Welspun Living Ltd

Welspun Living announced that its subsidiary, Welspun USA Inc. has fully commenced commercial production at the pillow manufacturing unit at Nevada, USA with effect from 15 June 2026.

Welspun Living announced that the Board of Directors of the Company at its meeting held on 15 May 2026, inter alia, have recommended the final dividend of Rs 0.1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

Net profit of Welspun Living declined 21.33% to Rs 103.70 crore in the quarter ended March 2026 as against Rs 131.82 crore during the previous quarter ended March 2025. Sales declined 7.95% to Rs 2435.43 crore in the quarter ended March 2026 as against Rs 2645.90 crore during the previous quarter ended March 2025. For the full year,net profit declined 68.01% to Rs 204.44 crore in the year ended March 2026 as against Rs 639.16 crore during the previous year ended March 2025. Sales declined 10.87% to Rs 9399.11 crore in the year ended March 2026 as against Rs 10545.09 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales2435.432645.90 -8 9399.1110545.09 -11 OPM %10.2311.93 -8.4412.31 - PBDT228.27260.93 -13 700.531233.57 -43 PBT125.20168.09 -26 306.44860.18 -64 NP103.70131.82 -21 204.44639.16 -68 Powered by Capital Market - Live

Revenue from operations rose 7.65% quarter-on-quarter to Rs 2,435.43 crore during the period. However, on a year-on-year basis, consolidated net profit declined 21.33%, while revenue from operations fell 7.95% in Q4 FY26. EBITDA for the quarter stood at Rs 265 crore, down 16.7% from Rs 318 crore in the corresponding period last year. EBITDA margin contracted to 10.8% in Q4 FY26 from 12% in Q4 FY25. On the segmental front, the Home Textile business reported revenue of Rs 2,320 crore, down 5.4% YoY, while the Flooring business posted revenue of Rs 189 crore, down 3.5% YoY. Net debt stood at Rs 775 crore as of March 2026, compared with Rs 1,602 crore as of March 2025, reflecting a reduction of Rs 827 crore year-on-year. The 'Welspun' brand recorded strong 44% growth in Q4 FY26, supported by deeper household penetration, while innovation contributed around 22% of the company's business in FY26. The company incurred capital expenditure of Rs 472 crore during the year. B.K. Goenka, Chairman, Welspun Group, said: 'FY26 tested the entire home textiles industry ' US tariff disruptions, West Asia conflict, and cautious global demand created a challenging backdrop throughout the year. We navigated this with discipline and emerged meaningfully stronger. We exit the year with net debt reduced by over 50%, free cash flow grew 8.5x to ₹956 crores, and a domestic business that grew 29.2% in Q4. The sequential recovery in Q4, with revenues up 7.7% and margins at 10.8%, confirms the trough is firmly behind us. India's landmark FTAs with the US, EU, and UK are a generational shift for our sector ' and we are exceptionally well positioned to capture what comes next. Our #1 global ranking in the S&P Corporate Sustainability Assessment further strengthens our standing with the global retailers. We enter FY27 with confidence ' targeting double-digit growth, backed by structural tailwinds, a strong balance sheet, and a business that has proven its resilience. The board has recommended a dividend of Re 0.10 per equity share (10%) for FY26, subject to shareholder approval, with July 10, 2026 as the record date. The board also approved a buyback of up to 1.44 crore equity shares at Rs 175 per share, aggregating up to Rs 252 crore, representing up to 6.52% of paid-up equity capital and free reserves, with May 22, 2026 fixed as the record date. Separately, the company approved the acquisition of a 26% stake in CleanMax Dhyuthi for Rs 7.6 crore to enhance renewable energy supply for its Vapi facility in Gujarat. Welspun Living (WLL), part of $ 3.6 Bn Welspun Group, is a global leader in Home textiles. With a distribution network in more than 60 countries and world class manufacturing facilities in India, Welspun is strategic partners with top global retailers. WLL is driven by its differentiation strategy based on Branding, Innovation and Sustainability. Powered by Capital Market - Live

Welspun Living will hold a meeting of the Board of Directors of the Company on 15 May 2026.

The board of Welspun Living at its meeting held on 19 March 2026 has accepted the resignation of Rajesh Jain as Chief Human Resources Officer (CHRO) and the member of the Senior Management Team, effective close of business hours on 31 March 2026. The Board also approved the appointment of Sonia Sharma as Vice President - Human Resource effective 01 April 2026. She will also be a part of Senior Management Team.Powered by Capital Market - Live

The board of Welspun Living at its meeting held on 19 March 2026 has approved the increase in capital expenditure from Rs. 75 crore to Rs. 159.38 crore for the CTU connectivity, land acquisition, bay at sub-station, erection of transmission line, inner connectivity ring changes etc. for transmission of RE power to Anjar facility.Powered by Capital Market - Live

The board of Welspun Living at its meeting held on 19 March 2026 has approved acquisition of 3,500 equity shares of Rs 10 each of 'Welspun Corporate Services' (WCSL) (formerly known as Welspun Home Textiles) representing 35% of the total paid-up equity share capital of WCSL at a consideration of Rs. 35,000/-. The balance 65% will be acquired by other Welspun Group entities. WCSL is being positioned as a centralized corporate services platform for Welspun Group entities, providing integrated management and support services including human resources, legal, regulatory and compliance, taxation, corporate restructuring, mergers and amalgamations, strategic advisory and other corporate services. The proposed acquisition is intended to support the establishment and strengthening of WCSL as a centralized umbrella entity for delivering corporate services across the Welspun Group. Consequent to the above acquisition, WCSL will become an associate company of the Company. Simultaneously, the Company and other Welspun Group entities shall be entering into a joint shareholders' agreement with WCSL. This agreement shall not have any impact on the management and control of the Company. Powered by Capital Market - Live

Net profit of Welspun Living declined 99.83% to Rs 0.21 crore in the quarter ended December 2025 as against Rs 120.83 crore during the previous quarter ended December 2024. Sales declined 9.13% to Rs 2262.20 crore in the quarter ended December 2025 as against Rs 2489.61 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales2262.202489.61 -9 OPM %7.0911.26 - PBDT135.66256.61 -47 PBT33.43158.38 -79 NP0.21120.83 -100 Powered by Capital Market - Live

Welspun Living will hold a meeting of the Board of Directors of the Company on 12 February 2026.Powered by Capital Market - Live