Company Profile For Welspun India Ltd

Welspun India Ltd (WLSP.BO) (Bombay Stock Exchange)

sector: Non-Cyclical Consumer Goods & Services · industry: Household Products ·

As of 26 Nov 2009

84.05INR

Price Change

-2.40

Percent Change

-2.78%

Analyst Recommendations

Overview

Welspun India Limited (Welspun) is engaged in the business of home textiles. The Company is mainly dedicated to the design and manufacturing of towels and bed linen. Welspun offers a variety of products like towels in different sizes and qualities, and bed linen using Egyptian cotton. The Company’s towel portfolio includes products such as nanospun towels, Eco-lite towels, cotton bamboo towels, eucalyptus towels and texture towels. On the bed linen front, the Company sells products like the Ever Smooth Wrinkle Free, Quick Dry Sheets, Flexifit Sheets and the Perfect Sheet. The Company holds various subsidiaries in countries like India, Cyprus, Germany, Holland, Mexico, Portugal, Spain, Switzerland, United Kingdom and the United States.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 31 March 2009, Welspun India Limited's revenues increased 2% to RS17.25M. Net loss from continuing operations totaled RS758.2M, up from RS1.6M. Revenues reflect an increase in demand for company's products & services. Higher loss reflects an increase in employee remuneration expenses, presence of exchange losses, an increase in finance expenses and higher share of loss of associates.