Business Update14 May 2026, 06:42 pm
Fiberweb Revises Expansion Plan; Projects ₹175 Cr Revenue
AI Summary
Fiberweb India Ltd has revised its expansion plans, shifting from nonwoven flushable products to nonwoven felted products using recycled materials. The company now proposes an investment of approximately ₹50 Crores, significantly lower than the initially planned ₹165 Crores. This revised project is expected to generate annual revenue of approximately ₹175 Crores and a bottom line of around ₹30 Crores. The company cited changes in market conditions, including slower global demand growth for flushable products, as reasons for the shift. Additionally, gross revenue for the quarter ended is ₹972.07 crores, and net profit (pre-tax) is ₹176.65 crores.
Key Highlights
- Fiberweb shifts focus to nonwoven felted products using recycled materials.
- Revised project investment is approximately ₹50 Crores, down from ₹165 Crores.
- The new project is expected to generate ₹175 Crores in annual revenue.
- Company cites market changes and oversupply for flushable products as reasons.
- Gross revenue for the quarter ended is ₹972.07 crores, and net profit (pre-tax) is ₹176.65 crores.