Textiles Essay

3333 words - 14 pages

Welspun
 India
 

 
“Dare
 to
 commit”
 is
 a
 belief
 well
 entrenched
 into
 Welspun’s
 DNA.
 It
 
drives
 every
 aspect
 of
 our
 business
 -­‐
 from
 leading
 innovative
 
technologies,
 to
 developing
 path-­‐breaking
 products,
 to
 fostering
 
sustainability.
 

 
Business
 Scenario
 
 
As
 you
 are
 all
 aware,
 India
 has
 emerged
 as
 a
 significant
 player
 in
 the
 
textiles
 sector,
 and
 is
 currently
 ranked
 as
 the
 second
 largest
 exporter
 of
 
textile
 products
 behind ...view middle of the document...

 We
 maintained
 our
 leadership
 position
 in
 home
 textiles
 
being
 ranked
 as
 the
 No:1
 supplier
 to
 the
 US
 for
 the
 3rd
 consecutive
 year.
 
In
 our
 estimate,
 every
 sixth
 towel
 and
 every
 tenth
 bed
 sheet
 sold
 in
 the
 
US,
 comes
 from
 Welspun.
 Our
 towel
 and
 sheet
 capacities
 are
 running
 at
 
full
 throttle
 which
 is
 reflected
 in
 the
 financial
 results
 as
 well.
 Financial
 
year
 2015
 was
 undoubtedly
 our
 best
 year,
 with
 revenue,
 operating
 
EBITDA
 and
 profit
 after
 tax
 at
 all-­‐time
 highs`.
 We
 declared
 a
 dividend
 
policy,
 among
 the
 first
 in
 the
 textile
 industry,
 where
 we
 would
 
distribute
 a
 quarter
 of
 our
 profits
 as
 dividends
 to
 our
 esteemed
 
shareholders.
 

 
Going
 forward,
 we
 will
 sustain
 our
 agility
 to
 capitalize
 on
 evolving
 
opportunities,
 improve
 our
 business
 &
 market
 competitiveness,
 
continue
 to
 build
 a
 sustainable
 and
 progressive
 community,
 and
 
enhance
 value
 to
 all
 our
 stakeholders.
 In
 the
 coming
 years,
 we
 will
 focus
 
our
 attention
 on
 further
 growth
 by
 targeting
 the
 lesser
 penetrated
 
markets
 such
 as
 Europe,
 East
 Asia
 and
 Latin
 America.
 We
 also
 aim
 to
 

increase
 the
 share
 of
 branded
 sales
 in
 our
 overall
 sales.
 On
 the
 
international
 front,
 we
 are
 in
 the
 process
 of
 expansion
 of
 “Christy”
 into
 
newer
 geographies
 such
 as
 China
 and
 the
 Middle
 East.
 As
 regards
 India,
 
we
 have
 launched
 a
 major
 marketing
 campaign
 for
 our
 domestic
 brand
 
“Spaces”
 with
 Ms.
 Parineeti
 Chopra
 as
 the
 brand
 ambassador.
 We
 
remain
 very
 excited
 about
 the
 domestic
 market
 opportunity
 –
 our
 
branded
 sales
 in
 India
 has
 been
 growing
 at
 around
 40%
 CAGR
 over
 the
 
last
 two
 years.
 Another
 key
 focus
 area
 will
 be
 increasing
 the
 share
 of
 
innovative
 products
 in
 our
 overall
 portfolio.
 In
 this
 direction
 we
 have
 
launched
 a
 well-­‐targeted
 marketing
 campaign
 in
 US
 to
 promote
 
Hygrocotton®,
 our
 own
 patented
 technology,
 directly
 to
 end-­‐
...

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