As India emerges as a key player in the global technical textiles landscape, Spunbond Nonwoven Limited (SNL) is stepping confidently into the spotlight. With an impressive track record in polypropylene spunbond nonwoven fabric manufacturing and a diversified product portfolio, the company is now preparing to launch its Initial Public Offering (IPO), marking a significant milestone in its growth journey.
India’s nonwoven fabric industry has witnessed exponential growth in recent years. Domestic consumption surged from 548 thousand tons in 2019 to 989 thousand tons in 2023, recording a CAGR of 15.9%. Revenue growth followed suit, rising from ₹14,690 crore to ₹26,700 crore over the same period. The momentum is expected to continue, with consumption projected to grow at a CAGR of 11.2% through 2029. Globally, the nonwoven sector is also on a strong upward trajectory, with demand driven by healthcare, hygiene, packaging, automotive, and construction industries.
A Leader in Spunbond Manufacturing
Spunbond Nonwoven Limited and its wholly owned subsidiary, Spunweb India Private Limited (SIPL), have established themselves among the largest manufacturers of polypropylene spunbond nonwoven fabric in India. As of FY24, their combined installed capacity stands at 32,640 metric tons. Their core product range includes hydrophobic, hydrophilic, super-soft, UV-treated, antistatic, and flame-retardant treated nonwoven fabrics. The companies also manufacture a variety of nonwoven fabric bags, catering to
a wide range of industries, including hygiene, healthcare, agriculture, and construction.
SNL’s financial growth over the past three years reflects its operational strength and strategic direction. Revenue from operations rose from ₹113.82 crore in FY22 to ₹148.61 crore in FY24, delivering a CAGR of 14.27%. EBITDA grew from ₹6.39 crore to ₹15.01 crore (CAGR of 53.25%), while profit after tax increased from ₹3.33 crore to ₹5.44 crore (CAGR of 27.82%). The nine-month period ending December 2024 further
demonstrated this upward trend, with the company recording revenues of ₹157.10 crore, EBITDA of ₹20.48 crore, and PAT of ₹7.29 crore.
Expanding Customer Reach and Capacity Utilization
SNL’s market presence has grown steadily in both domestic and international markets. In India, the company served over 500 customers in the first nine months of FY25, up from 280 in FY22. Its international footprint spans over 20 countries, including the USA, UAE, Italy, Egypt, Saudi Arabia, Sri Lanka, Nepal, Kenya, and Nigeria.
As of March 2025, Spunbond Nonwoven Limited and SIPL operated at capacity utilization rates of 73.24% and 67.21% respectively, offering considerable room for expansion to meet increasing demand. Global demand for hydrophobic and hydrophilic nonwoven fabrics—currently making up over 67% of the market—continues to climb. Consumption of these fabrics grew from 6,341 thousand tons in 2019 to 10,252 thousand tons in 2023, with global sales reaching USD 29.26 billion. By 2029, this figure is expected to grow to USD 40.77 billion, underscoring the long-term potential of this segment.
Poised for the Future
The proceeds from SNL’s upcoming IPO are expected to fuel capacity expansion, technology upgrades, and R&D investments, as well as help strengthen its export capabilities. With its robust infrastructure, strong customer relationships, and proven market leadership, the company is well-positioned to benefit from India’s rapidly evolving textile ecosystem.
Spunbond Nonwoven Limited’s story is one of steady expansion, operational excellence, and timely diversification. As the company prepares for its IPO, it brings to market not just strong numbers, but also a strategic vision to scale new heights in India’s dynamic technical textiles sector. With a firm grip on industry trends and customer needs, SNL is ready to become a prominent force in the global nonwoven
fabric space.
