Consolidated net profit rose to ₹160.7 crore in the quarter ended June 30 from ₹87.5 crore a year earlier. Revenue increased 23.7% to ₹2,795.4 crore from ₹2,260.5 crore.
Earnings before interest, taxes, depreciation and amortisation, or EBITDA, climbed 42.4% to ₹321.1 crore from ₹225.4 crore. The EBITDA margin widened to 12% from 10%, marking the third consecutive quarter of margin improvement, the company said.
Home textiles lead growth
Home textiles, Welspun Living’s largest business, reported revenue of ₹2,680 crore and EBITDA of ₹314 crore in the first quarter, translating into an EBITDA margin of 11.7%.
Home textile exports grew 28.1% from a year earlier, marking what the company described as one of its strongest quarters in recent years as demand improved. Its UK and European businesses each grew more than 20%.
The company’s US pillow business generated 2.3 times the revenue it did a year earlier and remains on track to double revenue in FY27. Its Ohio facility was operating at more than 80% utilisation, while its Nevada facility has begun operations.
Welspun Living’s domestic business grew 21.3% from a year earlier, sustaining the momentum seen in the previous quarter as its brands expanded their reach.
Global brands accounted for about 12% of revenue, with Christy maintaining double-digit growth.
Flooring margins improve
The flooring business reported revenue of ₹188 crore and EBITDA of ₹20 crore, with an EBITDA margin of 10.4%. The company attributed the improvement to operating discipline despite softer exports.
Products driven by innovation accounted for about 25% of the business, while innovation-led sales increased 16% during the quarter.
Welspun Living also said its Anjar facility began operating entirely on green power from mid-July.
Management sees long-term opportunity
Welspun Group Chairman B.K. Goenka said changes in the global sourcing landscape continue to favour India, citing the India-UK Free Trade Agreement, improving tariff visibility in the US and the diversification of global supply chains.
Managing Director and CEO Dipali Goenka said the company expects the external environment to strengthen India’s competitiveness, while its UK and European businesses are already showing encouraging traction.
Welspun Living said it remains on track to double its US pillow business to $60 million in FY27. It expects double-digit revenue growth for the full year, with EBITDA margins in the low teens.
Shares of Welspun Living closed 3.29% lower at ₹159.80 on Thursday, August 13.
Also Read: Solar Industries Q1 profit nearly doubles as defence business surges; order book tops ₹21,000 crore
