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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


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