Welspun Living reported a revenue of ₹2,456 cr for Q2 FY26, a 16.4% YoY decrease. EBITDA stood at ₹168 cr with a margin of 6.8%. The company noted tariff headwinds impacted export performance but expects transitional disruptions to strengthen India’s global sourcing position. Recent management changes include the appointment of Mr. Manish Bansal as President & Chief Financial Officer effective January 1, 2026.
Financial Performance
In Q2 FY26, Welspun Living’s revenue reached ₹2,456 cr, reflecting a 16.4% decrease compared to the previous year. The company’s EBITDA for the quarter stood at ₹168 cr, with a margin of 6.8%. The company is focused on driving cost discipline and deepening customer relationships. It remains well-positioned to capitalize on opportunities as markets stabilize, supported by a strong domestic foundation.
Segmental Performance
The Home Textile segment reported revenue of ₹2,322 cr in Q2 FY26, down 14.4% YoY. EBITDA for this segment was ₹152 cr, with a margin of 6.6%. The Flooring segment saw revenue of ₹181 cr, a 27.4% YoY decline, and an EBITDA of ₹4 cr. Emerging businesses contributed approximately 30% of the company’s overall business.
Key Management Appointments
The Board approved several key management changes, including the appointment of Mr. Manish Bansal as President & Chief Financial Officer, effective January 1, 2026. Ms. Shraddha Popat was appointed as AVP & Company Secretary and Compliance Officer effective November 12, 2025. Mr. Sanjay Verma was appointed as President & Head – Manufacturing, and Ms. Ruchika Arora as President and CEO – Domestic Retail Business, both effective November 12, 2025. The company also noted the resignation of Mr. Saumil Mehta, effective close of business hours on December 31, 2025.
Additional Highlights
Net debt stood at ₹1,570 cr, lower by ₹262 cr compared to September 2024. The brand ‘Welspun’ continues to strengthen its market leadership position and continues to penetrate deeper into households as the most widely distributed Home Textile brand in the country. In Q2 FY26, the company incurred ₹87 cr towards capital expenditures.
Source: BSE
