Welspun Living Limited has announced its financial results for the quarter and year ended March 31, 2026. Despite industry challenges, the company reported 4QFY26 revenue of ₹2,451 crore, up 7.7% sequentially. The Board of Directors recommended a 10% dividend and approved a share buyback of up to ₹252 crore at ₹175 per share. Additionally, the company announced the acquisition of a stake in CleanMax Dhyuthi Private Limited and leadership changes.
Financial Performance Overview
For the fourth quarter of FY26, Welspun Living reported a revenue of ₹2,451 crore, reflecting a sequential growth of 7.7%. The company achieved an EBITDA of ₹265 crore, with a margin of 10.8%. Notably, the Domestic Consumer Business showcased robust growth of 29.2% year-over-year. For the full fiscal year, the company focused on strengthening its balance sheet, successfully reducing its net debt by over 50% to ₹775 crore.
Strategic Shareholder Initiatives
The Board of Directors has approved a share buyback program for the purchase of 1,44,00,000 equity shares at a price of ₹175 per share, totaling an aggregate amount not exceeding ₹252 crore. The buyback will be executed via the tender offer route. The record date for determining the eligibility of shareholders for the buyback is May 22, 2026. Furthermore, the Board recommended a dividend of Re. 0.10 per equity share (10%) for the financial year 2025-26, payable to shareholders on record as of July 10, 2026.
Expansion and Management Changes
To enhance energy efficiency, the company approved the acquisition of a 26% stake in CleanMax Dhyuthi Private Limited for ₹7.60 crore, facilitating renewable energy supply for its Vapi factory. In leadership updates, Mr. Altaf Jiwani, Whole-time Director & Chief Operating Officer, will resign effective May 31, 2026. The company has approved the appointment of Mr. Keyur Parekh as a Whole-time Director, effective June 1, 2026.
Source: BSE
