Welspun Living Limited has announced its financial results for the quarter and year ended March 31, 2026. The company reported a consolidated revenue of ₹2,451 crore for the fourth quarter, reflecting a 7.7% sequential growth. Key strategic highlights include the approval of a ₹252 crore buyback, a proposed dividend of 10%, and the acquisition of a 26% stake in CleanMax Dhyuthi Private Limited to bolster its renewable energy initiatives.
Quarterly Financial Performance
For the quarter ended March 31, 2026, the company achieved a total consolidated revenue of ₹2,451 crore, marking a 7.7% increase compared to the previous quarter. The company reported an EBITDA of ₹265 crore, with a margin of 10.8%. For the full fiscal year 2026, the company successfully reduced its net debt by over 50%, bringing it down to ₹775 crore.
Strategic Share Buyback and Dividend
The Board has approved a buyback proposal for 1,44,00,000 equity shares at a price of ₹175 per share, totaling an aggregate amount of up to ₹252 crore. The record date for determining the eligibility of shareholders for this buyback has been fixed for May 22, 2026. Furthermore, the company has recommended a dividend of Re. 0.10 per share for the financial year 2025-26, with a record date of July 10, 2026.
Sustainability and Growth Initiatives
In a move to enhance the supply of renewable energy, the company is acquiring a 26% stake in CleanMax Dhyuthi Private Limited for ₹7.6 crore. This acquisition aims to support the company’s Vapi manufacturing facility with renewable power through a captive unit. Additionally, the company is seeing strong momentum in its domestic business, which recorded 29.2% year-over-year growth in the fourth quarter.
Management Transition
The company announced a leadership change, noting the resignation of Mr. Altaf Jiwani from his role as Whole-time Director and Chief Operating Officer, effective May 31, 2026. Concurrently, Mr. Keyur Parekh has been appointed as a Whole-time Director, effective June 01, 2026, to drive forward the company’s global business and strategic objectives.
Source: BSE
