Home / Knowledge / News / Textiles / Q1 net at home textiles maker Welspun up 10.29%
Q1 net at home textiles maker Welspun up 10.29%
29
Jul '16
Courtesy: Welspun
Courtesy: Welspun
For the first fiscal quarter ended June 30, 2016, Indian home textiles manufacturer and exporter posted a 10.29 per cent year over year net profit growth at Rs 201.85 crore.

Net sales too rose in double digits at 11.30 per cent to Rs 1,386.46 crore for the quarter under review as against Rs 1,245.6 crore in the prior fiscal's first quarter.

In a BSE filing, the company said it has planned to invest Rs 800 crore as capital expenditure in fiscal 2016-17, of which Rs 140 crore has already been spent in the reporting quarter.

Towels annual capacity by end of current fiscal is expected to reach 72,000 metric tons, as against 60,000 at end of earlier fiscal, while bed linen will have capacity of 90 million metres compared to 72 million metres. (AR)

Fibre2fashion News Desk - India


Must ReadView All

'Sportswear is much more mainstream than earlier'

Fashion | On 20th Jul 2018

'Sportswear is much more mainstream than earlier'

The business of sportswear has evolved at a fast pace over the years. ...

Courtesy: YKK

Textiles | On 20th Jul 2018

Japanese firm YKK explores opening office in Uzbekistan

Japanese company YKK recently discussed with the Uztuqimachiliksanoat ...

HFPA alerts member firms on latest US tariff announcement

Textiles | On 20th Jul 2018

HFPA alerts member firms on latest US tariff announcement

The US Home Fashion Products Association (HFPA) has alerted its...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search