Welspun Living reported a resilient Q4 FY26 with ₹2,451 crore in revenue, marking a 7.7% sequential growth. Despite global industry challenges, the company improved its balance sheet by reducing net debt by over 50%. The Board has approved a share buyback worth up to ₹252 crore and recommended a dividend of 10%. Additionally, the company announced the acquisition of a stake in CleanMax Dhyuthi Private Limited to enhance renewable energy usage.
Financial Performance Overview
For the fourth quarter of the financial year 2026, Welspun Living reported revenue of ₹2,451 crore, reflecting a 7.7% increase on a sequential basis. The company achieved an EBITDA of ₹265 crore, with a margin of 10.8%. A significant achievement in the fiscal year was the reduction of net debt by over 50%, bringing it down to ₹775 crore, which demonstrates improved operational discipline and cash flow management.
Strategic Buyback and Dividend
To deliver value to shareholders, the Board of Directors has approved a share buyback proposal. The company intends to purchase up to 1.44 crore equity shares at a price of ₹175 per share, with a total outlay not exceeding ₹252 crore. The buyback will be executed via the tender offer route. Furthermore, the Board recommended a dividend of ₹0.10 per equity share (10% on face value) for the financial year 2025-26, subject to shareholder approval.
Sustainability and Operational Initiatives
Welspun Living continues to prioritize sustainability and operational efficiency. The company approved the acquisition of a 26% stake in CleanMax Dhyuthi Private Limited for a consideration of ₹760 lakhs. This move is aimed at securing a captive renewable energy supply for the company’s Vapi factory in Gujarat, aligning with its long-term environmental commitments.
Management Changes
The company also announced a transition in leadership. Mr. Altaf Jiwani, Whole-time Director & Chief Operating Officer, will be stepping down effective May 31, 2026. Mr. Keyur Parekh, who brings over 28 years of professional experience, has been appointed as a Whole-time Director effective June 1, 2026, to continue driving global business growth and operational excellence.
Source: BSE
