Will get double digit growth in Q4: Dipali Goenka, CEO & Joint MD, Welspun India
In a chat with
ET Now, Dipali Goenka, CEO & Joint MD, Welspun India,
talked about the company's recent association with Egypt Cotton and future goals.
Edited excerpts:
Now tell us about your association with Egypt Cotton. Will it impact your top line in any way over one full year?
First of all I would say that this cooperation is very important as the cotton brand called Egyptian Cotton contributes around 6% of our turnover. With the complete solid supply chain and vertical integration at Wellspun, we definitely are very encouraged and we are working on quite a lot of product portfolios and hence it will be something that we are very excited about.
Your top line growth stays around 4-5%. What kind of volume did you clock in the quarter and what is your outlook for FY18?
In third quarter we had around 10-15% growth but if you look at the overall, the growth was around 3.9% which we will be able to get to a double digit growth in the fourth quarter and the next year definitely would be muted but by 2019 we are looking at a double digit growth as we have committed. Our margins perspective will be around 22-23%.
Any other new customers that you are targeting?
There are a lot of them that are coming through and I would not be able to talk about it right now and it is a constant process so it is a journey. When we talk about USA we are talking about UK, Europe and rest of the world, there is something happening there.
Edited excerpts:
Now tell us about your association with Egypt Cotton. Will it impact your top line in any way over one full year?
First of all I would say that this cooperation is very important as the cotton brand called Egyptian Cotton contributes around 6% of our turnover. With the complete solid supply chain and vertical integration at Wellspun, we definitely are very encouraged and we are working on quite a lot of product portfolios and hence it will be something that we are very excited about.
Your top line growth stays around 4-5%. What kind of volume did you clock in the quarter and what is your outlook for FY18?
In third quarter we had around 10-15% growth but if you look at the overall, the growth was around 3.9% which we will be able to get to a double digit growth in the fourth quarter and the next year definitely would be muted but by 2019 we are looking at a double digit growth as we have committed. Our margins perspective will be around 22-23%.
Any other new customers that you are targeting?
There are a lot of them that are coming through and I would not be able to talk about it right now and it is a constant process so it is a journey. When we talk about USA we are talking about UK, Europe and rest of the world, there is something happening there.
