apparel | Textile Articles | Textile Industry | Textile Technology

Total Revenue of 19,041 Million Posed By Welspun India in FY 23

Published: February 2, 2023
Author: TEXTILE VALUE CHAIN

The revenue was posted in FY23.

Welpsun India is a leading textile company in India. Recently, Welpsun India has reached a revenue of 19,041 million ($232 million) in FY23 (in the 3rd quarter). In comparison to the previous year-2021-2022, the company has seen a decline of 21.9% .

The company’s EBITDA in the current FY 23 was Rs.2286 million with a margin of 12%, with  a decline of 68% in FY 23 itself. As of December 31,2022, net debt was Rs.19,092 million . Since the past 9 months, the company’s revenue has reached Rs.60,196 million rapidly. The margin of EBITDA was 9.2% previously with the EPS being 0.74.

The textile growth of the overall growth was 13% which grew in 2020,2021 and 2022 by 19% in 2023. The company is also planning to establish a power plant in Anjar. The total investment would be 2 million. According to the sources from the company, the power plant would be operational by the first quarter of FY2024 with an expected revenue generation of 500-600 million (which will also be funded through green bonds/debentures).

Welpsun company has also announced a collaboration with Walt Disney in nations such as Europe, Middle East, Africa (EMEA),etc. This collaboration will give them the license to distribute home textiles to characters across Disney,Pixar, Marvel and Lucas brands.

According to Keyur Parekh,“Welspun has seen tremendous success in North American markets from our brand licensing business. He also added by saying that,”Disney is yet another step to take our innovative offerings to a wider consumer base in the EMEA region, so that consumers can re-imagine their living spaces together with Welspun and Disney,”

Related Posts

Jeanologia unveils eDesigner tool for jean production