WELSPUNLIV

Welspun Living share price & financials

Price
₹164.4
Market cap
₹18.2k Cr
Sector
Textiles
Calls analysed
9
Latest concall · Q1 FY27 · call held 13 Aug 2026

Welspun Living Limited Q1 FY27

Consolidated Revenue ₹2,828 cr +24%EBITDA Margin 12.5% PAT Margin 5.7%

What went well

  • Consolidated revenues grew 23.5% year-on-year and 15.4% sequentially to INR 2,828 crores.
  • EBITDA margins expanded to 12.5%, improving by 140 basis points year-on-year and 170 basis points sequentially.
  • Profit after tax nearly doubled, with PAT margins improving from 3.8% to 5.7%.

What to watch

  • Gross margin declined in Q1 FY27 primarily due to raw material inflation.
  • Vapi facility experienced unprecedented flooding, which will largely impact Q2 FY27, though fully insured.
Read the full call →

What Welspun Living Limited does

Welspun Living is a vertically-integrated manufacturer of home textiles, making bath linen, bed linen, and rugs & carpets that it sells both to B2B retail partners and under its own brands across more than 60 countries. It also runs an Advanced Textiles business producing spunlace and needle-punch nonwovens and wet wipes, and a separate Flooring Solutions business making carpets and rugs. Manufacturing is anchored at its integrated campus in Anjar, Kutch (Gujarat), with an additional pillow-manufacturing plant in Ohio, USA. In India it distributes under a mass-market home brand through a large retail store network, alongside institutional supply relationships with global hospitality chains such as Hyatt, IHG, Marriott and Wyndham, and internationally under the heritage British brand Christy.

Segments

  • Home Textile
  • Advanced Textile
  • Flooring Solutions
Market position
Rank 1 in Towels & Bath Rugs; Top 2 in Sheets
Geographic reach
Home Textile sold B2B and under own brands across 60+ countries
Domestic distribution network
20,000+ retail stores across 600 districts in India
Manufacturing footprint
Vertically-integrated manufacturing campus at Anjar, Kutch (Gujarat, India) plus a pillow-manufacturing plant in Ohio, USA
Bath linen installed capacity
96,400 MT
Bed linen installed capacity
108 million metres
Founded 1985Headquarters Mumbai, Maharashtra (registered office: Anjar, Kutch, Gujarat), India Company website

Guidance record · Q1 FY27

what the last two calls moved 32 tracked 4 delivered 14 missed 14 open
  • Net Debt went quiet said Q2 FY25 Promised: zero to ₹200 crores by FY28 Q1 FY27: The net debt figure and the FY27 zero net debt target were not mentioned in the earnings call or presentation.
  • Home Textile EBITDA Margin (Maintenance) at risk said Q2 FY26 Promised: 15% to 16% Q1 FY27: Consolidated EBITDA was 12.5%. Management guided for a gradual move towards 15% over the next year, implicitly confirming the 15-16% target is not currently being met.
  • Net Debt delivered said Q3 FY25 Promised: ₹1,000 crores Q4 FY26: Achieved year-end net debt of ₹775 crores, significantly beating both the revised (₹1,300-1,400 cr) and original (₹1,000 cr) targets.

All 32 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 10.6%, net profit up 105.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue2,396 1,970 2,086 1,883 1,843 −23%1,961 −0%1,905 −9%2,083 +11%
EBITDA264 189 212 165 59 −78%80 −58%92 −57%182 +10%
Net profit176 88 98 76 148 −16%-10 −111%27 −72%156 +105%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +65.4% 1Y

₹120₹140₹160₹180₹200₹220Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 15 May 2026Q1 FY27 — 13 Aug 2026

1Y: ₹125.53 on 10 Sept 2025 → ₹207.68. High ₹211.95 (7 Sept 2026), low ₹108.32 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−3.3%
13 Aug
Q4 FY26
+5.1%
15 May
Q3 FY26
+1.7%
12 Feb
Q2 FY26
+3.3%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue fell 2.1% a year over 3 years, FY23 to FY26. Operating margin narrowed to 5.2%.

Year endingFY23FY24FY25FY26
Revenue₹8.1k Cr₹7.9k Cr₹8.6k Cr₹7.6k Cr
Operating profit₹753 Cr₹993 Cr₹907 Cr₹396 Cr
Operating margin9.3%12.6%10.5%5.2%
Interest₹129 Cr₹93 Cr₹129 Cr₹75 Cr
Depreciation₹443 Cr₹276 Cr₹277 Cr₹259 Cr
Net profit₹202 Cr₹588 Cr₹507 Cr₹241 Cr
Net margin2.5%7.5%5.9%3.2%
Cash from operations₹279 Cr₹372 Cr₹531 Cr₹518 Cr
Free cash flow₹121 Cr₹162 Cr₹208 Cr₹371 Cr
ROCE5.0%16.0%14.0%7.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹100 Cr₹99 Cr₹99 Cr₹97 Cr₹96 Cr₹96 Cr
Reserves₹3.2k Cr₹3.4k Cr₹3.3k Cr₹3.6k Cr₹4.7k Cr₹4.0k Cr
Borrowings₹1.4k Cr₹1.3k Cr₹1.8k Cr₹2.0k Cr₹2.7k Cr₹1.2k Cr
Other liabilities₹1.4k Cr₹1.4k Cr₹1.7k Cr₹1.8k Cr₹2.8k Cr₹2.0k Cr
Total liabilities₹6.1k Cr₹6.2k Cr₹6.9k Cr₹7.5k Cr₹10.3k Cr₹7.2k Cr
Fixed assets₹2.1k Cr₹2.0k Cr₹2.9k Cr₹2.8k Cr₹4.2k Cr₹2.7k Cr
Capital work in progress₹25 Cr₹46 Cr₹34 Cr₹46 Cr₹182 Cr₹129 Cr
Investments₹1.4k Cr₹1.9k Cr₹1.3k Cr₹1.6k Cr₹641 Cr₹1.7k Cr
Other assets₹2.5k Cr₹2.3k Cr₹2.6k Cr₹3.1k Cr₹5.3k Cr₹2.7k Cr
Total assets₹6.1k Cr₹6.2k Cr₹6.9k Cr₹7.5k Cr₹10.3k Cr₹7.2k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −2.70 pp while DIIs added +2.14 pp. The shareholder count shrank 14% to 2,23,860.

Promoters
66.4%
FIIs
5.2%
DIIs
11.4%
Government
0.0%
Public
16.7%
Others
0.3%

Since Jun 2025

  • Public −2.70 pp
  • DIIs +2.14 pp
  • FIIs +0.46 pp

How it drifted, 12 quarters

Over this window DIIs went from 5.9% to 11.4% — +5.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 70.5%, FIIs 6.3%, DIIs 5.9%, Public 16.3%, Others 1.0%.Dec '23: Promoters 70.5%, FIIs 7.3%, DIIs 5.3%, Public 15.9%, Others 1.0%.Mar '24: Promoters 70.5%, FIIs 7.1%, DIIs 5.4%, Public 15.9%, Others 1.0%.Jun '24: Promoters 70.5%, FIIs 5.9%, DIIs 5.5%, Public 17.1%, Others 1.0%.Sep '24: Promoters 66.2%, FIIs 7.1%, DIIs 7.7%, Public 18.0%, Others 1.0%.Dec '24: Promoters 66.2%, FIIs 5.9%, DIIs 8.3%, Public 18.5%, Others 1.0%.Mar '25: Promoters 66.2%, FIIs 5.3%, DIIs 8.9%, Public 18.5%, Others 1.0%.Jun '25: Promoters 66.2%, FIIs 4.8%, DIIs 9.2%, Government 0.0%, Public 19.4%, Others 0.4%.Sep '25: Promoters 66.2%, FIIs 5.0%, DIIs 8.6%, Government 0.0%, Public 19.8%, Others 0.4%.Dec '25: Promoters 66.2%, FIIs 5.0%, DIIs 10.4%, Government 0.0%, Public 17.9%, Others 0.4%.Mar '26: Promoters 66.2%, FIIs 5.0%, DIIs 11.2%, Government 0.0%, Public 17.2%, Others 0.3%.Jun '26: Promoters 66.4%, FIIs 5.2%, DIIs 11.4%, Government 0.0%, Public 16.7%, Others 0.3%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Welspun Living Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Balkrishan Goenka Trustee of Welspun Group Master Trust 65.85%+0.12 pp
SBI Life Insurance Co. Ltd Insurer3.35%−0.19 pp
HSBC Mutual Fund - HSBC Small Cap Fund Mutual fund2.85%unchanged
Life Insurance Corporation Of India Insurer2.71%unchanged
Quant Mutual Fund - Quant Small Cap Fund Mutual fund1.80%+0.38 pp
Akash Bhanshali 1.42%unchanged
Radhika Goenka Agarwal 0.21%unchanged
Aryabhat Vypar Private Limited 0.15%unchanged
Dipali Balkrishan Goenka 0.08%unchanged
Balkrishan Gopiram Goenka 0.05%unchanged
Balkrishan Goenka (HUF) 0.02%unchanged
Welspun Realty Private Limited 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in WELSPUNLIV

Filings to Aug 2026

0 new, 4 added, 1 trimmed, 0 sold out — net +0.09 L shares (+1.1%).

Held by funds
₹17 Cr
5 schemes
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹10 Cr · 0.3% of that fund
SchemeHoldingLast month
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹10 Cr+0.06 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹5 Cr+0.03 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

4 added, 1 trimmed — net +9,099 shares (+1.1%)

Funds are sitting on
+25%
vs est. average cost
Held by funds
₹17 Cr
5 schemes · ≈ 0.08% of the company
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹10 Cr · 0.3% of that fund

Shares held by these funds −68%

Aug '23 8.33 L shares Jul '26

All earnings calls (9)

Read the Q1 FY27 call →

Learn to analyse Welspun Living Limited

Guides on how to read this kind of business and the numbers that matter.