Financial highlights
- Achieved highest ever quarterly Revenues of Rs 25,014 mn
- EBITDA up 5% YoY at Rs 4,237 mn and margin stood at 17%
- Core business EBITDA was Rs 4,135mn and Margin stood at 17.4%
- PAT up 10.8% YoY at Rs 1,991 mn
- Rs 25,014 mn, registering a growth of 26% YoY, Bath Linen sales volume grew by 16% YoY, Bed Linen sales volume grew by 4% YoY and Rugs and carpets sales volume grew by 29% YoY
- EBITDA: Rs 4,237 mn, up 5% YoY & EBITDA Margin was at 17%
- Core business EBITDA stood at Rs 4,135mn & EBITDA Margin stood at 17.4%
Speaking about the performance, Mr. B.K. Goenka, Chairman, Welspun Group, said “Global recovery post pandemic has been strongly helped by policy support and vaccination drive. Our markets like US and UK have been showing strong consumer spending. In India, economy is coming out of pandemic led slowdown with strong demand supported by monetary policies and fiscal stimulus from government.
In this backdrop, Welspun delivered a strong second quarter, achieving highest revenues, growing in double digits and stepping up profitability sequentially. Large parts of our business continued to gain market share and penetration. Calibrated price increases and laser sharp focus on savings helped us protect the margins while overcoming the global supply chain disruptions. Textile sector in the country has also got its due share in the form of PLI scheme and textile parks which will drive benefits for all stakeholders.
The continued challenges in the form of high input costs, increasing energy prices and global logistic issues need to be navigated cautiously. At Welspun India, we are well placed to capture the growth opportunity with innovative product offerings, judicious capital deployment and optimum utilization of our distribution network.
I am delighted to share that Welspun is one of the first Indian companies to get US FDA nod for 3 ply surgical mask which is a testament of our commitment to quality and innovation. We continue to make significant progress in our sustainability journey. Spun, our home grown brand which employees over 2200 women, was recognized by World Economic Forum, as one of the top 100 Corporate Social Ready enterprises globally.
We are committed to channelizing our energy and resources to maximize shareholder value and deliver long-term sustainable growth.”
