Business

Welspun on Growth Trajectory: Quarterly Revenue Crosses 4 Billion Milestone

Welspun India Ltd., part of the US$ 3 bln Welspun Group announced Q3, FY16 results recently showing strong growth in operating EBITDA & PAT compared to last year.

1. Highest home textile supplier to the US for the fourth year in a row

2. Operational EBITDA margin at 26.9%, an all-time high; PAT up 21% YoY

3. Net Debt/Op EBITDA at 1.75x; Net Debt/Equity at 1.44x

4. 'Hygro' campaign gained significant traction

5. Board approves stock split from `10/share to `1/share

Speaking about the performance, B.K. Goenka, Chairman, Welspun Group, said, "We continue on our path of profitable and socially responsible growth. Our focus on innovation and branding got another boost during the quarter with the launch of our patented product viz. 'Hygro Cotton' as an ingredient brand. The awards and accolades received by us during the quarter bears testimony to our exemplary customer centricity."