Welspun Living Hits Record Highs In Q2 FY25 With 15.5% Revenue Growth

Welspun Living Limited (WLL), a global leader in home textiles, has achieved its highest-ever quarterly revenue in Q2 FY25, driven by strong performance across emerging businesses and a strategic focus on branding, innovation, and sustainability.

The company reported a total income of Rs 29,360 million, reflecting a 15.5% year-over-year (YoY) growth. EBITDA rose by 7.5% YoY to Rs 4,206 million, with an EBITDA margin of 14.3%. The net profit (PAT) stood at Rs 2,010 million, marking a modest 2.2% YoY growth despite margin pressures.

Performance Highlights

• Home Textiles Business: Revenues surged by 15.3% YoY to Rs 27,128 million, with an EBITDA margin of 13.8%.
• Flooring Segment: Achieved revenue of Rs 2,498 million, showing 9.5% EBITDA growth YoY.
• Emerging Businesses: Grew 22% YoY, demonstrating WLL’s capability in advanced textiles and flooring solutions.
• Innovation Sales: Increased by 13% YoY, contributing Rs 5,997 million to overall revenues.

Welspun’s global brands grew over 50% during the quarter, and the flooring business recorded its highest quarterly revenue to date. The company also reported strong growth in home textile exports, which increased 17% YoY.

Dipali Goenka, Managing Director and CEO of Welspun Living Limited, celebrated the company’s record performance in Q2 FY25, highlighting a 15.5% revenue growth and a 7.5% rise in sustainable EBITDA. “Our emerging businesses, especially flooring, achieved their highest revenues, while global brands grew over 50%, reaffirming our position as the FMCG of textiles.” She added, “With deeper retail penetration through EBOs and MBOs, we are strengthening our leadership in the Indian market, aligned with our vision of ‘Har Ghar Se Har Dil Tak Welspun.’”

Goenka also emphasized Welspun’s focus on sustainability and inclusion, noting that the company recently earned a silver award from EcoVadis, placing it in the top 15% globally in ESG ratings.

ESG Initiatives and Sustainability Milestones
WLL continues to lead in sustainable practices. Some key achievements include:

• Utilization of recycled water and energy-saving initiatives, contributing to environmental sustainability.
• Expansion of the Better Cotton Initiative, benefiting 29,500 farmers across 350 villages.
• Integration of biomass and solar power at production facilities to reduce carbon emissions.
• Introduction of the SPUN initiative, empowering rural women by turning factory scrap into handicrafts.

The company has also committed to achieving 100% sustainable cotton usage and zero hazardous waste by 2030.

Financial Overview

• Net Debt: Increased to Rs 18,323 million, compared to Rs 15,734 million in September 2023.
• Cash Profit: Reported at Rs 3,041 million, a 7.3% YoY growth.
• EBITDA Margin Pressure: Fell by 107 basis points YoY due to higher finance costs, which surged by 62.1%.

Outlook for the Future
Looking forward, WLL plans to enhance its presence in India and international markets with an expanded e-commerce strategy. The company also aims to leverage its blockchain-enabled platform to enhance transparency across product categories and supply chains.

Welspun Living’s sustainable business roadmap and commitment to innovation position it well to maintain its leadership in the fast-evolving global home textile industry.