E-commerce to contribute 100 per cent to Welspun’s business by 2023

By 2023, Welspun India’s e-commerce operations will contribute 100 per cent to its overall business, says Dipali Goenka, CEO & Joint Managing Director. Welspun India’s business reached $1 billion in FY21. Its core business in the US along with the UK has been strong. The company saw a massive growth in core business. Its advanced textile and flooring businesses posted 87 per cent growth YoY and contributed 15 per cent to its revenues.

In coming year, Welspun expects its overall business to grow by 15 per cent. Its core business is likely to grow by 10 per cent while the company may see a 125 per cent growth in its flooring and 50 per cent growth in advanced textile business. Its EBITDA is expected to grow 17-18 per cent despite challenges. Their online UK brand Christy recorded 2 million views last year. The company’s e-commerce operations contributed 6 per cent to its overall growth last year