Overall textile sector revenues grow 85%

In FY22, total revenues of India’s textile industry grew 85 per cent over FY20 levels. However, EBITDA margins of Welspun declined from 20 per cent in FY20 to 18 per cent in FY21 and further to 13 per cent in FY22. Vardhman Textiles EBITDA dropped to 13 per cent in FY21 from 14 per cent in FY20. However, it increased to 23 per cent in FY22. On a consolidated basis, EBITDA margins of the selected 10 players increased 5.0 percentage points.