Welspun India Ltd. (WIL) of the $3.5 billion Welspun Group registered revenue of Rs. 44,954 million during 2013-14 against Rs. 36,473 million in 2012-13, representing a growth y-o-y of 23 per cent, with volume growth in towels and rugs and higher realization across different products. This is the highest-ever annual sales in the history of the company.
Operational EBITDA is up by 55 per cent at Rs. 9,211 million (Rs. 5,946 million). Operational EBITDA margin improved to 20.5 per cent in FY14 as compared to 16.3 per cent in FY13. The annual EBITDA and EBITDA margin are at the highest level in the history of the company.
Profit after tax (adjusted for the additional depreciation) grew 87 per cent to Rs. 4,195 million (Rs. 2,248 million) on account of the strong growth in revenues and improvement in operating margins. Net worth at the end of the year stands at Rs. 11,097 million as against Rs. 9,902 million at end-FY13.
Net debt stands at Rs. 26,635 million and net long-term debt at Rs. 15,286 million in FY14. The increase in debt was on account of drawdown of loans for backward integration capex, borrowing for purchase of cotton and consolidation of the captive power plant debt. A dividend of Rs. 3 per equity share was announced by the company Board.
WIL has been ranked the largest home textile supplier to the US for the second consecutive year by the HTT magazine in its annual survey done in February last. Welspun Global Brands, the marketing subsidiary of Welspun India, has been recognized as a “Certified Woman Business Enterprise” by WEConnect International, a non-profit making organisation. The company also received the “Green Manufacturing Excellence International Award 2014 – Frost & Sullivan” and the “CEO Award” from Sears Holding.
The vertical integration project of the company increase spinning and weaving capacity is nearing completion and is almost ready for operation.
Key competing countries in the home textile space – China, Pakistan and to an extent Bangladesh – are facing structural challenges, which are hampering their export competitiveness. 
India is well-placed to take advantage of this opportunity and its market share is expected to improve in the medium term in the global arena.
Speaking about its performance, Mr. B.K. Goenka, Chairman, Welspun India Ltd., said: “Over the last few years, we have transitioned from being purely a textile manufacturer to a one-stop solution provider for clients. This has helped us gain market share and mind share of customers, which is clearly reflected in our financial results. Our capex plans, which are already under implementation, will help us maintain our quality and scale leadership while delivering profitable growth.”
WIL is among the top three home textile manufacturers in the world and the largest home textile company in Asia. With a distribution network in several countries and manufacturing facilities in India, it is the largest exporter of home textile products from India. Supplier to 14 of Top 30 global retailers, the company has marquee clients like Wal-Mart, JC Penny, Target and Macy’s, to name a few.