Welspun's textile division's profit more than quadrupled in the third quarter to Rs. 78 crore while sales more than doubled to Rs. 1,339 crore.
"We currently produce only 35% of our requirement for yarn 50% of fabric in-house. We aim to produce 75% of our yarn and fabric in-house," he said. "The interest repayment scheme for yarn factories, offered by both state and central governments, makes debt very cheap."
The company had added 100 stores last year in India, taking the total number of outlets to 250.