Welspun incorporated Christy Home with equity share capital of $300,000 consisting of 300 ordinary shares of $1,000 each. The company said that it will carry on the business of trading in home textiles products of Christy brand in USA.
Welspun India is a leading manufacturer of wide range of home textile products, mainly terry towels, bed linen products and rugs.
The company reported 14.8% rise in consolidated net profit to Rs 185.51 crore on 16.1% increase in revenue from operations to Rs 2,536.49 crore in Q1 FY25 over Q1 FY24.