Welspun Living Q2 Profit Jumps 13-Fold to Rs 169 Crore

ByPriyaNovember 3, 20261 Mins read1 Views

Welspun Living Q2 profit rose 13-fold year on year to Rs 169 crore in the September 2026 quarter, from Rs 13 crore in Q2 FY26. Revenue from operations grew 16.9% to Rs 2,870 crore, and the home textile maker moved to a net-cash position.

Business Standard reported the results on 2 November 2026, when the stock hit an intraday high of Rs 243, up nearly 11%, on the NSE.

What Were Welspun Living’s Q2 FY27 Numbers?

EBITDA more than doubled to Rs 370 crore, with the margin up 604 bps to 12.9% from 6.8%. PAT margin widened 536 bps to 5.9% from 0.5%. Revenue was Rs 2,870 crore against Rs 2,456 crore a year earlier.

Which Businesses Drove Growth?

Home textile exports grew 18.3%. The US pillow business grew 2.4 times, with both manufacturing facilities operational, and the company is on track to double its revenue in FY27. The domestic business grew 28.2%, with the Welspun brand up 37%. Flooring revenue grew 19.3%, and its EBITDA margin improved to 10.8%.

How Did the Balance Sheet Change?

Welspun Living reached a net-cash position, compared with net debt of Rs 775 crore in March 2026.

Market Reaction and Industry Response

Shares opened 1% higher at Rs 223 and were trading 5.7% higher at Rs 231.55 as of 11 AM, with more than 22 million shares worth Rs 520.25 crore changing hands. The stock was up 75% in 2026 so far, while the Nifty fell 10.7%. Jefferies rates the stock Buy with a target price of Rs 260. It said Vapi floods limited revenue growth but expects that impact to reverse in coming quarters.

What Happens Next?

Management expects mid-to-high single-digit growth in the US and about 20% growth in UK/EU and New Zealand revenue. Jefferies expects 14% revenue, 38% EBITDA and 71% PAT CAGR over FY26-29E.