Jefferies has initiated coverage on Welspun Living (WL) with a Buy rating and a target price of ₹185, viewing it as a key beneficiary of India’s growing home textile exports.
WL is India’s leading home textile exporter, with the US as its largest market. The brokerage said the company stands to benefit from India’s potential trade agreements with the US and EU, similar to the trade deal already finalized with the UK.
Over time, Welspun Living has successfully expanded into new categories and built a stronger branded presence. Jefferies expects the company to deliver an 18% EPS CAGR over FY25–28. However, FY26 earnings could be muted due to near-term tariff uncertainty.
Disclaimer: The views and target prices mentioned in this article are as stated by Jefferies. They do not represent the opinions or recommendations of this publication. Readers are advised to consult their financial advisors before making any investment decisions.
