Welspun Living has announced a major international expansion move, with plans to invest USD 13 million in setting up a new pillow manufacturing unit in Nevada, USA.
The decision was approved by the company’s Board of Directors and will be executed through its subsidiary, Welspun USA Inc. This new plant is expected to have an annual production capacity of 10.8 million pillows and is scheduled to be operational by January 2026.
At full capacity, the plant is projected to add approximately USD 50 million in annual revenue to Welspun’s books. The project will be funded through a mix of financing—70% via term loans and the remaining 30% through internal accruals. This move marks another step in Welspun’s strategy to strengthen its footprint in the home textile market in the U.S. and expand its offerings in the premium bedding segment.
Welspun Living Q1 Results
Welspun Living released its financial results for the first quarter of FY26, reporting a significant decline across key metrics. The company posted a net profit of ₹89.3 crore, down 52% from ₹186 crore in the same quarter last year. Revenue also dipped 11% year-on-year to ₹2,261 crore from ₹2,536 crore.
EBITDA for the quarter came in at ₹226 crore, registering a sharp 34% drop compared to ₹341 crore in Q1 FY25. As a result, EBITDA margins narrowed to 10% from 13.45% a year ago.
