Welspun Living Limited has announced its Q4 FY26 results, reporting ₹2,451 crore in revenue, marking a 7.7% sequential growth. The Board approved a share buyback worth up to ₹252 crore at ₹175 per share. Additionally, the company is acquiring a 26% stake in CleanMax Dhyuthi Private Limited to boost renewable energy at its Vapi factory, alongside leadership changes including a new Wholetime Director appointment.
Financial Performance Overview
For the quarter ended March 31, 2026, Welspun Living reported a 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%. Notably, the Domestic Consumer Business demonstrated strong resilience with 29.2% year-on-year growth in the fourth quarter. The company successfully reduced its net debt by over 50% during the fiscal year, bringing it down to ₹775 crore.
Strategic Share Buyback
The Board of Directors has approved a proposal to buy back 1,44,00,000 fully paid-up equity shares. The buyback will be executed at a price of ₹175 per share, totaling an aggregate amount not exceeding ₹252 crore. The record date for determining the eligibility of shareholders to participate in the buyback has been fixed as May 22, 2026.
Renewable Energy Acquisition
To strengthen its commitment to sustainable operations, the company will acquire a 26% stake in CleanMax Dhyuthi Private Limited (CDPL) for a total consideration of ₹760 lakhs. This acquisition is designed to enhance the supply of renewable energy to the company’s manufacturing facility in Vapi, Gujarat, via a group captive power model.
Leadership Updates
The company announced significant management changes effective June 1, 2026. Mr. Keyur Parekh has been appointed as a Wholetime Director, bringing over 28 years of professional experience to the role. Concurrently, the Board noted the resignation of Mr. Altaf Jiwani, who served as Wholetime Director & Chief Operating Officer, effective May 31, 2026. Furthermore, the Board approved the re-appointment of M/s. Kiran J. Mehta & Co. as the Cost Auditors for the upcoming financial year.
Dividend Recommendation
In addition to the financial results, the Board has recommended a dividend of Re. 0.10 per equity share, representing a rate of 10% on the equity shares for the financial year 2025-26, subject to approval by the shareholders at the upcoming Annual General Meeting.
Source: BSE
