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Welspun Living Appoints Manjinder Singh as SVP – Projects & Commercial
Welspun Living has appointed Mr. Manjinder Singh as Senior Vice President – Projects & Commercial, effective February 20, 2026. Mr. Singh brings 24 years of extensive experience in managing large-scale capital projects and strategic procurement from firms like Vardhman Textiles and LG Electronics. He will report directly to the MD & CEO, focusing on greenfield and brownfield project execution. His expertise in multi-billion-rupee CAPEX management is expected to drive the company's growth initiatives and commercial efficiency.
Key Highlights
Appointment of Mr. Manjinder Singh as Senior Vice President – Projects & Commercial effective Feb 20, 2026
Mr. Singh brings 24 years of experience in capital projects and strategic procurement
Expertise includes managing multi-billion-rupee CAPEX and greenfield/brownfield project execution
Previous leadership experience at Vardhman Textiles, Welspun India, and LG Electronics
💼 Action for Investors
Investors should view this as a positive step towards strengthening project execution and cost-effective procurement. Monitor the progress of upcoming CAPEX projects under the new leadership.
Welspun Living Q3 FY26: Revenue Falls 9.9%, PAT Slumps to ₹2 Mn Amid Global Headwinds
Welspun Living reported a weak Q3 FY26 with total income declining 9.9% YoY to ₹22,766 mn, primarily due to US tariff headwinds and cautious global ordering. Profitability was severely impacted as PAT plummeted 99.9% to just ₹2 mn, while EBITDA margins contracted by 493 bps to 7.7%. Despite the overall slump, the domestic consumer business showed resilience with 4.7% growth, and net debt was reduced significantly to ₹13,321 mn. Management remains optimistic about long-term benefits from new trade agreements with the US and EU.
Key Highlights
Total Income declined 9.9% YoY to ₹22,766 mn in Q3 FY26.
Net Profit (PAT) crashed 99.9% YoY to ₹2 mn from ₹1,208 mn in the previous year.
EBITDA margin contracted significantly to 7.7% compared to 12.6% in Q3 FY25.
Net Debt improved to ₹13,321 mn, down from ₹16,584 mn in December 2024.
Domestic consumer business grew 4.7% YoY, providing some stability amidst export declines.
💼 Action for Investors
Investors should exercise caution as the company faces severe margin pressure and global demand uncertainty. Monitor the actual realization of benefits from new trade agreements and recovery in US ordering before considering fresh positions.
Welspun Living Q3 FY26 PAT Plummets 99.9% YoY to ₹0.2 Cr; Revenue Down 9.9%
Welspun Living reported a weak set of numbers for Q3 FY26, with consolidated net profit crashing 99.9% YoY to just ₹0.2 crore. Total income declined by 9.9% YoY to ₹2,277 crore, primarily driven by a 20.3% drop in the flooring segment and a 4.7% dip in home textiles. EBITDA margins contracted significantly by 493 basis points YoY to 7.7%, although there was a slight sequential improvement from Q2. On a positive note, the company successfully reduced its net debt by ₹326 crore YoY to ₹1,332 crore.
Key Highlights
Consolidated PAT fell to ₹0.2 crore from ₹121 crore in the same quarter last year, a 99.9% decline.
Total Income decreased 9.9% YoY to ₹2,277 crore, with the flooring business seeing a 20.3% revenue decline.
EBITDA margins shrunk to 7.7% from 12.6% YoY, reflecting significant operational pressure.
Net Debt improved to ₹1,332 crore, a reduction of ₹326 crore compared to December 2024.
The Board approved the redemption of 13.89 lakh preference shares at ₹1,000 each by subsidiary Welspun Global Brands.
💼 Action for Investors
Investors should exercise caution as the sharp decline in profitability and margins indicates significant operational headwinds despite debt reduction. Monitor management commentary regarding the recovery of the flooring segment and the potential impact of upcoming FTAs.
Welspun Living Q3 FY26 PAT Plummets 99.9% YoY to ₹0.2 Cr; EBITDA Margins Shrink to 7.7%
Welspun Living reported a weak set of numbers for Q3 FY26, with consolidated revenue declining 9.9% YoY to ₹2,277 crore. Profitability was severely impacted as PAT crashed 99.9% YoY to just ₹0.2 crore, while EBITDA margins contracted significantly by 493 bps to 7.7%. The flooring business saw a sharp 20.3% revenue drop, and the core home textile segment also faced headwinds with a 4.7% decline. On a positive note, the company successfully reduced its net debt by ₹326 crore YoY to ₹1,332 crore.
Key Highlights
Consolidated Revenue fell 9.9% YoY to ₹2,277 crore in Q3 FY26
EBITDA margins contracted sharply to 7.7% from 12.6% in the previous year
Net Profit (PAT) witnessed a near-total wipeout, falling 99.9% YoY to ₹0.2 crore
Net Debt improved significantly, reducing to ₹1,332 crore from ₹1,658 crore YoY
Flooring segment revenue declined 20.3% YoY with EBITDA margins hitting a low of 1.7%
💼 Action for Investors
Investors should remain cautious due to the severe margin compression and near-zero profitability. Monitor management's commentary on recovery timelines and the impact of global trade agreements before making new entries.