Latest news with #WelspunLivingLtd
Business Upturn
10 hours ago
- Business
- Business Upturn
Welspun Living shares rise 5% as Govt removes duty on cotton imports till Sept 30
By Aditya Bhagchandani Published on August 19, 2025, 09:29 IST Shares of Welspun Living Ltd surged over 5% to ₹123.13 in Monday's trade after the government announced a temporary exemption on the 11% customs duty on raw cotton imports till September 30, providing much-needed relief to the textile and garment industry. The Finance Ministry's notification, issued through the Central Board of Indirect Taxes and Customs (CBIC), removed both the basic customs duty and the Agriculture Infrastructure and Development Cess (AIDC) on cotton imports for a 42-day window starting August 19. The move is expected to ease cost pressures across the textile value chain, covering yarn, fabric, garments, and made-ups. Industry body Confederation of Indian Textile Industry (CITI) welcomed the decision, saying it will help Indian cotton prices align better with international benchmarks and improve export competitiveness. For companies like Welspun Living, a global home textiles leader with strong exposure to the US and Europe, the exemption comes as a timely measure. Exporters have been struggling under the burden of steep 50% US tariffs on Indian textile and apparel shipments, far higher than those levied on competitors like Bangladesh (20%) and Vietnam (20%). Analysts believe the duty removal, though temporary, could support margins for domestic players and provide a psychological boost to an industry battling squeezed demand and rising competition. However, exporters continue to urge the government to negotiate lower tariffs with the US to prevent further market share losses. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
30-07-2025
- Business
- Business Upturn
Welspun Living Q1 Results: Revenue falls 11.6% YoY to Rs 2,289 crore, net profit down 52.8% YoY
By Aman Shukla Published on July 30, 2025, 15:12 IST Welspun Living Ltd reported its financial results for the first quarter of FY26, showing a dip in consolidated revenue to ₹2,289 crore, down 11.6% year-on-year. EBITDA stood at ₹254 crore, reflecting a decline of 35.4% from the same period last year. The EBITDA margin also contracted to 11.1%, compared to 15.2% in Q1FY25. Profit after tax dropped sharply by 52.8% YoY to ₹88 crore. The company's Home Textile segment, its core revenue contributor, saw a 11.1% drop in revenue to ₹2,123 crore. EBITDA for the segment came in at ₹223 crore, with a margin of 10.5%. The Flooring segment revenue fell 15.1% YoY to ₹194 crore, with EBITDA at ₹16 crore. Despite the overall decline, Welspun's domestic consumer business grew 9.5% YoY. The company also reported progress on its financial discipline, with net debt reduced to ₹1,401 crore and an improved cash conversion cycle of 88 days. In a strategic move, the Board has approved an investment of US$13 million to set up a Pillow and TOB (Top of Bed) facility in Nevada, USA, strengthening its global manufacturing footprint. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
08-07-2025
- Business
- Business Upturn
Welspun Living shares rise over 3% as Trump's new tariffs hit Bangladesh exports
By Aditya Bhagchandani Published on July 8, 2025, 10:12 IST Shares of Welspun Living Ltd surged over 3% on Tuesday, July 8, to ₹147.66 after the Donald Trump administration in the United States announced a new 35% tariff on Bangladeshi exports overnight. The stock climbed from its previous close of ₹143.33, gaining ₹4.33 during morning trade. The revised tariff rate of 35% marks a slight reduction from the earlier proposed 37% announced in April but remains significantly higher than the baseline tariff of 10%. The US also indicated that negotiations could continue until August 1, when the tariffs are set to take effect. Welspun Living, a major Indian exporter of home textiles, is expected to benefit from the higher costs imposed on Bangladeshi competitors, potentially increasing demand for Indian products in the US market. Last week, the US signed a trade deal with Vietnam, setting tariffs at 20% for Vietnamese exports to the US and 40% for goods that are transshipped — i.e., routed through Vietnam to evade duties. Market participants appear optimistic that India's exporters, including Welspun, could capture some of the share lost by Bangladesh and Vietnam due to the higher tariffs. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Business Standard
19-06-2025
- Business
- Business Standard
Welspun Living to launch large-scale skilling programme for textile sector
Home textiles manufacturer Welspun Living Ltd on Thursday said it has inked an agreement with the National Skill Development Corporation (NSDC) to launch a large-scale skilling and employment initiative focused on operator-level roles in the textile sector. Under this initiative, Welspun Living will train and certify 1,000 candidates in its pilot phase, with at least 50 per cent women participation, particularly from underrepresented regions such as the North-Eastern states and Uttarakhand, the company said in a statement. The total investment for the program amounts to Rs 4.25 crore. "This partnership reflects our commitment to inclusive and sustainable growth. By focusing on women from North East and Uttarakhand, we are not only bridging skill gap but also unlocking pathways to economic independence, self-worth, and generational impact," Welspun Living MD and CEO Dipali Goenka said. The program will be conducted at Welspun's facilities in Anjar and Vapi in Gujarat in a combination of classroom-based training and on-the-job training in key technical areas such as machine handling, production processes, quality control, safety protocols, and soft skills. Upon successful completion, all trainees will receive a joint certification from NSDC and Welspun and be assured of captive employment within Welspun's textile operations. "Skill development is not just about employment, it is about creating opportunities and empowering people with the ability to transform their futures. Through our collaboration with NSDC, we aim to create a more inclusive and future-ready textile workforce, and contribute to boost economic growth," Welspun Living Ltd Chief Human Resources Officer Rajesh Jain added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Yahoo
30-05-2025
- Business
- Yahoo
Welspun Living Ltd (BOM:514162) Q4 2025 Earnings Call Highlights: Navigating Growth Amid Global ...
Consolidated Revenue: INR10,697 crores for FY25, an 8.8% year-on-year growth. Q4 Revenue: INR2,648 crores, up by 1.2% year-on-year. EBITDA Margin: 13.6% for FY25; Q4 EBITDA margin at 12%. Profit After Tax (PAT): INR639 crores for FY25, compared to INR681 crores last year. EPS: INR6.70 per share for FY25, down by 5% from the previous year. Net Debt: INR1,603 crores, an increase of INR248 crores from last year. Home Textile Revenue: INR8,804 crores for FY25, up by 10.8% year-on-year. Domestic Retail Business: INR605 crores for FY25, a growth of over 5%. Flooring Revenue: INR727 crores for FY25, a decrease of 7% year-on-year. Advanced Textile Revenue: INR562 crores for FY25, growing by 7.8%. CapEx: INR701 crores for FY25, with a planned CapEx of INR300 crores for FY26. Dividend Distribution: Proposed 170% dividend for FY25, amounting to INR163 crores. Warning! GuruFocus has detected 3 Warning Signs with BOM:514162. Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Welspun Living Ltd (BOM:514162) surpassed the INR10,000 crores revenue mark, achieving a consolidated revenue of INR10,693 crores, an 8.8% year-on-year growth. Emerging businesses contribute approximately 30% to the total revenue, showcasing a strong diversified portfolio. The company achieved a significant milestone in sustainability, securing a total ESG score of 83 in the 2024 S&P Global Corporate Sustainability Assessment, ranking fourth globally in its category. Welspun Living's domestic retail business grew over 5% in FY25, reaching INR605 crores, with strong growth momentum in the e-commerce segment, which grew 100% in FY25. The company is expanding its product portfolio for domestic markets through acquisitions, such as acquiring 84.3% equity in a home furnishings company, expected to reach a revenue of INR100-plus crores in three years. The EBITDA margin for Q4 stood at 12%, down 20% year-on-year, primarily due to lower offtake than expected. Profit after tax for the quarter decreased to INR132 crores from INR146 crores year-on-year, with a full-year PAT of INR639 crores, down from INR681 crores. The flooring business recorded a revenue of INR727 crores, declining by 7% in FY25, facing challenges due to US tariffs and other uncertainties. The company experienced margin compression in Q4 due to cautious order patterns from customers ahead of tariff implementation. Welspun Living Ltd (BOM:514162) is unable to provide firm guidance for the current financial year due to prevailing global headwinds and uncertainties. Q: What caused the sharp degrowth in the branded segment of home textiles this quarter, and what is the growth outlook for this segment? A: In India, the branded segment grew annually by 3% despite economic challenges, with a 16% growth in B2C in Q4. The company is targeting a 30% growth in the domestic market this year. The global branded segment remained flat due to order shifts from Q4 to Q1, but overall, the branded business grew by 21% in Q4. Q: Why is the flooring segment struggling despite easing supply chain issues? A: The flooring segment was impacted by tariff uncertainties, leading to cautious order patterns. However, there is optimism due to the China Plus One strategy and partnerships with home improvement chains. Domestic flooring grew by 12% this year, and the company is confident about future growth. Q: How are US tariffs affecting margins and what strategies are in place to mitigate these impacts? A: The US tariffs have introduced uncertainty, but the company is working closely with customers and consulting with a big four firm to minimize impacts. The company has diversified its revenue mix, reducing US dependency from 80% to 60-65%, and is focusing on growth in other regions like the UK and Europe. Q: What is the impact of the UK Free Trade Agreement (FTA) on Welspun's business, and are there opportunities in flooring in the UK? A: The UK FTA presents a significant opportunity, leveling the playing field with Pakistan and Bangladesh. The company is seeing positive retailer engagement and expects growth in towels, sheets, and flooring. The FTA will enhance competitiveness and market share in the UK and Europe. Q: What are the company's plans for capacity expansion to meet new demand in the EU? A: Welspun is increasing its capacity by 10% with a new plant expected to start soon, and additional capacity by Q3 to Q4. This expansion will support growth in all markets, including the UK, leveraging the opportunities presented by the FTA. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
