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Welspun India is a major global home textile manufacturer and exporter, part of the Welspun Group. The company specializes in bed, bath, and flooring products, including terry towels, bed linens, and rugs. It operates manufacturing facilities in Anjar and Vapi, Gujarat, and has a distribution network in over 32 countries. Welspun India supplies to 17 of the top 30 global retailers and has a significant presence in 50 countries worldwide. The company has expanded through acquisitions and investments, including Christy's of UK and a stake in Sorema of Portugal. Welspun India has also developed innovative products and technologies, such as the Wel-Trak traceability process and smart textiles. The company operates through two main segments: Home Textile and Flooring, offering a range of products under various brands including Christy, Spaces, Welspun Flooring, Martha, Welhome, and SPUN.
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The Quarter story
The two most recent quarterly results, compared side-by-side.
Welspun Living shows strong margin recovery and aggressive debt reduction, driven by resilient home textile demand and improved cash flow.
EBITDA margin recovered from 6.6% in Q2 2025-26 to 11.7% in Q1 2026-27 — strong pricing power offsets seasonal volume dips
Advanced textile capacity utilization dropped from 49% in Q1 2025-26 to 36% in Q1 2026-27 — weak order books pressure production lines
Net debt fell from ₹15,703 Cr in Q2 2025-26 to ₹775 Cr in Q4 2025-26 — aggressive deleveraging strengthens the balance sheet
Bed linen capacity utilization fell from 76% in Q3 2025-26 to 60% in Q1 2026-27 — seasonal slowdown reduces factory throughput
Bath linen capacity utilization rebounded from 74% in Q3 2025-26 to 83% in Q1 2026-27 — core home textile demand remains robust
ROCE declined from 11.0% in Q1 2025-26 to 5.6% in Q4 2025-26 — capital efficiency needs monitoring amid lower returns
Renewable energy share climbed from 21% in Q2 2025-26 to 27% in Q1 2026-27 — green transition lowers long-term operating costs
Public shareholding slipped from 19.8% in Q2 2025-26 to 17% in Q4 2025-26 — retail investors are reducing their stakes
Cash reserves grew from ₹8,165 Cr in Q2 2025-26 to ₹10,270 Cr in Q4 2025-26 — improved liquidity supports future investments
Sustainable farmer outreach shrank from 27,824 in Q1 2025-26 to 23,646 in Q1 2026-27 — supply chain consolidation limits community impact