Welspun Living LimitedQ1 FY27 Results & Financial Update
Welspun Living Limited: Q1 FY27 consolidated results and company financials – revenue ₹2,795.45 Cr, PAT ₹162.61 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore Welspun Living Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Welspun Living reported its strongest growth momentum in seven quarters for Q1 FY27, backed by improving demand across key international markets and sustained domestic performance.
Consolidated revenue from operations expanded 23.5% year-on-year and 15.4% sequentially to reach ₹2,795.45 crore, while total income stood at ₹2,828.16 crore.
Profitability expanded significantly, with profit after tax (PAT) surging 82.1% year-on-year to ₹162.61 crore, reflecting higher operating leverage and cost discipline.
EBITDA reached ₹354.0 crore, with the EBITDA margin improving for the third consecutive quarter to 12.5%, representing a 140 basis point expansion year-on-year and a 170 basis point increase sequentially.
The Home Textiles segment continued to anchor top-line expansion, delivering robust segment revenue and higher profitability compared to previous periods.
The balance sheet strengthened further during the quarter, supported by healthy cash generation and disciplined working capital management alongside the execution of the company's share buyback program.
01 · Business model
What does Welspun Living do?
Welspun Living Limited is a global home textiles manufacturer and part of the Welspun Group, maintaining a distribution footprint spanning over 60 countries and serving top global retailers as strategic partners.
The company's operational model focuses on a differentiation strategy driven by branding, innovation, and sustainability across its core product categories.
Manufacturing operations are anchored in world-class facilities in India, supplemented by global brand properties and an expanding presence in domestic and international markets.
02 · Historical context
What shaped the business before this quarter
The Board of Directors approved a share buyback of up to 14.4 million fully paid-up equity shares at ₹175 per share for a maximum amount of ₹252.00 crore, with the tendering period concluded in June 2026.
The group previously established the Welspun Living Employee Benefit Scheme-2022, granting stock options vesting across four annual anniversaries from the first vesting date.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Q1 FY27 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹2,795.45 Cr | ₹2,260.57 Cr | ₹2,435.43 Cr |
| Total income | ₹2,828.16 Cr | ₹2,259.47 Cr | ₹2,451.20 Cr |
| EBITDA | ₹354.00 Cr | — | — |
| Profit before tax | ₹220.36 Cr | ₹123.99 Cr | ₹125.20 Cr |
| Profit after tax | ₹162.61 Cr | ₹89.30 Cr | ₹106.16 Cr |
| EPS | ₹1.69 | ₹0.92 | ₹1.08 |
| EBITDA margin | 12.50% | — | — |
Financial interpretation
What the reported numbers mean
Profit after tax represented 5.8% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 7.9% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹32.71 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Home textile exports grew 28.1% year-on-year, marking one of the strongest quarters in recent years supported by improving demand conditions.
The domestic business sustained strong momentum from previous quarters, growing 21.3% year-on-year as company brands deepened household penetration.
The UK and Europe region delivered over 20% growth, while the US pillow business expanded 2.3 times year-on-year.
What drove margins
EBITDA margin improved for the third consecutive quarter to 12.5%, driven by operating leverage and manufacturing efficiencies.
Flooring margins improved to 10.4% despite softer export conditions, reflecting disciplined operational execution.
05 · Demand, customers & order book
Where demand is coming from
Maintained strategic partnerships with top global retailers, including clients across major Fortune 100 enterprise categories.
06 · Segments, products & geography
Which parts of the business are doing the work
Geography and market mix
Global brands represented approximately 12% of total revenues, with Christy maintaining double-digit growth.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
The Anjar manufacturing facility transitioned to operate on 100% green power effective mid-July 2026, marking a milestone in the company's sustainability initiatives.
08 · Strategy & new businesses
How the company is trying to change its growth mix
Innovation-led products contributed approximately 25% of total business revenue during the quarter.
09 · Reported developments
What changed operationally
Received multiple accolades at the TEXPROCIL Export Awards 2026, including the Platinum Trophy for Highest Global Exports, Gold Trophy for Innovation, and Gold Trophy for Excellence in ESG.
10 · Pressure points & risks
What is not going smoothly
Subsequent to the quarter end, operations at the manufacturing unit in Vapi, Gujarat, were disrupted from July 23, 2026, due to heavy rains and regional flooding, with the company assessing the impact while noting that assets and materials are adequately insured.
11 · Items worth noticing
The line items that can distort a quick read
Other expenses for the quarter included an exchange loss of ₹16.07 crore, compared to an exchange loss of ₹12.32 crore in the preceding quarter and an exchange gain of ₹5.06 crore in the year-ago quarter.
12 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Finance costs for the quarter stood at ₹34.36 crore, compared to ₹36.59 crore in the previous quarter and ₹42.45 crore in the year-ago quarter.
13 · Management guidance & targets
What management is targeting from here
Management stated that the US pillow business remains on track to double revenues in FY27.
14 · Beyond the numbers
What changed beyond the numbers
Reported update
Share buyback completion
The company bought back 14.4 million equity shares at ₹175 per share, with clearing corporation settlement completed on June 11, 2026, resulting in a share capital reduction of ₹1.44 crore.
Reported update
Subsidiary stake transfer
Subsequent to the quarter end on July 31, 2026, the company completed the transfer of a 51% stake in Welspun Captive Power Generation Limited, converting it from a subsidiary to an associate of the group.
15 · Previous-quarter changes
What changed since the previous quarter
EBITDA margin expanded by 170 basis points sequentially from the quarter ended March 31, 2026, reaching 12.5%.
16 · Key Q&A
The quarter, answered directly
What does Welspun Living do?
Welspun Living Limited is a global home textiles manufacturer and part of the Welspun Group, maintaining a distribution footprint spanning over 60 countries and serving top global retailers as strategic partners.
What is the clearest takeaway from Q1 FY27?
Welspun Living reported its strongest growth momentum in seven quarters for Q1 FY27, backed by improving demand across key international markets and sustained domestic performance.
What drove revenue or demand?
Home textile exports grew 28.1% year-on-year, marking one of the strongest quarters in recent years supported by improving demand conditions.
What mattered most for margins or profitability?
EBITDA margin improved for the third consecutive quarter to 12.5%, driven by operating leverage and manufacturing efficiencies.
What changed operationally beyond the headline numbers?
The Anjar manufacturing facility transitioned to operate on 100% green power effective mid-July 2026, marking a milestone in the company's sustainability initiatives.
What is management guiding or targeting from here?
Management stated that the US pillow business remains on track to double revenues in FY27.
17 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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18 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Vapi facility restoration: Monitor the operational recovery and financial impact assessment of the Vapi manufacturing unit following the July 2026 flooding.
- 02
Power subsidiary transition: Track the financial reporting impact of Welspun Captive Power Generation Limited operating as an associate following the July 2026 stake transfer.
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