Welspun Living reported a 16.4% YoY decline in revenue to ₹2,456 cr for Q2 FY26, with EBITDA at ₹168 cr, a margin of 6.8%. The Board approved key management changes, including the appointment of Mr. Manish Bansal as President & Chief Financial Officer and Ms. Shraddha Popat as AVP & Company Secretary. The company is navigating global tariff headwinds while strengthening its domestic foundation.
Financial Performance in Q2 FY26
Welspun Living announced its Q2 FY26 results, reporting a revenue of ₹2,456 cr, a decrease of 16.4% compared to the previous year. The company’s EBITDA stood at ₹168 cr with a margin of 6.8%. Despite the revenue dip, the Welspun brand continues to drive affordability and growth. The company’s net debt decreased to ₹1,570 cr from ₹1,832 cr in the last year.
Segment Breakdown
The Home Textile segment reported revenue of ₹2,322 cr, a 14.4% YoY decrease, with an EBITDA margin of 6.6%. The Flooring segment’s revenue was ₹181 cr, down by 27.4%, with an EBITDA margin of 2.1%.
Key Management Appointments
The Board of Directors approved the following key management changes:
- Mr. Manish Bansal as President & Chief Financial Officer, effective January 1, 2026.
- Ms. Shraddha Popat as AVP & Company Secretary, effective November 12, 2025.
Other Management Changes
The Board also approved:
- Mr. Sanjay Verma as President & Head – Manufacturing, effective November 12, 2025.
- Ms. Ruchika Arora as President and CEO – Domestic Retail Business for Home Textile & Flooring, effective November 12, 2025.
Resignation
The Board noted the resignation of Mr. Saumil Mehta as President of Domestic Home Textiles, effective close of business hours on December 31, 2025.
Additional Highlights
- Recognized among the Top 50 Best Workplaces for Women 2025
- Ranks 10th in India’s Best Companies to Work For 2025
- Welspun Flooring Limited received the award for Innovator in Digital Technology Integration at the ET Supply Chain Awards
Source: BSE
