Welspun India quarterly net plunges 41%
Source: IRIS | 17 May, 2018, 10.26AM
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Rating: NAN / 5 stars. |
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B.K. Goenka, Chairman, Welspun Group, said, ''FY18 witnessed destocking by retailers, transition to GST, currency appreciation, consumer preference for online channel etc. Nevertheless, we look at these changes as opportunities. We are confident that the Company will revert to the growth path in FY19, driven by our differentiation strategy based on branding, innovation, sustainability and our patented traceability solution, along with our focus on the domestic market.''
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