Welspun Group is geared up to plan its retail footprints by 20-30% annually in the country.
Welspun is one of the major players in the home textile segment in India. Home textile consists of products like bed sheets, bath rugs and towels. At present, the company’s total exposure in the export market is around 93%.
The company is gauging conducive growth for the textile market to target 25% exposure in the domestic market for next five years. Currently, Welspun has around 170 stores across the country. The typical investment required for a store, including inventories, is pegged at around Rs75 lakh to Rs1 crore.