The company is looking at multiple drivers for growth in the domestic market besides strengthening the export market.
Home textiles major Welspun India expects revenue to cross the Rs. 15,000 crore-mark by FY26, growing around 60% in the next three years, according to a regulatory filing.
Welspun, which also operates in segments such as flooring solutions, advanced textiles, retail, hospitality, and wellness is looking at ‘multiple drivers for growth’ in the domestic market besides strengthening the export market.
Welspun India said it is poised to grow at ‘3X of the market growth rate’ in the domestic textile market. “FY26 expected to be upwards of Rs. 15,000 crore at a Compound Annual Growth Rate (CAGR) of 24% (over FY23 expected).” Export is expected to play a key role in the company meeting its targets.
The company further said it is strengthening its core business in the bath and bed sheet segment and is foraying into blankets and throws in North America. Besides, it is increasing its reach by expanding brand and license business share in key markets such as NA, UK, EU, SEA (South East Asia).
It expects overall domestic business to contribute around 11% of its total revenue by FY26, rising from 3% last fiscal, the company said. The group is focusing on ”emerging businesses” which include – domestic retail, licensed and owned brands, e-commerce, flooring & advanced textiles.
Welspun India expects the top line of its flooring business to ”grow by 40% CAGR to reach Rs. 2,500 crore by FY26 over FY22.” The company has an installed annual capacity of 27 million square metre and ”expects full utilisation of annual installed capacity by FY26”.
In the domestic market, the company is expanding its retail presence into the country ”through TT/MT (traditional trade and modern trade) channels and E-commerce,” it added. An increase in urban population, aided by higher disposable income and consumers’ shift towards organised retail are expected to be industry growth drivers.
Welspun, which owns the brands such as Christy, Spaces is a global leader in home textiles. It has 30 owned, licensed and ingredient brands.
Welspun India Limited is a global leader in Home Textiles and one of the largest home textiles manufacturers in the world. The Company offers a broad spectrum of home and advanced/technical textiles products and flooring solutions. With a distribution network in over 50 countries, the Company is the largest exporter of home textiles products from India. It is the trusted partner and preferred supplier to top global retail giants and hospitality players, and supplies from its world-class manufacturing facilities at Anjar and Vapi, both in the state of Gujarat in India. WIL is differentiated by its strategy based on Brands, Innovation, and Sustainability.
The Company’s revenue is predominantly derived from exports to various countries worldwide, with a strong presence in key markets such as the US and the UK. In the US, it has a dominant presence in the towel and bed linen market, and in the UK, it is present across every major store via its own brands and private label. The Company is continuously working on increasing its footprint in newer geographies, including Continental Europe, Japan, Australia, the Middle East, and the Indian domestic market in particular. Even as exports contribute a very large part of its overall business, WIL is keen to also expand its domestic market presence and has taken a series of actions in that direction, the positive results of which are reflected in its operating and financial performance.
The company is looking at multiple drivers for growth in the domestic market besides strengthening the export market.
Home textiles major Welspun India expects revenue to cross the Rs. 15,000 crore-mark by FY26, growing around 60% in the next three years, according to a regulatory filing.
Welspun, which also operates in segments such as flooring solutions, advanced textiles, retail, hospitality, and wellness is looking at ‘multiple drivers for growth’ in the domestic market besides strengthening the export market.
Welspun India said it is poised to grow at ‘3X of the market growth rate’ in the domestic textile market. “FY26 expected to be upwards of Rs. 15,000 crore at a Compound Annual Growth Rate (CAGR) of 24% (over FY23 expected).” Export is expected to play a key role in the company meeting its targets.
The company further said it is strengthening its core business in the bath and bed sheet segment and is foraying into blankets and throws in North America. Besides, it is increasing its reach by expanding brand and license business share in key markets such as NA, UK, EU, SEA (South East Asia).
It expects overall domestic business to contribute around 11% of its total revenue by FY26, rising from 3% last fiscal, the company said. The group is focusing on ”emerging businesses” which include – domestic retail, licensed and owned brands, e-commerce, flooring & advanced textiles.
Welspun India expects the top line of its flooring business to ”grow by 40% CAGR to reach Rs. 2,500 crore by FY26 over FY22.” The company has an installed annual capacity of 27 million square metre and ”expects full utilisation of annual installed capacity by FY26”.
In the domestic market, the company is expanding its retail presence into the country ”through TT/MT (traditional trade and modern trade) channels and E-commerce,” it added. An increase in urban population, aided by higher disposable income and consumers’ shift towards organised retail are expected to be industry growth drivers.
Welspun, which owns the brands such as Christy, Spaces is a global leader in home textiles. It has 30 owned, licensed and ingredient brands.
Welspun India Limited is a global leader in Home Textiles and one of the largest home textiles manufacturers in the world. The Company offers a broad spectrum of home and advanced/technical textiles products and flooring solutions. With a distribution network in over 50 countries, the Company is the largest exporter of home textiles products from India. It is the trusted partner and preferred supplier to top global retail giants and hospitality players, and supplies from its world-class manufacturing facilities at Anjar and Vapi, both in the state of Gujarat in India. WIL is differentiated by its strategy based on Brands, Innovation, and Sustainability.
The Company’s revenue is predominantly derived from exports to various countries worldwide, with a strong presence in key markets such as the US and the UK. In the US, it has a dominant presence in the towel and bed linen market, and in the UK, it is present across every major store via its own brands and private label. The Company is continuously working on increasing its footprint in newer geographies, including Continental Europe, Japan, Australia, the Middle East, and the Indian domestic market in particular. Even as exports contribute a very large part of its overall business, WIL is keen to also expand its domestic market presence and has taken a series of actions in that direction, the positive results of which are reflected in its operating and financial performance.