FMCG major Nestle India Ltd reported an 8.25 percent rise in its net profit to Rs 668.34 crore for the third quarter that ended September 30. The company, which follows January-December financial year, had posted a net profit of Rs 617.37 crore a year ago, Nestle said in a BSE filing. Nestle India’s net sales rose 18.24 percent to Rs 4,591 crore during the period under review against Rs 3,882.57 crore in the corresponding period of the last fiscal, the company said.
Its total expenses in the July-September quarter increased 20.55 percent to Rs 3,715.40 crore from Rs 3,081.99 crore in the year-ago period.
Nestle India’s domestic sales rose 18.27 percent to Rs 4,361.15 crore compared to Rs 3,687.37 crore in the July-September quarter of 2021. Its exports surged 15.68 percent to Rs 205.45 crore against Rs 177.60 crore a year ago.
Welspun Living Ltd is set to take part in Bharat Tex 2024, a national textile exhibition in New Delhi from February 26 to 29, 2024. This event symbolizes India's standing in the global textile domain, and Welspun Living Ltd. is honored to be part of this significant initiative.
Founded in 1985 by Balkrishna Goenka, Welspun started as Welspun Winilon Silk Mills in Palghar, Maharashtra, and has grown into a global leader in home textiles over 35 years. The company transformed into Welspun Living Limited in 2023, known for innovation, branding, and sustainability. Welspun Living is the largest exporter of textiles to the US, reflecting its commitment to excellence and stakeholders. Guided by core principles, Welspun continues to lead in the textile industry, upholding its legacy amid the challenges of a dynamic global market.
Under the theme "Make in India, for the World," the company aims to exhibit its dedication to quality, innovation, and sustainability. Rooted in the ethos of Make in India for the World, its products fuse global trends with craftsmanship, meeting diverse consumer preferences worldwide. With a focus on dynamic trends in home textiles, Welspun Living uses consumer insights to drive innovation and maintain a leading position.
Bharat Tex 2024, featuring a wide array of textile products, will facilitate networking opportunities and spur growth in the global textile market. Welspun Living's participation will highlight its role in revitalizing India's textile value chain and supporting the Government of India's 5F vision (Farm to Fibre to Factory to Fashion to Foreign). The company aims to underscore India's rich textile legacy and its vision for a sustainable, innovative future globally.
Looking ahead, Welspun Living is committed to expanding its global footprint while reinforcing sustainability and societal impact. Planned trajectories include strategic investments in technology, research, and partnerships to drive growth across the value chain. As the textile sector evolves, Welspun Living remains dedicated to excellence, guided by a vision to create value for all stakeholders.
Dipali Goenka, CEO and MD of Welspun Living Limited stated, “At Welspun Living, our approach to 'Make in India, for the World' underscores the immense potential of India's manufacturing prowess. Through the integration of Industry 4.0 and AI, we are pioneering India's high capability standards globally. With our participation in Bharat Tex 2024, we aim to showcase our thought leadership on sustainability practices. Governance is critical, playing a significant role in catapulting the demand for Indian-made products globally. India is increasingly becoming a preferred global supply chain partner, and with technologies like predictive Analytics powered by AI, Blockchain, the Internet Of Things, and Data Analytics, it is imperative that we stay ahead of the curve and let Indian Textile become a giant in the world-industry.”
Bharat Tex 2024 is expected to be a dynamic platform, bringing together industry leaders, policymakers, and stakeholders worldwide. Welspun Living looks forward to participating in insightful discussions, forming meaningful partnerships, and presenting its latest textile innovations at the event.
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