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Welspun reports 49% growth in top line
02 Jun '07
3 min read
Speaking on the results, Mr. Rajesh R. Mandawewala said, “The credit of our results is all due to the sincere efforts and dedication of every employee at Welspun. We expect our recent initiative to add more production capacities particularly the initiative in Mexico to show significant results."
"Further, the emphasis on natural fibre and our own patented brand 'Vitare', which is being aggressively promoted in world's largest specialty store chains shall enable our transition into more and more branding zone”.
Management outlook:
The Towel division is running at full pace with new programs, transforming business from promotional to replenishment (almost 75%), enabling better client relationship and inventory management. The bed linen is also expected to move vigorously with Christy, U.K.'s top towel brand, which was acquired in July 2006 showing good results.
Sudden appreciation of Rs against dollar by almost 6-8% is an immediate concern as companies like W.I.L. have revenues mostly in USD, while most of the cost in INR, thus impacting profitability negatively, nevertheless management is taking all possible mitigate measures to counter this unexpected and sudden extraneous situation.
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"Further, the emphasis on natural fibre and our own patented brand 'Vitare', which is being aggressively promoted in world's largest specialty store chains shall enable our transition into more and more branding zone”.
Management outlook:
The Towel division is running at full pace with new programs, transforming business from promotional to replenishment (almost 75%), enabling better client relationship and inventory management. The bed linen is also expected to move vigorously with Christy, U.K.'s top towel brand, which was acquired in July 2006 showing good results.
Sudden appreciation of Rs against dollar by almost 6-8% is an immediate concern as companies like W.I.L. have revenues mostly in USD, while most of the cost in INR, thus impacting profitability negatively, nevertheless management is taking all possible mitigate measures to counter this unexpected and sudden extraneous situation.
Click here to view more:
WELSPUN INDIA LIMITED
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