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Informist, Thursday, Feb. 12, 2026

 

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--Welspun Living Oct-Dec consol PAT INR 2.1 mln vs INR 1.21 bln year ago 
--Welspun Living Q3 consol revenue INR 22.62 bln vs INR 24.90 bln yr ago 
--Welspun Living Apr-Dec consol PAT INR 1.01 bln vs INR 5.07 bln year ago 
--Welspun Living Apr-Dec consol revenue INR 69.64 bln vs INR 78.99 bln yr ago 
--Welspun Living Oct-Dec labour code implementation cost INR 189.7 mln

 

By Shumaila Firoz

 

MUMBAI – Welspun Living Ltd. reported a near-complete erosion in consolidated net profit for the December quarter, as lower revenue, a sharp drop in other income, and a one-time exceptional charge weighed on the bottom line. However, a slight decline in total expenses offered some support.

 

The textile manufacturer posted a consolidated net profit of INR 2.1 million for the quarter, compared with INR 1.21 billion a year ago--a fall of nearly 100% on year. The revenue from operations declined over 9% on year to INR 22.62 billion while the company's other income plunged more than 62% on year to INR 144.4 million. During the quarter, the company incurred a one-time labour code implementation cost of INR 189.7 million, which further dented profitability.

 

The home textile manufacturer's total expense for the December quarter was INR 22.43 billion, down over 5% on year from INR 23.70 billion a year ago. The cost of materials consumed by the company, which constitute a little over 50% of its total expense, was INR 11.38 billion, down over 5% on year. Purchases of stock-in-trade fell nearly 41% on year to INR 634.2 million. The finance cost for the reporting quarter fell over 37% on year to INR 390.9 million.

 

The company reported consolidated earnings before interest, tax, depreciation, and amortisation of INR 1.75 billion for the December quarter, registering a fall of over 45% on year. Its EBITDA margin contracted 493 basis points on year to 7.7%.

 

The home textiles segment of the company reported a revenue of INR 21.75 billion for the reporting quarter, down 4.7% on year. The EBITDA for the segment fell over 44% on year to INR 1.60 billion. The EBITDA margin contracted 521 bps to 7.3%. The exports business of the segment declined nearly 9% on year. 

 

The flooring segment's revenue for the December quarter was INR 1.72 billion, down over 20% on year. Its EBITDA fell nearly 83% on year to INR 29 million. The EBITDA margin of the segment fell 613 bps to 1.7%. 

 

The advance textile business of the company declined nearly 21% on year but the domestic consumer business grew 4.7% on year in the reporting quarter.

 

"Q3 FY26 (Oct-Dec) remained challenging, with US tariff headwinds and cautious customer ordering impacting demand visibility," Dipali Goenka, managing director and chief executive officer, said in the company's investor presentation. She added, "Recent India–US and India–EU (European Union) trade agreements mark a structural shift, materially improving India's tariff competitiveness versus key sourcing peers and reinforcing India's position as a preferred long-term sourcing destination." 

 

For the nine months ended Dec. 31, Welspun Living reported a consolidated net profit of INR 1.01 billion compared with INR 5.07 billion a year ago. Revenue from operations declined nearly 12% on year to INR 69.64 billion during the period.

 

Thursday, shares of the company ended nearly 2% higher at INR 142.60 on the National Stock Exchange. The company announced its December quarter results during market hours.  End

 

Edited by Avishek Dutta and Rajeev Pai

 

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