Welspun India rises on eyeing revenue to cross Rs 15,000 crore by FY26
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Welspun India is currently trading at Rs. 76.70, up by 0.15 points or 0.20% from its previous closing of Rs. 76.55 on the BSE.
The scrip opened at Rs. 77.75 and has touched a high and low of Rs. 77.75 and Rs. 76.60 respectively. So far 8073 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 159.95 on 10-Jan-2022 and a 52 week low of Rs. 62.30 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 79.90 and Rs. 75.60 respectively. The current market cap of the company is Rs. 7593.23 crore.
The promoters holding in the company stood at 70.36%, while Institutions and Non-Institutions held 12.29% and 17.35% respectively.
Welspun India is eyeing revenue to cross the Rs 15,000 crore-mark by FY26, growing around 60 per cent in the next three years. The firm, which also operates in segments such as flooring solutions, advanced textiles, retail, hospitality, and wellness is looking at multiple drivers for growth in the domestic market besides strengthening the export market.
It is strengthening its core business in the bath and bed sheet segment and is foraying into blankets and throws in North America (NA). Besides, it is increasing its reach by expanding brand and license business share in key markets such as NA, UK, EU, SEA (South East Asia).
Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. The company’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.
