Welspun Living Sees 17% Revenue Growth In Q1FY25
Welspun Living Ltd., a global leader in home textiles and part of the US$ 3.6 billion Welspun Group, announced its Q1FY25 results, showcasing robust performance despite global challenges.
The company reported a total income of Rs. 25,885 million for Q1FY25, a 17% year-on-year (YoY) increase. The company’s EBITDA rose by 15.2% YoY to Rs. 3,935 million, maintaining a margin of 15%. The PAT increased by 14.8% YoY to Rs 1,855 million.
Home Textile Export Business grew by 19% YoY, achieving an EBITDA margin of 17.0%. The Flooring Business recorded revenue of Rs. 2,278 million with an EBITDA margin of 9.2%.
B. K. Goenka, Chairman of Welspun Group said, “The Company continues to deliver strong performance in Q1FY25 with a growth of 17% YoY, with sustainable EBITDA. Despite the Red sea issues and mixed global marco economic conditions, our exports have grown by 20% YoY, clearly out-performing the industry. All our Emerging businesses, which are our pillars of growth, have shown promising results during the quarter. It is also heartening to see flooring business continuing to show a profitable growth with QoQ higher capacity utilisation.”
The Domestic Consumer business demonstrated resilience amid a challenging Indian retail market, maintaining its leading position with a presence in over 21,000 stores and 39 exclusive brand outlets. Welspun’s commitment to Environment, Social & Governance (ESG) practices is evident, as the company joined the Reuters VISION 2045 Campaign to drive sustainable change, aiming to make India the sustainable loom of the world.
Welspun strengthened its leadership in the home textile market, expanding to over 500 towns and 21,154 outlets, a reach unmatched by any other home textile player in India. Emerging businesses, including the Domestic Consumer business, Branded, Advanced Textiles, and Flooring, grew by 7% YoY. Innovation sales increased by 13%, contributing Rs. 6,401 million and 28% of total sales. In Q1FY25, Welspun spent Rs. 2,067 million, primarily on towel projects at Anjar and pillow projects in the US.
Net debt stood at Rs. 15,620 million, down by Rs. 2,533 million from June 2023, but up by Rs. 2,078 million from March 2024 due to capex spending and increased investment in working capital. The Board approved a buyback of Rs. 2,784 million at a price of Rs. 220 per share.
