Welspun Living Limited has announced its financial results for the quarter and year ended March 31, 2026. The company reported Q4 revenue of ₹2,451 crore, marking a 7.7% sequential growth. In a move to drive shareholder value, the Board has approved a buyback of 1.44 crore shares at ₹175 per share and recommended a dividend of 10%. Additionally, the company announced strategic leadership changes and a 26% stake acquisition in a renewable energy firm.
Financial Performance Review
Welspun Living Limited demonstrated resilience in FY26, navigating global trade disruptions and cautious demand. The company exited the fiscal year with a significantly strengthened balance sheet, having reduced net debt by over 50% to ₹775 crore compared to the previous year. Free cash flow saw a substantial increase, growing 8.5x to reach ₹956 crore. The Domestic Consumer Business proved to be a key driver, delivering a strong 29.2% year-over-year growth in the fourth quarter.
Strategic Shareholder Initiatives
The Board of Directors has approved a buyback proposal to purchase up to 1,44,00,000 fully paid equity shares. This initiative, valued at an aggregate amount not exceeding ₹252 crore, will be executed at a price of ₹175 per share through the tender offer route. The record date for determining the eligibility of shareholders for this buyback has been set for Friday, May 22, 2026. Furthermore, the company has recommended a final dividend of 10% (Re. 0.10 per equity share) for the financial year 2025-26, payable to shareholders as of the record date on July 10, 2026.
Management Changes and Strategic Investments
Welspun Living has announced a leadership transition, noting the resignation of Mr. Altaf Jiwani from his role as Whole-time Director & Chief Operating Officer, effective May 31, 2026. Concurrently, the Board has approved the appointment of Mr. Keyur Parekh as a Whole-time Director, effective June 1, 2026. Mr. Parekh brings over 28 years of professional experience to the role, having led the company’s global home textiles business.
In a move to enhance operational sustainability, the company has approved the acquisition of a 26% stake in CleanMax Dhyuthi Private Limited for a consideration of ₹7.6 crore. This investment is designed to secure the supply of renewable energy for the company’s Vapi factory in Gujarat, supporting the company’s commitment to clean energy and operational efficiency.
Source: BSE
