Welspun Living Targets Global Growth With Stronger Margins
Welspun Living is witnessing strong recovery momentum as improving margins, lower debt levels and rising branded business strengthen the company’s growth outlook amid favourable global trade developments for India’s textile sector.
The company reported total income of Rs 24,512 million in the fourth quarter of FY26, registering an 11 percent sequential growth over the previous quarter. EBITDA rose sharply to Rs 2,649 million, while margins improved to 10.8 percent from 7.7 percent in Q3 FY26, reflecting the benefits of operational efficiencies, better product mix and cost optimisation initiatives undertaken during the year.
Managing Director and CEO Dipali Goenka said the evolving global trade landscape is creating significant opportunities for Indian textile exporters. She noted that progress in the India-US bilateral trade framework along with advancing free trade agreements with the UK and European Union is enhancing India’s tariff competitiveness and strengthening its position as a preferred global sourcing destination.
Welspun Living’s domestic consumer business continued to emerge as a major growth driver during the quarter, recording a robust 29.2 percent year-on-year growth while also achieving EBITDA breakeven. The company’s branded portfolio now contributes nearly 19 percent of total revenues, highlighting its increasing focus on consumer-led and premium growth segments.
Its flagship brand Welspun has expanded its retail reach to more than 20,000 stores across 600 districts in India, while heritage British towel brand Christy posted 15 percent growth during FY26. Premium home furnishing brand Spaces also continued strengthening its presence across bath, bedding and home categories.
The company significantly improved its financial position during the year, reducing net debt to Rs 37,754 million from Rs 80,025 million in March 2025. Healthy free cash flow generation of Rs 9,557 million during FY26 supported the debt reduction and strengthened the balance sheet.
Welspun Living said it remains focused on sustainability, innovation and geographic diversification as part of its long-term strategy. Innovation-led products currently contribute around 22 percent of revenues, while the company continues to expand its flooring and emerging businesses, which together now account for a growing share of overall revenues.
The company reiterated its ambition to become the world’s leading bath and sleep solutions provider and is targeting EBITDA margins above 15 percent over the medium term. It also aims to achieve Net Zero emissions by 2040 while strengthening sustainable cotton sourcing and innovation-led product development.
With improving profitability, stronger cash generation and favourable global sourcing trends, Welspun Living appears well positioned to capitalise on the next phase of growth in the global home textiles industry.
