Welspun Living Ltd

Filing Status

• No substantive transcript content in this chunk; wrapper metadata only.

Meeting Details

• Event: Q1 FY27 conference call.
• Organizer: Welspun Living Ltd.

Purpose

• Purpose: discuss Q1 FY27 earnings results.

Availability

• Recording of the conference call is available on the company website.
• Transcripts may be available under Investors -> Transcripts -> Year 2027.

Overview

• Global home textiles leader with three segments: Home Textile, Advanced Textile, Flooring Solutions.
• Branded and licensed portfolio; focus on sustainability and ESG leadership.
• Part of the Welspun Group; pursuing diversified, margin-led growth.

Operational Highlights

• Q1 FY27 total income ₹2,828 Cr; YoY +23.5%; QoQ +15.4%.
• Home Textile revenue ₹2,680 Cr; EBITDA margin 11.7%.
• Pillow business on track to USD 60 Mn revenue.
• Ohio pillow facility utilization >80%; Nevada operations now online.
• Flooring revenue ₹188 Cr; EBITDA margin 10.4%.
• Exports growth: Home Textile +28% YoY; Domestic Consumer +21.3% YoY.
• FY27 outlook: double-digit revenue growth and low-teens EBITDA margins.
• Innovation accounts for ~25% of sales; 50 patents.

Financial Performance

• Total Income ₹2,828 Cr; YoY +23.5%; QoQ +15.4%.
• EBITDA ₹354 Cr; margin 12.5%; QoQ +170 bps.
• PAT ₹161 Cr; PAT Margin 5.7%; Cash Profit ₹253 Cr.
• Home Textile revenue ₹2,680 Cr; EBITDA ₹314 Cr; Margin 11.7%.
• Flooring revenue ₹188 Cr; EBITDA ₹20 Cr; Margin 10.4%.
• Net debt ₹775 Cr; Net worth ₹4,917 Cr; Cash ₹1,027 Cr.
• Current ratio 1.58; Net Debt/EBITDA 0.90x (FY26).
• Promoter holding 66.4% as of June 2026.

Capital Structure & Governance

• Net debt ₹775 Cr; Net worth ₹4,917 Cr; Cash ₹1,027 Cr.
• Current ratio 1.58; Net Debt/EBITDA 0.90x (FY26).
• Promoter holding 66.4% as of June 2026.
• Total assets ₹10,455 Cr.

Financial Highlights

• Consolidated total income ₹2,828.16 cr; YoY +23.5%, sequential +15.4%.
• EBITDA ₹354 cr; margin 12.5%, up 140 bps YoY, 170 bps QoQ.
• PAT consolidated ₹162.61 cr; standalone ₹155.73 cr.
• Basic EPS ₹1.69; diluted ₹1.68.
• Anjar facility now operates on 100% green power (mid-Jul 2026).

Operational & Business Highlights

• Home Textiles ₹2,680.44 cr; Flooring ₹187.54 cr; total ₹2,867.98 cr.
• Total income from operations ₹2,795.45 cr; inter-segment revenue ₹72.53 cr.
• UK & Europe growth >20%; US pillows up 2.3x YoY.
• Domestic revenue up ~21% YoY; global brands ~12% share; Christy growth double-digit.
• Flooring margin 10.4%; Innovation contributes ~25% of business.

Corporate Actions & Operational Events

• Buy-back of 1.44 crore shares at ₹175; size ₹252 cr; settled 11-Jun-2026.
• Equity capital reduced by ₹1.44 cr; premium ₹250.56 cr and expenses ₹2.50 cr adjusted to retained earnings.
• Transfer of 51% stake in Welspun Captive Power Generation Limited; becomes associate.
• Vapi unit disrupted from 23-Jul-2026; insured; impact being assessed.
• Independent auditor's review by SRBC & Co LLP completed; no material misstatement observed.

Outlook & Strategy

• Management cites India-UK Free Trade Agreement and US tariff visibility as long-term tailwinds.
• Focus on innovation, manufacturing excellence, brands, and sustainability.

Risks

• Tariff regime shifts and macro factors cited as ongoing external risks.

Resolution details

• Item 1: Ordinary Resolution to approve Keyur Parekh as Whole-Time Director.
• Term: five years from 01-Jun-2026 to 31-May-2031.
• Remuneration: fixed ₹3,37,87,500; variable ₹1,12,62,500; total ₹4,50,50,000.
• Designation: Whole-Time Director and Key Managerial Personnel.
• Independence: Parekh not related to other Directors or KMPs.
• Experience: 28 years; CEO, Global Business, Welspun Living.
• Other roles: Director at Welspun USA and Welspun Global Brands Limited.
• e-voting window: 28 Jul–26 Aug 2026; result by 28 Aug 2026.

Dematerialisation processing and certificate handling

• Dematerialisation requests for the reporting period confirmed to depositories.
• Securities dematerialised listed on the exchanges where earlier issued securities are listed.
• Physical certificates were mutilated and cancelled after verification; depository name substituted as registered owner within prescribed timelines.