5 days ago
Welspun Living Q4 net profit declines 10 percent to Rs 132 crore
Textiles major Welspun Living reported a 10 percent decline in net profit to Rs 132 crore ($15.4 million) for the fourth quarter ended March 31, as against Rs 146 crore in the year-ago quarter.
The company's revenue for the quarter witnessed a 3 percent year-on-year increase to Rs 2,646 crore.
On the segmental front, the home textile business reported revenue of Rs 2,452.56 crore while flooring business recorded revenue of Rs 195 crore.
For the full year, the company's net profit stood at Rs 639 crore with sales revenue of Rs 10,545 crore.
Commenting on the results, B K Goenka, chairman of Welspun Group in a statement said, 'Despite evolving global trade dynamics and tariff uncertainties, Welspun continues to lead with resilience, agility, and innovation bringing clarity to complexity and turning disruption into opportunity.
'FY25 was a defining year as the company crossed the Rs 10,000 crore revenue mark, with consolidated revenues of Rs 10,697 crore, grew by 8.9% and a strong 10.8% growth in home textile exports. Our emerging businesses which are future growth engine contribute approximately 30% of revenues, reinforcing the power of our diversified model,' he added.
Welspun Living, a part of the Welspun Group is amongst the largest home textile manufacturers in the world with a strong presence in bed, bath & flooring segment.
