The Towel Division has continued its good performance for the quarter and is operating at 90%+ utilization level. Sheeting business continues to grow significantly over the previous quarter. The Marketing paradigm which was a recent strategic shift is also helping the company tap more strategic accounts. The professional team both In India and USA is reinforced with experienced staff in the areas of design, product development and marketing.
Mr. Rajesh Mandawewala, Joint Managing Director of Welspun India Limited said on the occasion "This performance is a testimony of our belief in our vision to grow in the Home Textiles market to a noticeable leadership position. The shift of strategy by giving more thrust on marketing will significantly improve company's world market share and consequently add to its margins".
