Earnings Review
Welspun Living consol PAT dn 94% as tariffs weigh on exports
This story was originally published at 15:57 IST on 12 November 2025
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--Welspun Living Jul-Sept consol net profit INR 129.8 mln
--Analysts saw Welspun Living Jul-Sept consol net profit INR 385 mln
--Welspun Living Jul-Sept consol revenue INR 24.41 bln
--Analysts saw Welspun Living Jul-Sept consol revenue INR 24.01 bln
--Welspun Living Jul-Sept consol PAT INR 129.8 mln vs INR 2.01 bln year ago
--Welspun Living Jul-Sept consol revenue INR 24.41 bln vs INR 28.73 bln
--Welspun Living Apr-Sept consol PAT INR 1.01 bln vs INR 3.87 bln year ago
--Welspun Living Apr-Sept consol revenue INR 47.01 bln vs INR 54.10 bln
--Welspun Living board OKs appointment of Manish Bansal as CFO from Jan 1
By Adhithya Aji
MUMBAI – Welspun Living Ltd.'s consolidated net profit for the September quarter plunged nearly 94% on year as the company's exports were hit by US tariffs. The sharp decline in the bottom line was despite a fall in expenses. While the textile company's net profit failed to meet analysts' estimates, its top line, which fell in mid teens, was largely in line with the Street's view.
"The global tariff situation continues to weigh on export performance, but we remain confident this is a passing phase," B.K. Goenka, chairman of Welspun Group, said in a press release. "While near-term pressures are evident, we believe these disruptions are transitional and will ultimately accelerate the shift in global sourcing where India stands to emerge stronger."
The textile company reported a consolidated net profit of INR 129.8 million for Jul-Sept, down nearly 94% from INR 2.01 billion in the year-ago quarter. The company failed to meet the analysts' estimate of INR 385 million net profit. The revenue of the company came in at INR 24.41 billion, down 15% from INR 28.73 billion reported in the year-ago quarter. Analysts had estimated the top line at INR 24.01 billion.
Total expenses of the company were INR 24.32 billion, down over 8% on year from INR 26.56 billion in the corresponding quarter. The cost of raw materials, which constituted 44% of the total expenses, fell over 27% to INR 10.75 billion. Finance costs of the company fell 21% on year to INR 433.5 million. Expenses towards change in inventories of finished goods, work-in-progress, and stock-in-trade rose sharply to INR 674.4 million in Jul-Sept.
The home textile maker reported consolidated earnings before interest, tax, depreciation, and amortisation, or EBITDA, of INR 1.68 billion for the September quarter, registering a fall of 60% on year. The EBITDA margin of the company contracted 748 basis points on year to 6.8%.
Home textile segment of the company reported a revenue of INR 23.22 billion for the reporting quarter, down 14% on year. The EBITDA for the segment fell over 59% on year to INR 1.52 billion. The EBITDA margin contracted 724 basis points to 6.6%. The exports business of the segment declined over 15% on year. The home textile segment accounted for nearly 93% of the company's September quarter revenue.
The flooring segment's revenue in the September quarter was INR 1.81 billion, down over 27% on year. Its EBITDA fell nearly 83% on year in the reporting quarter to INR 40 million. The EBITDA margin of the segment fell 674 bps to 2.1%. The segment contributed only 7.2% of the company's revenue in Jul-Sept.
The advance textile business of the company declined 19% on year and domestic consumer business fell 3.7% on year in the reporting quarter. The company said it incurred INR 870 million in capital expenditure for the September quarter.
The Gujarat-based company's board has appointed Manish Bansal as the chief financial officer of the company, effective Jan. 1. He currently serves as the chief financial officer of Welspun USA, Inc.
For the six months ended September, the company reported a consolidated net profit of INR 1 billion, which is down nearly 74% on year. Its revenue for the same period was INR 47 billion, down 13% on year.
The company detailed its September quarter earnings during market hours. On Wednesday, shares of the company ended over 3% higher at INR 139.32 on the National Stock Exchange. End
Edited by Tanima Banerjee
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