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Welspun Group | Home Textiles Leadership
Welspun India Limited (WIL)
Investor Presentation February 2015
Welspun Group | Home Textiles Leadership
1
Welspun Group | Home Textiles Leadership
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be forward looking
statements, including those relating to general business plans and strategy of Welspun India Limited (WIL"), its future outlook and
growth prospects, and future developments in its businesses and its competitive and regulatory environment. Actual results may differ
materially from these forward-looking statements due to a number of factors, inter alia including future changes or developments in
WIL's business, its competitive environment, its ability to implement its strategies and initiatives and respond to technological changes
and political, economic, regulatory and social conditions in India. This presentation does not constitute a prospectus, offering circular
or offering memorandum or an offer invitation, or a solicitation of any offer, to purchase or sell, any securities of WIL and should not
be considered or construed in any manner whatsoever as a recommendation that any person should subscribe for or purchase any of
WIL's securities. Neither this presentation nor any other documentation or information (or any part thereof) delivered or supplied
under or in relation thereto shall be deemed to constitute an offer of or an invitation by or on behalf of WIL to subscribe for or
purchase any of its securities.
WIL, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with
respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. The information
contained in this presentation, unless otherwise specified is only current as of the date of this presentation. WIL assumes no
responsibility to publicly amend, modify or revise any forward looking statements contained herein, on the basis of any subsequent
development, information or events, or otherwise. Unless otherwise stated in this presentation, the information contained herein is
based on management information and estimates. The information contained herein is subject to change without notice and past
performance is not indicative of future results. WIL may alter, modify or otherwise change in any manner the content of this
presentation, without obligation to notify any person of such revision or changes. This presentation may not be copied and
disseminated in any manner.
THE INFORMATION PRESENTED HERE IS NOT AN OFFER INVITATION OR SOLICITATION OF ANY OFFER TO
PURCHASE OR SELL ANY SHARES OR ANY OTHER SECURITY OF WIL.
This presentation is not for publication or distribution, directly or indirectly, in or into the United States, Canada or Japan.
These materials are not an offer or solicitation of any offer of securities for purchase or sale in or into the United States, Canada or
Japan.
2
Welspun Group | Home Textiles Leadership
WIL An Overview
3
Global leader in Home Textiles (Speciality) 1st among Home Textile Suppliers to US*
Rank # 1: Bath Towels; Rank # 2: Bed Sheets & Pillow case; Rank # 4: Rugs 14 of Top 30 global retailers serviced Global Reach and Delivery (more than 50 countries) State-of-the-art manufacturing facilities at Anjar and Vapi (Gujarat)
Innovation emphasis: Patents / Pending patents 6 ; Trademarks 7 About 25% of sales comes from innovative products
Export focus: About 95% of production exported
* Based on ranking by Home Textiles Today
Welspun Group | Home Textiles Leadership
WIL - Financial Overview
Shareholding Pattern as on Dec 31, 2014 Summary Market Statistics
Consolidated Financial Summary Continuing business*
*All figures re-grouped and restated to show the continuing textile business
4
* On TTM basis
29,329
36,473
44,954
39,367
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
FY12 FY13 FY14 9M FY15
Revenue in INR Million
5,960 6,438
10,253 9,956
0
2,000
4,000
6,000
8,000
10,000
12,000
FY12 FY13 FY14 9M FY15
EBITDA in INR Million
Promoters, 73.31%
Mutual Funds, 4.50%
Banks, 0.18%
Non-Institutional
Public, 17.30%
Insurance Cos, 2.48%
FII, 2.23%As on Feb 3, 2015
Price per share - INR 372
No: of Shares Outstanding (Mn) 100
Market Capitalization (INR mn) 37,354
Enterprise value (INR mn) 63,087
P/E (x)* 7.75
EV/EBITDA (x)* 5.49
Welspun Group | Home Textiles Leadership
7
12 16 17
26 28
32 36
45
FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014
WIL Revenue Milestones
5
WIL Revenue in Rs. Billion
Textiles business has been growing at a CAGR of 27% since the start of Anjar Facility.
Sustained growth points out the potential of Home Textile market in the world.
International operations has been the major part of the revenues.
Anjar facility is the largest home textiles facility in Asia.
1993: Towels facility at Vapi
2000: JV for bath robes
Pre-2005
Towels & Sheets Facility at Anjar
Entry into bath rugs & top of bed
Welspun Group | Home Textiles Leadership
Structural Change in Global Textile & Specialty Textile
Welspun India Global Leader in Home Textiles
Financial Highlights
Road Ahead Maintaining leadership
6
Welspun Group | Home Textiles Leadership
Structural Change: Asian Dominance in Home Textiles
Textiles and Clothing
US$784 bn
Textiles
US$313 bn
Home textiles
US$45 bn
China: 36%
India : 5%
China: 34%
India : 6%
China: 35%
India : 11%
Source :- WTO - 2013 data, Texprocil, Company estimates 7
Welspun Group | Home Textiles Leadership
Structural Change: Non-India players facing challenges
China Pakistan Bangladesh
Big importer of cotton
Losing export Competitiveness
Wage inflation
Rising power costs
Stricter environmental compliance
Focus shift from textiles to higher value-added industries
Focus on domestic consumption
Yarn capacity closures
Yuan appreciation
Cotton Importer
Energy issues
Geopolitical issues
Compliance issues
Negligible Cotton Production
Environmental compliance issues
Workers safety issues
8
Welspun Group | Home Textiles Leadership
Structural Change: Tailwinds favoring India
India Advantage
Socio-economic
factors
Competitive costs
Good quality, surplus cotton available 2nd largest producer of cotton; expected to be
largest in MY14-15 Exporter of cotton and yarn
Democracy with stable government Better environmental and labour law compliance
Raw material
availability
Supportive Govt.
policies
Factor costs, particularly power and wages, competitive with other key producers Chinese costs have risen substantially
Textile Upgradation Fund scheme Holistic enabling environment
Integrated textile
presence
Significant presence across the value chain from cotton to made-ups
9
Welspun Group | Home Textiles Leadership
Structural Change: Reflecting in Indias market share
Source: WTO 2013 data
Indias Global textile exports
10
India is now the second largest exporter of textile products, behind China
In textiles (excl clothing), Indias share of world exports at ~6% and rising
Within that, Indias share in Home Textiles much higher at ~11%
Indias share in Cotton Home Textiles is even higher and better than China in many products
4.16% 4.32%
5.09% 5.20%5.35%
6.05%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
0
2
4
6
8
10
12
14
16
18
20
2008 2009 2010 2011 2012 2013
Textile exports (US$ bn)- LHS Market share - RHS
Welspun Group | Home Textiles Leadership
27%
33% 38%
45% 47% 47%
29% 30%
24% 22% 24% 23% 26%
21% 22% 18% 17% 17% 18% 16% 16% 15%
13% 13%
2009 2010 2011 2012 2013 2014
Sheets (Cotton) India China Pakistan ROW
30% 31% 35% 36% 36%
37%
23% 27%
25% 26% 26% 26% 22% 23%
24% 22% 23% 23%
24% 20%
16% 15% 16% 15%
2009 2010 2011 2012 2013 2014
Towels (Cotton) India China Pakistan ROW
US Imports from Various countries Market share
Structural Change: Home Textile Market Share
Source: Otexa, YTD December Data
Indias share increased by 7 percentage points in 5 years
Indias share increased by 20 percentage points in 5 years
11
Welspun Group | Home Textiles Leadership
Structural Change: Advantage India in Addressable opportunity
12
Market Size
US market
European market
Other markets
Home textile market at US$45 bn
Constitutes about one-third of the global market
India best placed among competing countries
Potential to increase penetration in key categories (TOB, carpets, basic bedding etc.)
Constitutes about one-third of the global market
India competitive in spite of duty disadvantage
Proposed India - EU FTA to reduce duties by 5% - 10%
Potential to increase presence in markets like Japan, Korea, Australia
FTA with Japan, Korea to boost trade
Indian domestic market is a huge potential opportunity
Welspun Group | Home Textiles Leadership
Structural Change in Global Textile & Specialty Textile
Welspun India Global Leader in Home Textiles
Financial Highlights
Road Ahead Maintaining leadership
13
Welspun Group | Home Textiles Leadership
WIL
Home Textiles
Leadership
Global scale
Global customer base and brands
Presence in multiple
categories
Focus on innovation
Significant market share
in key geographies
Clients moving towards Vendor
Consolidation
One stop Solution provider
Leadership: WIL - Well Placed to Address Global Opportunities
14
Welspun Group | Home Textiles Leadership
Leadership: Focus and Execution
Focussed on Home Textiles as a differentiated End-to-end Solutions Provider
Widest product range in Home Textiles segment
Uniquely positioned for cross-selling due to Customer reach, Competitive manufacturing and Global delivery model empowering higher wallet share
Track record of satisfied customers and repeat business from them; 80% revenue from replenishment business ensuring strong visibility
Bath Bedding Flooring
Towels Sheets Carpets
Bath robes TOB Rugs
Basic and Fashion Bedding
15
Welspun Group | Home Textiles Leadership
Rest of India , 22%
Welspun, 14%
China , 26%
Pakistan, 23%
ROW, 16%
US Import of Cotton Towels in 2013
Rest of India , 38%
Welspun, 9%
China , 24%Pakistan, 17%
ROW, 13%
US Import of Cotton Sheets in 2013
Leadership: Categories
Significant market share in Towels and Sheets in the US
Rugs and TOB are relatively new products Gaining market share
Filled products and carpets are recently launched Expected to gain market share over the next 2-3 years
Source : Otexa, Company Estimates 16
Welspun Group | Home Textiles Leadership
Wal Mart Bed Bath & Beyond Macys J C Penney Target Kohls K Mart- Sears .. and many more
Leadership: Best-in-Class Customer Base
Ikea Carrefour JYSK El Corte Ingles Vincenzo Zucchi S.p.A and many more
ASDA Tesco Marks & Spencer Debenhams House of Frazer Christy .. and many more
Spaces- Home & Beyond Welhome
17
Welspun Group | Home Textiles Leadership
Leadership: Global Reach & Delivery Model
18
Welspun Group | Home Textiles Leadership
Ranked No. 1 for last 2 years by US Home Textiles Today Magazine in Top 15 Home Supplier Giants to USA
Largest Bath
Towel Supplier
2nd Largest Bedding Supplier
4th Largest
Bath Rugs Supplier
Leadership: Scale
FY14 Capacity: 45,000 MTPA (60,000 MTPA by FY16) Location: Anjar/Vapi Cap. Utilization: 99%
FY14 Capacity: 55 million Mtrs/year (72 mn Mtrs/year by FY16) Location: Anjar Cap. Utilization: 89%
FY14 Capacity: 12,000 MTPA (20,000 MTPA by FY16) Location: Vapi Cap. Utilization: 68%
19
Welspun Group | Home Textiles Leadership
Leadership: Brands and Innovation
Exclusive Licensee for towels
Innovation
Innovation is a key differentiator for Welspun.
Innovative products account for ~25% of the revenues.
Focus on Product, Process and Supply Chain innovation
Six patents applied for till date
Hygrocotton Yarn patented in UK
(pending in USA and India)
Five other patents pending approval
Other Key Innovations
a. Eco Dry Towels
b. License for Flex Fit
Brands and Licenses Innovation and Patents
20
Welspun Group | Home Textiles Leadership
Leadership: Enhancing Resilience
Further working to develop Lat Am, Asia pacific, Indian markets and exploit the full potential of European markets.
73%
60%
27%
40%
20%
30%
40%
50%
60%
70%
80%
FY10 FY14
Geographical Revenue Mapping US Sales ROW Sales
53%
41%
20%
25%
30%
35%
40%
45%
50%
55%
FY 10 FY14
% Sales - Top 5 Customers
21
Welspun Group | Home Textiles Leadership
Leadership: Pricing power
Welspun has developed strong relationships with clients over the years, which gives it better pricing power
Most clients on an index-based pricing Price varies up or down with changes in major input costs
This reduces volatility in margins
22
60
80
100
120
140
160
180Index (Jan 10 = 100)
Contact price Sample contract with one of our clients for a particular product
Welspun Group | Home Textiles Leadership
Leadership: Recognitions
2012 2013
Golden Peacock Eco-Innovation Award
Wilkinson Award for Best Product.
Tesco Homeshop Gold Supplier Award.
Texprocil Awards 2011-12 Special Gold Trophy for
Highest Global Exports
Gold Trophy for Highest Exports of Terry Towels in Made-ups
Gold Trophy for Highest Exports of Made-ups in Merchant Exporter
Sears/K-mart Vendor of the Year.
5 Star Vendor award for the year 2013 by Macys.
Textile Conclave 2013 Brand INDIA Largest Producer Made Ups
& Home Textiles.
Largest Exporter Made Ups & Home Textiles.
Texprocil Award 2012-13 Special Gold Trophy for
Highest Global Exports
Gold Trophy for Highest Exports of Terry Towels in Made-ups
5 Star Vendor award for the year 2014 by Macys.
Special award Global Citizen Award for our Corporate Social Values by Macys
CEO award from Sears Holding.
Green Believers Award from Frost and Sullivan's at Green Manufacturing Excellence Awards and Summit 2014.
Best Corporate Social Responsibility Practices award at Global CSR Excellence Leadership award 2014 by World CSR Congress.
2014
23
Welspun Group | Home Textiles Leadership
Global CSR Excellence & Leadership award
World CSR Congress 2012 and 2013
Outstanding CSR in Textiles Sector
Wockhardt Foundation 2011
Welspuns social vision is enshrined in the 3Es
Education - Quality Education Program with 18 Govt. Schools in Kutch from 15 villages
reaching out to 5720 students and 157 teachers.
- 4 Balwadis (Pre-primary Education Centers) with 170 children being benefited.
Empowerment - 8 Vocational Centers to train women in Cutting & Stitching. 600 women
trained in stitching. Avg. earning per women per month INR 5050.
Environment & Health - Drinking water purification RO plant in Vapi reaching out to approx. 6200 people.
- Welspun has planted 2,29,654 Trees at Anjar.
Leadership: Social, Environmental and Corporate Values
24
Welspun Group | Home Textiles Leadership
Leadership: Vision
Global leadership position
Best-in-class, end to - end product
and service offering
Continuous improvement in
systems and processes
Develop human capital The most
valuable asset
Across all business verticals and product categories
25
Welspun Group | Home Textiles Leadership
Structural Change in Global Textile & Specialty Textile
Welspun India Global Leader in Home Textiles
Financial Highlights
Road Ahead Maintaining leadership
26
Welspun Group | Home Textiles Leadership
Financial Highlights: Income statement (Continuing business)
(Rs. in million)
Consistent improvement in financial performance
27
Note: On account of the change in depreciation policy from straight line method to reducing balance method, the company had taken an additional onetime depreciation of Rs. 4,960 million in FY14. FY14 figures are normalized for these effects.
* Note: Cash PAT = PBT + Depreciation Current tax (incl MAT, if any)
Particulars FY12 FY13 FY14* 9M FY15
Sales revenue 29,329 36,473 44,954 39,367
Sales growth % 20% 24% 23%
Operating EBITDA 5,566 5,946 9,211 9,296
Operating EBITDA Margin 19.0% 16.3% 20.5% 23.6%
EBITDA 5,960 6,438 10,253 9,956
EBITDA Margin 20.3% 17.7% 22.8% 25.3%
Depreciation 1,309 1,449 1,903 2,321
Finance cost 1,840 1,977 2,352 2,260
PBT 2,811 3,013 5,997 5,376
PAT 1,986 2,248 4,195 3,784
PAT Margin 6.8% 6.2% 9.3% 9.6%
Cash PAT 3,603 4,178 6,237 6,236
Welspun Group | Home Textiles Leadership
Financial Highlights: Balance Sheet
Debt increase in FY14 mainly on account of backward integration capex
(Rs. in mn except Ratios )
28
Average interest cost of long-term debt
at ~7%
** Net Current Assets does not include Cash & Cash Equivalents
* P&L figures annualised
Particulars FY12 FY13 FY14 9M FY15
Net Worth 7,428 9,902 11,097 13,357
Short Term Loans 7,313 9,166 11,349 10,585
Long Term Loans 12,309 11,079 18,944 19,399
Gross Debt 19,621 20,244 30,293 29,983
Cash, Cash Eqnts & Inv. 3,041 2,798 3,658 4,250
Net Debt 16,580 17,446 26,635 25,733
Net Fixed Assets (incl CWIP) 17,995 18,615 25,609 27,361
Net Current Assets** 6,290 8,221 9,991 7,924
Solvency ratios FY12 FY13 FY14 9M FY15*
Fixed assets/Long term debt 1.47 1.68 1.35 1.41
Gross debt/Equity 2.64 2.04 2.73 2.24
Net debt/Equity 2.23 1.76 2.40 1.93
Long term debt/Equity 1.65 1.12 1.71 1.45
Net Long Term Debt / Equity 1.25 0.84 1.38 1.13
Net debt/Op. EBITDA 2.98 2.93 2.89 2.08
EBIT/Interest 1.43 2.52 3.55 3.38
Welspun Group | Home Textiles Leadership
Financial Highlights: Improving Operating and Return Ratios
Strong improvement in ROE and ROCE over the years
Note : ROCE = EBIT x (1-tax rate) / Average Capital Employed; ROE = Net Profit / Average Net worth
Total asset turnover = Sales/ (Fixed assets + Gross current assets)
* P&L figures annualised
29
Operational ratios FY12 FY13 FY14 9M FY15*
Fixed Asset turnover 1.63 1.96 1.76 1.92
Total Asset turnover 0.83 0.95 0.87 0.98
Inventory days 83 82 82 73
Debtor days 28 28 33 33
Payable days 59 50 50 46
Cash conversion cycle 52 60 65 60
Return ratios FY12 FY13 FY14 9M FY15*
ROE 26.7% 25.9% 40.0% 41.3%
ROCE (post-tax) 11.9% 12.2% 16.2% 16.8%
Welspun Group | Home Textiles Leadership
Key Financials - Trends (Continuing business)
29,329
36,473
44,954 39,367
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
FY12 FY13 FY14 9M FY15
Rs.
in m
illi
on
Revenues
5,960 6,438
10,253 9,956
0
2,000
4,000
6,000
8,000
10,000
12,000
FY12 FY13 FY14 9M FY15
Rs.
in m
iili
on
EBIDTA (Reported)
1,986 2,248
4,195 3,784
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
FY12 FY13 FY14 9M FY15
Rs.
in M
illi
on
PAT After Minority
3,603 4,178
6,237 6,236
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
FY12 FY13 FY14 9M FY15
Rs. i
n M
illio
n
Cash PAT
Welspun Group | Home Textiles Leadership
Key Ratio Trends
* Annualized ; # Adjusted for one time Depreciation Impact of Rs. 4,960 mn; $ Net worth reduction on account of one-time Depreciation
7.8 9.5
19.9
22.4
41.8 50.3
-
10.0
20.0
30.0
40.0
50.0
60.0
FY 10 FY 11 FY 12 FY 13 FY 14# 9M FY15*
EPS in Rs./Share
7.67%
7.15%
11.9%12.2%
16.2%16.8%
1.00%
6.00%
11.00%
16.00%
21.00%
FY 10 FY 11 FY 12 FY 13 FY 14# 9M FY15*
ROCE (Post Tax) %
2.8x
2.3x 2.2x
1.8x
2.4x
1.9x
1.0x
1.2x
1.4x
1.6x
1.8x
2.0x
2.2x
2.4x
2.6x
2.8x
3.0x
FY 10 FY 11 FY 12 FY 13 FY 14$ 9M FY15*
Net Debt / Equity
4.8x
4.8x
3.0x
2.9x
2.9x
2.1x
1.5x
2.0x
2.5x
3.0x
3.5x
4.0x
4.5x
5.0x
5.5x
6.0x
FY 10 FY 11 FY 12 FY 13 FY 14 9M FY15*
Net Debt / EBITDA
Welspun Group | Home Textiles Leadership
Structural Change in Global Textile & Specialty Textile
Welspun India Global Leader in Home Textiles
Financial Highlights
Road Ahead Maintaining leadership
32
Welspun Group | Home Textiles Leadership
Road Ahead: Maintaining Leadership | Revenue growth
Revenue Growth
Underpenetrated Markets
Underpenetrated
Channels
Underpenetrated Product Categories
India E-Commerce Bath Robes
Europe Hospitality Carpets
Asia Pacific Branded Sales Filled Products
Latin America
33
Welspun Group | Home Textiles Leadership
Road Ahead: Maintaining Leadership | Quality & Scale
Total capex plan of Rs. 25bn
Phase-1 Capex of Rs. 13 bn, completed
Focused on backward integration and debottlenecking
To mitigate quality and availability issues of key intermediates
Phase- 2 Potential maximum Capex of Rs. 12bn over FY15 and FY16
To be focussed on plant modernisation, automation and calibrated finished product capacity expansion
Capacity growth to be achieved without headcount increase
Capacities FY14 FY15 FY16
Yarn (MT) 38,500 50,000 60,000
Towels (MT) 45,000 50,000 60,000
Sheets (000 metres) 55,000 60,000 72,000
Rugs incl Carpets(MT) 12,000 15,000 20,000
34
Welspun Group | Home Textiles Leadership
Summary: Key Investment Considerations
35
Welspun India
Clear Leader in Large and Addressable Market with Favourable Growth
Dynamics
Broad, High Quality Product Portfolio
with Well-Recognised Brands
Entrenched Customer
Relationships across Geographies
One Stop Solution Provider from Product
Development to Supply Chain Management
Best-in-class Manufacturing
Infrastructure and Distribution Network
Strong Operational Cashflows with
Deleveraging and Dividends as Key
Focus
Highly Experienced Management Team Focussed on Value
Creation
Welspun Group | Home Textiles Leadership
Annexures
36
Welspun Group | Home Textiles Leadership
India Only Textile Exporter with Cotton surplus
COUNTRY OPENING
STOCK OUTPUT IMPORT CONSUMPTION EXPORTS
ENDING STOCK
WORLD 101.7 119.2 34.0 112.2 34.0 108.6
INDIA 11.5 30.5 1.1 24.0 4.7 14.4
CHINA 62.7 30.0 7.0 36.5 0.1 63.2
U.S. 2.5 16.1 0.0 3.8 10.0 4.7
PAKISTAN 2.5 10.2 1.0 10.5 0.5 2.7
BANGLADESH 1.0 0.1 4.5 4.4 0.0 1.2
Cotton Balance Sheet MY 2014-15 Projections (In mn Bales - 480 LB)
India produces 25% of worlds cotton
It consumes about 78% of its production; rest is available for export
China holds ~58% of worlds cotton stock.
India will overtake China as the largest producer of cotton this year, according to USDA projections.
Source :- USDA. Status as of January 2015
37
Welspun Group | Home Textiles Leadership
Benchmarking Input Costs
Wages, Power Cost, Manufacturing Cost Competitiveness
Source :- GHERZI
Indias Position:-
Wages are Half of Chinas.
Power costs at par with China, Pak, Turkey.
Competitive in manufacturing costs.
100
601
214 174 160
89 53
0
100
200
300
400
500
600
700
Ind
ia
Turk
ey
Ch
ina
Egyp
t
Ind
on
esia
Pak
ista
n
Ban
glad
esh
100 101 94 93
76 63
34
0
20
40
60
80
100
120
Ind
ia
Ch
ina
Pak
ista
n
Turk
ey
Ind
on
esia
Ban
glad
esh
Egyp
t
Wages (Base India =100) Power Costs (Base India =100)
100
140
111 99 98
87
0 20 40 60 80
100 120 140 160
Ind
ia
Turk
ey
Ch
ina
Ind
on
esia
Pak
ista
n
Ban
glad
esh
Manufacturing Costs (Base India =100)
38
Welspun Group | Home Textiles Leadership
39
Bed Technologies
Flexifit (exclusive licensee)
Eversmooth
Cotton Touch
Smart Bedskirt
Perfect Sheet
Hygro Comfort
Bleach safe
Bath Technologies
Hygro cotton
Quick Dry
Bleach safe
Eucalyptus
Silk
Bamboo
Aerospun
Spot Stop
Sleep Solutions
Earth Pillow
Sneeze eezzz
Hygrofil
My Favorite Pillow
Rugs
Bleach safe
Eucalyptus
Drylon
Hygro
Quick Dry
Aerofil
Hygro cotton
Innovative Product Range
Welspun Group | Home Textiles Leadership
Branded Sales Trend
530
700
290360
470
700
FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 (E)
India Branded Sales (Rs Million)
1,565
1,411
1,5471,741
2,334
2,686
FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 (E)
Christy Branded Sales (Rs Million)
Branded Sales ( Rs. in Mn) FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 (E)
Spaces 80 150 180 290 430 580
Welhome 450 550 110 70 40 120
India Branded Sales 530 700 290 360 470 700
Christy 1,565 1,411 1,547 1,741 2,334 2,686
TOTAL 2,095 2,111 1,837 2,101 2,804 3,386
Strong growth expected in branded sales, especially in India
Welspun Group | Home Textiles Leadership
Thank You
For further details, please contact:
Harish Venkateswaran
General Manager - Group Finance and Strategy
Email: [email protected]
Akhil Jindal
Director Group Finance and Strategy
Email: [email protected]
Company Website: www.welspunindia.com
41