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Welspun Living Limited (WELSPUNLIV)

₹219.30 +1.15% last close, 16 Oct

📊 NSE: WELSPUNLIV 🏢 Textiles - Products 📢 Latest filing: 13 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Welspun Living's revenue was ₹2,795 Cr (+23.6% year on year, +14.8% on the previous quarter), and net profit ₹163 Cr (+82.7% year on year); the operating margin was 11.5%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹2,795	+23.6%	+14.8%
Operating profit	₹321	+42.7%	+28.9%
Net profit	₹163	+82.7%	+53.2%
EPS (₹)	1.69	+85.7%	+56.5%
Operating margin	11.5%	—	—

Full quarterly financials → Results calendar →

WELSPUNLIV delivery percentage and bulk deals

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 24.16% of the WELSPUNLIV shares traded on NSE were taken to delivery, against the stock's own 20-session average of 36.33%. That is lower than usual for this stock. 4 bulk or block deals were reported in WELSPUNLIV in the last 60 days: ₹805 Cr bought and ₹526 Cr sold.

24.16%Delivery, 16 Oct

36.33%Own 20-session average

0.8×Volume vs its average

₹219.30NSE close · +1.15%

Delivery in the last 5 sessions: 29.1% · 38.7% · 41.4% · 40.7% · 24.2%

Date	Side	Counterparty	Value	Price	Quantity	Type
23 Sep	Sell	Welspun Group Master Trust	₹525.88 Cr	₹214.90	24,471,102	Block
23 Sep	Buy	Fidelity Investment Trust Fidelity International Small Cap Fund	₹477.98 Cr	₹214.90	22,241,742	Block
23 Sep	Buy	Fidelity Securities Fund Fidelity Blue Chip Growth Fund	₹279.10 Cr	₹214.90	12,987,628	Bulk
23 Sep	Buy	Quant Mutual Fund	₹47.91 Cr	₹214.90	2,229,360	Block

Delivery across the market →All bulk and block deals →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Welspun Living Submits Demat Compliance Certificate for Q2 Ended September 30, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 13 Oct 2026, 01:19 PM

Welspun Living Limited has submitted its confirmation certificate pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on October 03, 2026, confirms that securities received for dematerialisation were processed and confirmed within prescribed timelines. Additionally, physical certificates were mutilated, cancelled, and the depositories substituted as the registered owner. This is a routine quarterly compliance update with no material financial impact.

Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
Covers the quarter ended September 30, 2026
Issued by RTA MUFG Intime India Private Limited dated October 03, 2026

💡 No action needed; investors should monitor upcoming Q2 FY2027 operational and financial results for fundamental triggers.

Welspun Living Shareholders Approve Rs 0.10 Dividend and Key Resolutions at 41st AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Sep 2026, 07:09 PM

Welspun Living Limited announced the voting results of its 41st Annual General Meeting held on September 24, 2026. Shareholders approved all agenda items, including the adoption of FY26 financial statements and a dividend declaration of Rs. 0.10 per equity share (99.9998% votes in favor). Other passed resolutions included director re-appointments, auditor remuneration, and material related-party transactions with Welspun Global Brands and Welspun USA. A special resolution regarding commission to Non-Executive Chairman Balkrishan Goenka also passed, despite 45.28% of voting institutional shareholders dissenting.

Dividend of Rs. 0.10 per share approved with 99.9998% votes in favor
Material related-party transactions with Welspun Global Brands approved with 99.5120% majority
Chairman Balkrishan Goenka's remuneration resolution passed with 91.4639% overall favor, despite 45.28% institutional dissent
Total 82.86 crore valid votes cast out of 94.48 crore total company shares (87.7% turnout)

💡 Track the payout timeline for the approved Rs 0.10 per share dividend and monitor corporate governance disclosures regarding institutional investor concerns on executive remuneration.

India Ratings upgrades Welspun Global Brands' Rs 900 Cr bank loan facilities to IND AA+/Stable

🟢 POSITIVE ⭐ 9/10

OTHER 📅 16 Sep 2026, 11:33 AM

Welspun Living Limited's material subsidiary, Welspun Global Brands Limited, has received a credit rating upgrade from India Ratings and Research (Fitch Group). The rating on its bank loan facilities amounting to INR 9,000 million (Rs 900 crore) has been upgraded to IND AA+/Stable and IND A1+. The rated facilities represent approximately 76.3% of Welspun Living's total consolidated debt of Rs 1,179 crore.

Credit rating upgraded to IND AA+/Stable/IND A1+ by India Ratings and Research
Covers bank loan facilities of INR 9,000 million (Rs 900 crore)
Applies to Welspun Global Brands Limited, a material subsidiary of Welspun Living Limited
Rated amount represents ~76.3% of consolidated total debt of Rs 1,179 crore

💡 Monitor upcoming quarterly financial results for any reduction in consolidated interest costs resulting from improved subsidiary borrowing terms.

Welspun Living Issues Notice & Annual Report Weblink for 41st AGM on Sept 24, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 04 Sep 2026, 05:55 PM

Welspun Living Limited has issued communications to shareholders whose email addresses are not registered, providing web-links and QR codes to access the FY 2025-26 Annual Report and AGM Notice. The 41st Annual General Meeting of the company is scheduled to be held on Thursday, September 24, 2026, at 04:00 P.M. via Video Conferencing / Other Audio Visual Means. This filing is a procedural compliance update pursuant to Regulations 30 and 36 of the SEBI Listing Regulations.

41st Annual General Meeting scheduled for Thursday, September 24, 2026, at 04:00 P.M. via VC/OAVM
Notice of AGM and Annual Report for FY 2025-26 made accessible via company website and NSDL e-voting portal
Dispatched under Regulation 36(1)(b) of SEBI Listing Regulations to unregistered email folios

💡 Shareholders may review the FY 2025-26 Annual Report on the company website and register to vote/participate in the AGM on September 24, 2026.

Welspun Living Submits FY26 BRSR with Independent Assurance by BDO India

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 02 Sep 2026, 10:40 PM

Welspun Living Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, pursuant to Regulation 34(2)(f) of SEBI LODR Regulations. The filing includes an Independent Assurance Statement on non-financial BRSR Core indicators issued by BDO India Services Private Limited. Data verification was conducted across the company's standalone operations at Anjar and Vapi. This is a routine annual compliance submission with no direct impact on financial performance.

Submitted Business Responsibility and Sustainability Report (BRSR) for FY26 pursuant to SEBI listing regulations.
BDO India Services Private Limited issued an Independent Assurance Statement under ISAE 3000 and ISAE 3410 standards.
Data verification for the period 1st April 2025 through 31st March 2026 was conducted physically at Anjar and virtually at Vapi.

💡 No action required. Investors tracking ESG compliance may review the full BRSR disclosures within the FY26 Annual Report.

Welspun Living Dispatches FY26 Annual Report; 41st AGM Scheduled for Sept 24, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 Sep 2026, 10:30 PM

Welspun Living Limited has issued the notice for its 41st Annual General Meeting (AGM) to be held virtually on September 24, 2026. Key agenda items include the declaration of a dividend of ₹0.10 per equity share for FY25-26 and the adoption of audited financial statements. Shareholders will also vote on remuneration proposals, including ₹3.07 crore commission to Non-Executive Chairman Mr. Balkrishan Goenka and up to ₹2.25 crore aggregate commission for Independent Directors. The remote e-voting window will run from September 19 to September 23, 2026, with the cut-off date set as September 17, 2026.

41st AGM scheduled via Video Conferencing on September 24, 2026 at 04:00 PM IST
Recommendation to declare a dividend of ₹0.10 per equity share for FY25-26
Proposed remuneration of ₹3.07 crore (1% of consolidated net profit) to Non-Executive Chairman
Special resolution to approve commission of up to ₹2.25 crore per annum for Independent Directors
Remote e-voting open from September 19 to September 23, 2026 with cut-off date of September 17, 2026

💡 Eligible shareholders on record as of September 17, 2026 can cast votes on AGM resolutions through NSDL remote e-voting before September 23, 2026.

Welspun Living Cancels Rs 7.60 Cr Acquisition of 26% Stake in Clean Max Dhyuthi

🟡 NEUTRAL ⭐ 3/10

M&A 📅 31 Aug 2026, 11:21 PM

Welspun Living Limited has cancelled its proposed acquisition of a 26% equity stake (48,599 shares) in Clean Max Dhyuthi Private Limited from promoter group entity Welspun Corp Limited. The transaction, initially approved on May 15, 2026, was valued at Rs 760 lakhs (Rs 7.60 crore) and aimed at captive renewable power. Both parties mutually agreed to terminate the deal citing local power demand, supply, and availability conditions.

Cancelled acquisition of 48,599 equity shares representing a 26% stake in Clean Max Dhyuthi Private Limited
Transaction value was Rs 760 lakhs (Rs 7.60 crore), which represents less than 0.1% of Welspun Living's TTM revenue of Rs 9,933 crore
Seller was promoter group firm Welspun Corp Limited under a captive renewable power structure
Termination agreed mutually on August 31, 2026, the original target completion deadline

💡 Track Welspun Living's broader renewable energy strategy and power cost savings targets (aiming for 100-150 bps power cost reduction by FY27) through alternative arrangements.

Welspun Living: Shareholders Approve Keyur Parekh as Whole-time Director with 99.90% Votes

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 28 Aug 2026, 02:12 PM

Welspun Living Limited announced the results of its Postal Ballot e-voting, confirming the appointment of Mr. Keyur Parekh as a Whole-time Director (WTD) for a 5-year term effective June 01, 2026. The ordinary resolution was passed with an overwhelming majority, securing 99.90% (75,68,00,297 votes) in favor and 0.10% (7,86,756 votes) against. Total voter turnout stood at 80.19% of total outstanding shares, with promoter and institutional voting participation at 99.99% and 77.20% respectively.

Appointment of Mr. Keyur Parekh as Whole-time Director approved for 5 years effective June 01, 2026
Resolution passed with 99.90% votes in favor (75,68,00,297 votes) and 0.10% against (7,86,756 votes)
Total voter participation was 80.19% of outstanding shares (75,75,87,053 total votes polled)
Institutional shareholders voted 99.38% in favor (12,35,29,304 votes) out of 12,42,95,931 votes polled

💡 Track subsequent executive leadership announcements and quarterly operational updates under the executive team.

Welspun Living Partially Resumes Operations at Vapi Plant After July 24 Disruption

🔵 WATCH ⭐ 5/10

OTHER 📅 27 Aug 2026, 03:21 PM

Welspun Living Limited has announced the partial resumption of operations at its manufacturing facility in Vapi, Gujarat, following an operational disruption communicated on July 24, 2026. Continued restoration efforts are underway to bring the plant back to full capacity. The total financial and operational impact is still being evaluated, and assessment by insurance surveyors is currently ongoing. Vapi represents one of the company's major manufacturing hubs supporting its annual revenue base of ₹9,933 Cr.

Operations partially resumed at the Vapi manufacturing plant in Gujarat as of August 27, 2026.
Follows initial operational disruption reported to exchanges on July 24, 2026 (~1 month downtime).
Insurance surveyor assessment is currently underway to quantify damages and potential claim recovery.
Facility represents a core production location alongside the Anjar, Hyderabad, and Ohio sites.

💡 Track subsequent exchange filings for full operational restoration at Vapi and disclosure of any quantified one-off financial loss or insurance claim realization in upcoming quarterly filings.

Welspun Living Schedules Institutional Investor Meeting for September 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Aug 2026, 03:29 PM

Welspun Living Limited has informed the exchanges that company officials will attend the Ashwamedh – Elara India Dialogue 2026 on Tuesday, September 1, 2026. The event will take place physically in Mumbai and will include one-on-one and group interactions with analysts and institutional investors. The company stated that no Unpublished Price Sensitive Information (UPSI) will be shared during the interactions.

Meeting Date: Tuesday, September 1, 2026
Conference: Ashwamedh – Elara India Dialogue 2026 in Mumbai
Format: Physical one-on-one and group meetings
No Unpublished Price Sensitive Information (UPSI) to be shared

💡 No action required. Investors should monitor future quarterly earnings reports for operational updates and guidance.

Welspun Living Releases Q1FY27 Earnings Conference Call Transcript

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 17 Aug 2026, 06:12 PM

Welspun Living Limited has released the conference call transcript for its Q1FY27 earnings call held with analysts and institutional investors. The company reported revenue of ₹2,795.45 crore and a net profit of ₹162.61 crore for the June 2026 quarter. The complete transcript has been made accessible to investors on the company's official website. This filing is a routine compliance notification regarding investor communications.

Published transcript for the Q1FY27 earnings conference call on August 17, 2026
Covers management commentary following Q1FY27 revenue of ₹2,795.45 crore and PAT of ₹162.61 crore
Accessible publicly via the company's investor portal under Transcripts

💡 Review the transcript for management commentary regarding export demand from the US market (60-61% revenue share), raw material pricing, and progress toward the medium-term ₹15,000 crore revenue target.

Welspun Living Releases Q1 FY27 Earnings Conference Call Recording

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Aug 2026, 07:32 PM

Welspun Living has published the audio recording of its Q1 FY 2026-27 analyst conference call. This follows the company's recent financial performance where it reported a TTM revenue of ₹9,399 crore and an operating margin of 8.4%. The recording provides management's detailed commentary on their strategy to reach a ₹15,000 crore revenue target and their expansion into Flooring and Advanced Textiles. This is a standard transparency measure for shareholders to understand the business outlook beyond the reported numbers.

Recording covers the financial performance for the quarter ended June 30, 2026 (Q1 FY27)
Management is pursuing a medium-term revenue aspiration of ₹15,000 crore
US market remains a critical segment, accounting for 61% of total revenue
Domestic Indian market currently contributes 13% to the overall revenue mix
Company aims for 15-16% EBITDA margins in the medium term

💡 Investors should listen to the recording to understand management's plan for margin recovery, as OPM has declined from 14.1% in FY24 to 8.4% TTM, and to track the progress of the new Flooring segment.

Welspun Living Q1 FY27: Revenue Up 23.5% to ₹2,828 Cr, PAT Jumps 83.6% YoY

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 13 Aug 2026, 04:27 PM

Welspun Living reported a strong start to FY27 with consolidated revenue growing 23.5% YoY to ₹2,828 Cr, driven by a 26.2% surge in the Home Textile segment. EBITDA margins expanded by 140 bps YoY to 12.5%, resulting in a PAT of ₹161 Cr, an 83.6% increase compared to Q1 FY26. The company is scaling its US pillow business, aiming for $60M revenue in FY27, with the Nevada facility now operational as of June 15, 2026. Net debt has significantly reduced to ₹775 Cr from ₹1,603 Cr in FY25, strengthening the balance sheet.

Consolidated revenue reached ₹2,828 Cr, a 23.5% YoY increase and 15.4% QoQ growth.
PAT grew 83.6% YoY to ₹161 Cr, with EPS rising to ₹1.69 from ₹0.92 in Q1 FY26.
Home Textile segment revenue grew 26.2% YoY to ₹2,680 Cr with 11.7% EBITDA margins.
Pillow business is on track to double revenue to $60 million in FY27, with Ohio at 80% utilization.
Innovation-led sales grew 16% YoY, now contributing 25% of total revenues.

💡 Monitor the ramp-up of the newly operational Nevada pillow facility and the impact of the India-UK FTA on export volumes in the coming quarters.

23.5% Revenue Growth: Welspun Living Reports Strong Q1 FY27 with ₹161 Cr PAT

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 13 Aug 2026, 04:19 PM

Welspun Living reported a robust start to FY27 with consolidated revenue reaching ₹2,828 crore, a 23.5% YoY increase. Profit After Tax (PAT) surged 1.8x YoY to ₹161 crore, significantly exceeding the quarterly performance seen throughout FY26. EBITDA margins expanded for the third consecutive quarter to 12.5%, driven by a 28.1% growth in home textile exports and a 21.3% rise in domestic brand sales. The company also achieved 100% green power at its Anjar facility, aligning with its cost-saving and ESG goals.

Consolidated revenue grew 23.5% YoY to ₹2,828 crore, representing ~30% of TTM revenue in a single quarter.
PAT increased 1.8x YoY to ₹161 crore compared to ₹89 crore in the same quarter last year.
EBITDA margin improved by 140 bps YoY and 170 bps sequentially to reach 12.5%.
Home textile exports grew 28.1% YoY, with the US pillow business growing 2.3x YoY.
Flooring segment margins improved to 10.4% despite softer export demand.

💡 Monitor the sustainability of the 12.5% EBITDA margin as the company targets a medium-term goal of 15-16%. Watch for the implementation of the India-UK FTA and any updates on US tariffs, which could impact the 61% revenue share from the US market.

Welspun Living schedules Q1 FY27 earnings conference call for August 13, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Aug 2026, 02:50 PM

Welspun Living Limited has scheduled its conference call to discuss Q1 FY27 financial results on August 13, 2026, at 5:00 PM IST. The management team, including the MD & CEO and CFO, will be present to address investor queries. This follows a fiscal year (FY26) where the company reported TTM revenue of Rs 9,399 Cr and a PAT of Rs 213.16 Cr. Investors will likely focus on the company's progress toward its Rs 15,000 Cr revenue aspiration and the impact of US tariffs, which affect approximately 61% of total revenue.

Conference call scheduled for August 13, 2026, at 17:00 Hrs IST to discuss 1QFY27 results.
Management representation includes Ms. Dipali Goenka (MD & CEO) and Mr. Manish Bansal (CFO).
The call is organized by 360 ONE Capital Market Research.
Company is coming off a TTM OPM of 8.4%, significantly lower than its 15-16% EBITDA margin aspiration.

💡 Monitor the Q1 FY27 earnings release and subsequent management commentary on August 13 for updates on domestic market expansion (currently 13% of revenue) and flooring segment growth.

View All WELSPUNLIV Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

In Q2 FY26, total revenue was INR 2,456 Cr, a decline of 16.4% YoY. The Textile segment revenue stood at INR 2,322 Cr, down 14.4% YoY, while the Flooring segment saw a sharper decline of 27.4% YoY to INR 181 Cr.

Geographic Revenue Split

The company has a heavy export focus with USA & Canada contributing 61% of revenue, UK & EU at 18%, India at 13%, and the Rest of the World (ROW) at 8%.

Profitability Margins

For H1 FY26, the consolidated Net Profit Margin was 7.03% and the Operating Margin was 8.15%. However, Q2 FY26 saw margin pressure with EBITDA margin dropping to 6.8% compared to higher historical levels.

EBITDA Margin

Consolidated EBITDA for Q2 FY26 was INR 168 Cr at a 6.8% margin. The Flooring segment EBITDA margin specifically plummeted from 8.8% to 2.1% YoY, a 674 bps drop, due to lower volumes and high base effects.

Capital Expenditure

While specific future INR Cr figures for total CapEx are not detailed, the company is investing in renewable power projects expected to be operational by H1 FY27 to reduce operational costs.

Credit Rating & Borrowing

The company maintains a strong credit profile with CARE AA; Stable for long-term facilities and CARE A1+ for short-term facilities and Commercial Paper (INR 300 Cr).

⚙️ Operational Drivers

Raw Materials

Key raw materials include cotton and yarn (primary for textiles) and polymers/chemicals for flooring, though specific cost percentages per material are not disclosed.

Import Sources

Sourcing is primarily from India (Gujarat and Telangana regions) for textile operations, with global supply chains supporting international facilities in Ohio, USA.

Capacity Expansion

The company operates major facilities in Anjar and Vapi (Gujarat), Hyderabad, and Ohio. It is expanding its renewable energy capacity to save 100-150 bps in power costs by FY27.

Raw Material Costs

Raw material price volatility is cited as a key risk. The company is driving efficiency and cost discipline to mitigate the 16.4% revenue decline in Q2 FY26.

Manufacturing Efficiency

The company is focusing on 'Resilient | Repurposed | Future Ready' strategies to maintain efficiency despite a high base in the previous year.

Logistics & Distribution

Distribution is global, reaching top retailers; however, logistics costs as a specific % of revenue are not disclosed.

📈 Strategic Growth

Expected Growth Rate

15-20%

Growth Strategy

Growth will be driven by a medium-term aspiration to reach INR 15,000 Cr revenue. Strategies include scaling up brands, regional expansion, and category expansion in Flooring and Advanced Textiles. The company aims for 15-16% EBITDA margins and 15-18% ROCE through disciplined capital allocation.

Products & Services

Home textile products (towels, bedsheets, rugs), flooring solutions (tiles, carpets), and advanced textiles.

Brand Portfolio

Welspun, Sintex (Group brand), and Christy.

New Products/Services

Expansion into Flooring and Advanced Textiles is expected to be a major growth driver, aiming to improve overall business risk profiles.

Market Expansion

Targeting growth in the domestic Indian market (currently 13% of revenue) and expanding the global footprint beyond the current 60+ countries.

Market Share & Ranking

Largest exporter of home textile products from India; Top 4 globally in ESG (DJSI ranking).

Strategic Alliances

Strategic partnerships with top global retailers (Fortune 100 companies) and a 100% independent audit committee for governance.

🌍 External Factors

Industry Trends

The industry is shifting from volume-based to value-based growth. Welspun is positioning itself through sustainability (DJSI Top 4) and innovation (47 patents) to capture this shift.

Competitive Landscape

Competes with other global textile hubs (China, Pakistan, Vietnam) and domestic Indian players in the home textile and flooring segments.

Competitive Moat

Moat is built on 'Branding, Innovation, and Sustainability.' This is sustained by deep relationships with global retailers and a vertically integrated manufacturing setup that provides cost leadership.