Company’s Overview and Stock Price
Mumbai based company Welspun India run by Dipali Goenka is No. 1
home textiles company in the World. It exports more than 94% of its
towels to more than 34 countries out of which 68% is to the US, 23 %
to Europe and the balance to Middle East, Australia, Mauritius. It
supplies to 12 out of the top 20 retail chains in the world like Wal-
Mart, Target, Sam’s Club, Costco, Macy’s, Kohl’s, JC Penney, K-Mart,
Sears, Tesco, ASDA, John Lewis Partnership, Carrefour, IKEA.
In FY 16 Welspun India has reported growth of 13% in Revenue, growth
of 26% in EBITDA Margin and Return on capital Employed (ROCE) and
the Free cash Flow(FCF) of the Company has been steadily increasing
since last two years from negative to positive. In FY 16 the FCF was Rs
3.8 bn. The net debt of the Company has gone down by 500 Cr which it
aims to be NIL by 2020.
EBITDA margin had gone up due to vertical integration in all the
segments and commissioning of Spinning Units. Company’s 34%
revenue is accounted by innovative products and 13% from branded
products. Growth in domestic market was 47% in FY 16 contributed by
both Retail and Hospitality segment. The Company is continuously
expanding its production capacity. The towel capacity is expected to
go up by 10,000 tonnes to 70,000 tonnes; sheet capacity to increase by
20 lakh metres to 92 lakh metres.
Welspun India caters to following segments:
Retail Segment: Welspun collaborates with retail partners
across the globe on every aspect of their inventory, marketing
and distribution management. Welspun’s strong sales and
merchandising teams based out of India, the USA and UK work
closely with retailers to develop the most saleable variety of
products. Welspun Global Brands is a vibrant company
passionate about providing bed and bath textile innovations
for almost 30 years. Welspun provides globally, to all major
retailers, a complete suite of home textile products and
services.
Welspun products can be found at established retailers, such
as Wal-Mart, Target, Sam’s Club, Costco, Macy’s, Kohl’s, JC
Penney, K-Mart, Sears, Tesco, ASDA, John Lewis Partnership,
Carrefour, IKEA
Hospitality Solutions: Welspun Hospitality Solutions, an arm of
Welspun’s USA subsidiary, provides bed and bath linen
solutions to major hospitality chains and distributors globally.
Their primary market is USA and is currently expanding into
Europe and Asia. Welspun, with its superior quality bath, linen
and top-of-bed products, caters to some of the best known
names in the hospitality industry. Their products conform to
the most stringent laundering standards and wash testing
requirements globally. They provide to:
HOTEL CHAINS
From Luxury to Budget, hotels worldwide have been using our
products in the bed, bath and top-of-bed categories for a
quality customer experience. Our products help hotels save
costs due to their durability and special qualities, such as quick
drying linens.
SPAS & RESORTS
Spas are relaxation havens, synonymous with luxury and
comfort. Our products meet the very specific needs of the best
spas and resorts in the world.
CRUISES AND LINERS
Cruises pay close attention to details when it comes to looking
after their guests. We help provide a high-class experience to
their clients with our superior quality luxury products.
Brands
Welspun offers some of the most formidable home textile brands
around the world. These brands all have their unique
characteristics and legacy, supported by Welspun quality and
innovation
Christy
Kingsley Home
Crowning touch
Spaces Home & Beyond
WELHOME
AMY BUTLER
SPUN
CHRISTY'S
Christy’s is one of the world’s most venerable brands known for its rich
history and core values that have pervaded through rapidly changing
times. Innovation, luxury, integrity and trust are qualities that remain
synonymous with Christy.
Christy’s is one of UK’s largest and best known brands offering a wide
range of luxury towels, bed linen and home accessories. Using superior
yarns and high thread counts, all Christy products are crafted with
meticulous attention to detail.
KINGSLEY HOME
The Kingsley brand boasts a proud history which dates back more than
six decades. Established in the 1950s, initially specializing in patterned
towels, Kingsley quickly expanded its bath linen collections and
network of customers. In 2010, Kingsley successfully launched its first
bed linen collection which offered exceptional products at affordable
prices.
Kingsley products are available at selected department stores and
reputable linens retailers across the UK and Europe. Kingsley products
are exported throughout the rest of the world, where the British
lifestyle approach succeeds as a result of its strong fashion influences.
CROWNING TOUCH
When it comes to ultimate luxury and indulgence, Welspun offers
Crowning Touch the most luxurious range of bath and bed products
that delivers on comfort and performance. It is the most celebrated
line of products.
SPACES
Welspun launched Spaces-Home & Beyond in India in 2004. Spaces is a
brand that combines trendy, bold design with innovative superior
quality products. Spaces is all about making a house feel like home
while appealing to the aspirations of homeowners.
Spaces is the culmination of Welspun’s global design strength and
innovation excellence.
WELHOME
Welhome is a chain of world class home & bath products at very
competitive prices. Shoppers have a great experience as they discover
beautiful products in the relaxed, fun environment offered by
Welhome stores
AMY BUTLER
Designer Amy Butler shares a common dream with Welspun to create
beautiful vibrant designs out of eco-friendly, sustainable fibers. Amy
Butler products are made from organically grown cotton using certified
eco-friendly manufacturing processes.
Amy presents a bright creative design spirit for the modern lifestyle.
Her style is inspired by her love of gardens, nature, travel and everyday
life. Her optimistic surface print designs and sewing fabrics are loved
worldwide.
SPUN
New handcrafted brand Spun is Welspun’s corporate social value
initiative focusing on reviving the crafts of India and empowering
women, artisans, farmers and weavers. SPUN gives a fresh look and
new life to traditional Indian weaves and arts that have been
disappearing. Collaborating with organizations of farmers and women,
Welspun is introducing handcrafted one of a kind textiles: quilts,
decorative pillows, and other bedding accessories
Spun combines Welspun’s highly evolved design with traditional
weaves and printing styles. Linked to the Gandhian principle of self-
sufficiency, the yarn is spun on the chakra. Spun is all about rich
folklore and history, songs, ballads and lyrics woven into beautiful
products and brought to your doorstep.
Welspun India Business Overview:
Welspun India Limited (WIL) is the Global Leader in Home
Textiles with global reach, delivering to more than 50
countries.
WIL supplies to 14 of the top 30 global retailers and has been
ranked 1st in the Top 15 Supplier Giants to the USA by Home
Textiles Today Magazine continuously for the last three years.
With world-class manufacturing facilities in Gujarat - India, the
company offers a wide range of home textile products in Bath,
Bedding and Flooring Solutions to its consumers from almost
every corner of the World.
Welspun has a strong presence in key markets like USA,
Canada, UK, and Europe and about 95% of its production is
exported to various countries across the World.
Welspun owns brands such as ‘Christy’, ‘Spaces’ and
‘Welhome’ which constitute around 11% of the sales.
Welspun has a strong emphasis on innovation which is
reflected in the number of patents and trademarks which it
holds and has applied for. More than 30% of the total revenues
of WIL come from the innovative products developed by the
company.
Textile Industry Outlook
India’s textiles sector is one of the oldest and the largest contributors
to India’s exports with approximately 11 % of total exports. The textile
industry is labour intensive being one of the largest employer. The
industry realised export earnings worth US$ 41.4 billion in 2014-15, a
growth of 5.4 %.
Rising production of man-made fabric:
Production of man-made fibre has been increasing.
Production stood at 1.34 million tonnes in FY15.
During the period of FY07-15, production increased at a CAGR
of 2.0 %.
During FY16 (April-October 2015), production stood at 0.77
million tonnes.
Cotton is the main segment in yarn and fabric:
Production of yarn grew to 673.60 Lakh Kgs in FY15 from
626.30 Lakh Kgs in FY11, a CAGR of 1.8 %.
Production of yarn between April to October’15 stood at
399.30 Lakh Kg.
Cotton yarn accounts for the largest share in total yarn
production; in FY15, the segment’s share amounted to 61
percent.
Market Size:
The Indian textiles industry, currently estimated at around US$
108 billion, is expected to reach US$ 223 billion by 2021.
The industry is the 2
providing employment to over 45 million people directly and
60 million people indirectly.
The Indian Textile Industry contributes approximately 5% to
India’s gross domestic product (GDP), and 14% to overall Index
of Industrial Production (IIP).
The Indian textile industry has the potential to reach US$ 500
billion in size.
The growth implies domestic sales to rise to US$ 315 billion
from currently US$ 68 billion. At the same time, exports are
implied to increase to US$ 185 billion from approximately US$
41 billion currently.
nd largest employer after agriculture,
The textiles sector has witnessed a spurt in investment during
the last five years. The industry (including dyed and printed)
attracted Foreign Direct Investment (FDI) worth US$ 1.77
billion during April 2000 to September 2015.
Some of the major investments in the Indian textiles industry
are as follows:
Reliance Industries Ltd plans to enter into a joint venture (JV)
with China-based Shandong Ruyi Science and Technology
Group Co.
Dupont has joined hands with RIL and Vipul Sarees for use of
its renewable fibre product Sorona to make an ‘environment-
friendly’ version of this ethnic ladies wear. Giving Indian sarees
a ‘green’ touch.
Grasim Industries has invested Rs 100 crore to develop its first
fabric brand, Liva', which it will distribute through 1,000 outlets
as part of a plan to stay in sync with changing consumer
behaviour.
Snapdeal has partnered with India Post to jointly work on
bringing thousands of weavers and artisans from Varanasi
through its website to empower local artisans, small and
medium entrepreneurs to sustain their livelihood by providing
a platform to popularise their indigenous products,” said Mr
Kunal Bahl, CEO and Co-Founder, Snapdeal.
Welspun India Ltd (WIL), part of the Welspun Group has
unveiled its new spinning facility at Anjar, Gujarat - the
largest under one roof in India. The expansion project reflects
the philosophy of the Government of Gujarat’s recent ‘Farm-
Factory-Fabric-Fashion-Foreign’ Textile Policy, which is aimed
at strengthening the entire textile value-chain.
American casual fashion retailer Aéropostale, Inc. has inked a
licensing agreement with Arvind Lifestyle Brands Ltd to open
standalone stores in the country. Aéropostale will open 30
stores and 25 shop-in-shop locations over the next three years.http://ift.tt/1scG4Nf
Mumbai based company Welspun India run by Dipali Goenka is No. 1
home textiles company in the World. It exports more than 94% of its
towels to more than 34 countries out of which 68% is to the US, 23 %
to Europe and the balance to Middle East, Australia, Mauritius. It
supplies to 12 out of the top 20 retail chains in the world like Wal-
Mart, Target, Sam’s Club, Costco, Macy’s, Kohl’s, JC Penney, K-Mart,
Sears, Tesco, ASDA, John Lewis Partnership, Carrefour, IKEA.
In FY 16 Welspun India has reported growth of 13% in Revenue, growth
of 26% in EBITDA Margin and Return on capital Employed (ROCE) and
the Free cash Flow(FCF) of the Company has been steadily increasing
since last two years from negative to positive. In FY 16 the FCF was Rs
3.8 bn. The net debt of the Company has gone down by 500 Cr which it
aims to be NIL by 2020.
EBITDA margin had gone up due to vertical integration in all the
segments and commissioning of Spinning Units. Company’s 34%
revenue is accounted by innovative products and 13% from branded
products. Growth in domestic market was 47% in FY 16 contributed by
both Retail and Hospitality segment. The Company is continuously
expanding its production capacity. The towel capacity is expected to
go up by 10,000 tonnes to 70,000 tonnes; sheet capacity to increase by
20 lakh metres to 92 lakh metres.
Welspun India caters to following segments:
Retail Segment: Welspun collaborates with retail partners
across the globe on every aspect of their inventory, marketing
and distribution management. Welspun’s strong sales and
merchandising teams based out of India, the USA and UK work
closely with retailers to develop the most saleable variety of
products. Welspun Global Brands is a vibrant company
passionate about providing bed and bath textile innovations
for almost 30 years. Welspun provides globally, to all major
retailers, a complete suite of home textile products and
services.
Welspun products can be found at established retailers, such
as Wal-Mart, Target, Sam’s Club, Costco, Macy’s, Kohl’s, JC
Penney, K-Mart, Sears, Tesco, ASDA, John Lewis Partnership,
Carrefour, IKEA
Hospitality Solutions: Welspun Hospitality Solutions, an arm of
Welspun’s USA subsidiary, provides bed and bath linen
solutions to major hospitality chains and distributors globally.
Their primary market is USA and is currently expanding into
Europe and Asia. Welspun, with its superior quality bath, linen
and top-of-bed products, caters to some of the best known
names in the hospitality industry. Their products conform to
the most stringent laundering standards and wash testing
requirements globally. They provide to:
HOTEL CHAINS
From Luxury to Budget, hotels worldwide have been using our
products in the bed, bath and top-of-bed categories for a
quality customer experience. Our products help hotels save
costs due to their durability and special qualities, such as quick
drying linens.
SPAS & RESORTS
Spas are relaxation havens, synonymous with luxury and
comfort. Our products meet the very specific needs of the best
spas and resorts in the world.
CRUISES AND LINERS
Cruises pay close attention to details when it comes to looking
after their guests. We help provide a high-class experience to
their clients with our superior quality luxury products.
Brands
Welspun offers some of the most formidable home textile brands
around the world. These brands all have their unique
characteristics and legacy, supported by Welspun quality and
innovation
Christy
Kingsley Home
Crowning touch
Spaces Home & Beyond
WELHOME
AMY BUTLER
SPUN
CHRISTY'S
Christy’s is one of the world’s most venerable brands known for its rich
history and core values that have pervaded through rapidly changing
times. Innovation, luxury, integrity and trust are qualities that remain
synonymous with Christy.
Christy’s is one of UK’s largest and best known brands offering a wide
range of luxury towels, bed linen and home accessories. Using superior
yarns and high thread counts, all Christy products are crafted with
meticulous attention to detail.
KINGSLEY HOME
The Kingsley brand boasts a proud history which dates back more than
six decades. Established in the 1950s, initially specializing in patterned
towels, Kingsley quickly expanded its bath linen collections and
network of customers. In 2010, Kingsley successfully launched its first
bed linen collection which offered exceptional products at affordable
prices.
Kingsley products are available at selected department stores and
reputable linens retailers across the UK and Europe. Kingsley products
are exported throughout the rest of the world, where the British
lifestyle approach succeeds as a result of its strong fashion influences.
CROWNING TOUCH
When it comes to ultimate luxury and indulgence, Welspun offers
Crowning Touch the most luxurious range of bath and bed products
that delivers on comfort and performance. It is the most celebrated
line of products.
SPACES
Welspun launched Spaces-Home & Beyond in India in 2004. Spaces is a
brand that combines trendy, bold design with innovative superior
quality products. Spaces is all about making a house feel like home
while appealing to the aspirations of homeowners.
Spaces is the culmination of Welspun’s global design strength and
innovation excellence.
WELHOME
Welhome is a chain of world class home & bath products at very
competitive prices. Shoppers have a great experience as they discover
beautiful products in the relaxed, fun environment offered by
Welhome stores
AMY BUTLER
Designer Amy Butler shares a common dream with Welspun to create
beautiful vibrant designs out of eco-friendly, sustainable fibers. Amy
Butler products are made from organically grown cotton using certified
eco-friendly manufacturing processes.
Amy presents a bright creative design spirit for the modern lifestyle.
Her style is inspired by her love of gardens, nature, travel and everyday
life. Her optimistic surface print designs and sewing fabrics are loved
worldwide.
SPUN
New handcrafted brand Spun is Welspun’s corporate social value
initiative focusing on reviving the crafts of India and empowering
women, artisans, farmers and weavers. SPUN gives a fresh look and
new life to traditional Indian weaves and arts that have been
disappearing. Collaborating with organizations of farmers and women,
Welspun is introducing handcrafted one of a kind textiles: quilts,
decorative pillows, and other bedding accessories
Spun combines Welspun’s highly evolved design with traditional
weaves and printing styles. Linked to the Gandhian principle of self-
sufficiency, the yarn is spun on the chakra. Spun is all about rich
folklore and history, songs, ballads and lyrics woven into beautiful
products and brought to your doorstep.
Welspun India Business Overview:
Welspun India Limited (WIL) is the Global Leader in Home
Textiles with global reach, delivering to more than 50
countries.
WIL supplies to 14 of the top 30 global retailers and has been
ranked 1st in the Top 15 Supplier Giants to the USA by Home
Textiles Today Magazine continuously for the last three years.
With world-class manufacturing facilities in Gujarat - India, the
company offers a wide range of home textile products in Bath,
Bedding and Flooring Solutions to its consumers from almost
every corner of the World.
Welspun has a strong presence in key markets like USA,
Canada, UK, and Europe and about 95% of its production is
exported to various countries across the World.
Welspun owns brands such as ‘Christy’, ‘Spaces’ and
‘Welhome’ which constitute around 11% of the sales.
Welspun has a strong emphasis on innovation which is
reflected in the number of patents and trademarks which it
holds and has applied for. More than 30% of the total revenues
of WIL come from the innovative products developed by the
company.
Textile Industry Outlook
India’s textiles sector is one of the oldest and the largest contributors
to India’s exports with approximately 11 % of total exports. The textile
industry is labour intensive being one of the largest employer. The
industry realised export earnings worth US$ 41.4 billion in 2014-15, a
growth of 5.4 %.
Rising production of man-made fabric:
Production of man-made fibre has been increasing.
Production stood at 1.34 million tonnes in FY15.
During the period of FY07-15, production increased at a CAGR
of 2.0 %.
During FY16 (April-October 2015), production stood at 0.77
million tonnes.
Cotton is the main segment in yarn and fabric:
Production of yarn grew to 673.60 Lakh Kgs in FY15 from
626.30 Lakh Kgs in FY11, a CAGR of 1.8 %.
Production of yarn between April to October’15 stood at
399.30 Lakh Kg.
Cotton yarn accounts for the largest share in total yarn
production; in FY15, the segment’s share amounted to 61
percent.
Market Size:
The Indian textiles industry, currently estimated at around US$
108 billion, is expected to reach US$ 223 billion by 2021.
The industry is the 2
providing employment to over 45 million people directly and
60 million people indirectly.
The Indian Textile Industry contributes approximately 5% to
India’s gross domestic product (GDP), and 14% to overall Index
of Industrial Production (IIP).
The Indian textile industry has the potential to reach US$ 500
billion in size.
The growth implies domestic sales to rise to US$ 315 billion
from currently US$ 68 billion. At the same time, exports are
implied to increase to US$ 185 billion from approximately US$
41 billion currently.
nd largest employer after agriculture,
The textiles sector has witnessed a spurt in investment during
the last five years. The industry (including dyed and printed)
attracted Foreign Direct Investment (FDI) worth US$ 1.77
billion during April 2000 to September 2015.
Some of the major investments in the Indian textiles industry
are as follows:
Reliance Industries Ltd plans to enter into a joint venture (JV)
with China-based Shandong Ruyi Science and Technology
Group Co.
Dupont has joined hands with RIL and Vipul Sarees for use of
its renewable fibre product Sorona to make an ‘environment-
friendly’ version of this ethnic ladies wear. Giving Indian sarees
a ‘green’ touch.
Grasim Industries has invested Rs 100 crore to develop its first
fabric brand, Liva', which it will distribute through 1,000 outlets
as part of a plan to stay in sync with changing consumer
behaviour.
Snapdeal has partnered with India Post to jointly work on
bringing thousands of weavers and artisans from Varanasi
through its website to empower local artisans, small and
medium entrepreneurs to sustain their livelihood by providing
a platform to popularise their indigenous products,” said Mr
Kunal Bahl, CEO and Co-Founder, Snapdeal.
Welspun India Ltd (WIL), part of the Welspun Group has
unveiled its new spinning facility at Anjar, Gujarat - the
largest under one roof in India. The expansion project reflects
the philosophy of the Government of Gujarat’s recent ‘Farm-
Factory-Fabric-Fashion-Foreign’ Textile Policy, which is aimed
at strengthening the entire textile value-chain.
American casual fashion retailer Aéropostale, Inc. has inked a
licensing agreement with Arvind Lifestyle Brands Ltd to open
standalone stores in the country. Aéropostale will open 30
stores and 25 shop-in-shop locations over the next three years.http://ift.tt/1scG4Nf
WELSPUN INDIA Fundamental Reports
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