and operating margins post the unlocking of economic activities, as well as, improved working capital management.
The upgrade represents WIL’s better-than-expected balance sheet deleveraging, as measured by capacity utilisations, revenue, and operating margins following the unlocking of economic activities, as well as strengthened working capital management.
WIL is Asia’s largest home textiles company and one of the world’s top two textile firms. The business is India’s largest exporter of home textile goods, selling to 17 of the top 30 global retailers, reducing counterparty risk.
WIL is the largest home textiles company in Asia and among the top two textile companies worldwide. The company has been India’s largest exporter of home textile products and exports to 17 of the top 30 global retailers, thus lowering the counterparty risk. WIL has a healthy scale of operations and a diversified product mix comprising terry towels, bed linen. Furthermore, the fact that WIL’s environmental, social, and governance risks are low reflects a stable and long-term business profile.
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