Welspun Living Limited has announced its financial results for Q4 FY26, reporting revenue of ₹2,451 crore. The Board of Directors has approved a share buyback of up to ₹252 crore at ₹175 per share and recommended a dividend of 10% per equity share. The company also confirmed key management changes, including the appointment of Mr. Keyur Parekh as a Wholetime Director, and an acquisition of a 26% stake in CleanMax Dhyuthi Private Limited.
Financial Performance for Q4 and Year-End
For the quarter ended March 31, 2026, Welspun Living Limited achieved a consolidated revenue of ₹2,451 crore, marking a 7.7% sequential growth. The company reported an EBITDA of ₹265 crore with a margin of 10.8%. For the full FY26, the company focused on strengthening its balance sheet, successfully reducing net debt by over 50% to ₹775 crore compared to the previous year, with free cash flow rising significantly to ₹956 crore.
Strategic Buyback and Dividend Declaration
In a move to return value to shareholders, the Board has approved a buyback of 1,44,00,000 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, with the record date set for May 22, 2026. Additionally, the Board recommended a final dividend of 10%, or Re. 0.10 per equity share for FY26, pending shareholder approval at the upcoming Annual General Meeting. The record date for the dividend is July 10, 2026.
Renewable Energy Acquisition
To support its sustainability goals, the company will acquire a 26% stake in CleanMax Dhyuthi Private Limited for ₹760 lakh. This strategic acquisition is intended to enhance the supply of renewable energy to the company’s Vapi factory in Gujarat, with the project serving as a group captive unit to power the facility.
Leadership Transitions
The company announced significant changes to its management team. Mr. Altaf Jiwani, Wholetime Director and Chief Operating Officer, will resign effective from the close of business hours on May 31, 2026. The Board has approved the appointment of Mr. Keyur Parekh as a Wholetime Director of the company, effective June 01, 2026, bringing over 28 years of professional experience to his new role.
Source: BSE
