Welspun Living reported a revenue of ₹2,456 cr for Q2 FY26, a 16.4% YoY decrease due to global tariff headwinds. EBITDA stood at ₹168 cr with a margin of 6.8%. The company continues to focus on cost discipline and innovation, with the Welspun brand driving affordability. Net debt decreased to ₹1,570 cr. The Board also approved key management changes, including the appointment of Mr. Manish Bansal as President & CFO effective January 1, 2026.
Financial Performance Overview
Welspun Living (WLL) announced its Q2 FY26 results, revealing a revenue of ₹2,456 cr, reflecting a 16.4% year-over-year decrease. Despite the revenue decline, the company’s EBITDA reached ₹168 cr, with a margin of 6.8%.
Key Highlights
- Revenue: Q2 FY26 revenue at ₹2,456 cr, down 16.4% YoY.
- EBITDA: Stood at ₹168 cr, with a margin of 6.8%.
- Net Debt: Reduced to ₹1,570 cr from ₹1,832 cr last year.
Segmental Performance
The Home Textile segment reported revenue of ₹2,322 cr, a 14.4% decrease, while the Flooring segment’s revenue was ₹181 cr, a 27.4% decrease.
Management Appointments
The Board approved the following management changes:
- Mr. Manish Bansal: Appointed as President & Chief Financial Officer, effective January 1, 2026.
- Ms. Shraddha Popat: Appointed as AVP & Company Secretary and Compliance Officer, effective November 12, 2025.
- Mr. Sanjay Verma: Appointed as President & Head Manufacturing, effective November 12, 2025.
- Ms. Ruchika Arora: Appointed as President and CEO Domestic Retail Business for Home Textile & Flooring, effective November 12, 2025.
Other Key Updates
- The resignation of Mr. Saumil Mehta as President of Domestic Home Textiles is effective at the close of business hours on December 31, 2025.
Financial Tables (Consolidated)
| Financial Summary | Q2FY26 | Q2FY25 | YoY% | Q1FY26 | QoQ% | 1HFY26 | 1HFY25 | YoY% |
|---|---|---|---|---|---|---|---|---|
| Total Income | 2,456 | 2,936 | (16.4%) | 2,289 | 7.3% | 4,740 | 5,524 | (14.2%) |
| EBITDA | 168 | 421 | (60.0%) | 254 | (33.9%) | 422 | 814 | (48.1%) |
| EBITDA Margin | 6.8% | 14.3% | (748 bps) | 11.1% | (426 bps) | 8.9% | 14.7% | (582 bps) |
| PAT after Minorities | 13 | 201 | (93.5%) | 88 | (85.2%) | 101 | 387 | (74.0%) |
Source: BSE
