Welspun Living Ltd reported its financial results for the first quarter of FY26, showing a dip in consolidated revenue to ₹2,289 crore, down 11.6% year-on-year. EBITDA stood at ₹254 crore, reflecting a decline of 35.4% from the same period last year. The EBITDA margin also contracted to 11.1%, compared to 15.2% in Q1FY25. Profit after tax dropped sharply by 52.8% YoY to ₹88 crore.
The company’s Home Textile segment, its core revenue contributor, saw a 11.1% drop in revenue to ₹2,123 crore. EBITDA for the segment came in at ₹223 crore, with a margin of 10.5%. The Flooring segment revenue fell 15.1% YoY to ₹194 crore, with EBITDA at ₹16 crore.
Despite the overall decline, Welspun’s domestic consumer business grew 9.5% YoY. The company also reported progress on its financial discipline, with net debt reduced to ₹1,401 crore and an improved cash conversion cycle of 88 days.
In a strategic move, the Board has approved an investment of US$13 million to set up a Pillow and TOB (Top of Bed) facility in Nevada, USA, strengthening its global manufacturing footprint.
