Home / Knowledge / News / Textiles / Welspun aims 150% sales boost to $2.5 bn by 2020
Welspun aims 150% sales boost to $2.5 bn by 2020
16
Oct '15
India's largest and the world's third-largest home textiles manufacturer, Welspun, has set an ambitious target of more than doubling its revenue to $2.5 billion in the next five years, according to a media report.

The Mumbai-headquartered Welspun Group, has a market share of 5 per cent in the $17-billion American home textiles space. It rakes in $1 billion of its group revenue of $3 billion from the textiles business.

"We have set a revenue target of $2.5 billion by the turn of the decade. We also expect 25 per cent of sales to come from branded products, which is only around 11 per cent now,” Dipali Goenka, Welspun Global Brands managing director told a news agency in Manhattan.

The company expects the higher growth will again be driven by the US market as it plans to increase its focus in the world's largest textiles market further. The US contributes around 65 per cent of the total sales now.

Goenka said around 31 per cent of total sales come from innovative, patented products like HyGro cotton, and though the company is present in 50 countries, it manufactures all its products at its two Gujarat plants at Anjar and Vapi.

The company aims to notch up 40 per cent of sales from innovative products by 2020. The company has also targeted taking the overall branded sales or direct sales to end-users to 25 per cent by 2020, she said. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Bani Batra

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

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X