Welspun Living Ltd

Q2 FY26Textiles & Apparels

Welspun Living Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹189

Market cap₹15.4K Cr

P/E70.8

Updated23 Aug 2026

Read4 min read

The short version

Welspun expects growth post the current tariff-related challenges, viewing them as a temporary blip. Growth in textiles and soft flooring expected, with calibrated growth in textiles and innovative focus on advanced textiles.

From Welspun Living Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Welspun expects growth post the current tariff-related challenges, viewing them as a temporary blip.
FY '27 could see growth rebound due to a low base in FY '26, with potential to exceed historical growth rates in FY '28.
Revenue/volume visibility for Q3 FY '26 is similar to Q2; Q4 visibility is less clear due to holiday season uncertainties.
The company aims to maintain and grow market share globally, including in the U.S., U.K., Europe, and India (which targets ~20% growth).
Nevada facility to be operational by February 2026, expected to boost capacity utilization and revenues.
Christy brand and other branded businesses are growing, indicating growth in online and retail footprint.

2 more points management made on revenue & sales performance

Profitability & Margins

Growth in textiles and soft flooring expected, with calibrated growth in textiles and innovative focus on advanced textiles.
Post-tariff challenges, FY '27 and FY '28 are expected to see growth potentially exceeding historical rates (Dipali Goenka, Page 13).
EBITDA margins: Home textiles expected to maintain 15-16% EBITDA margin despite cotton price increases (Page 13).
Domestic India business aimed for ~20% growth over two years with initial breakeven EBITDA leading to improvement (Page 12).
Market leadership and diversified geography presence in over 65 countries to sustain growth (Page 12).
Margin pressures expected near term due to tariffs, but cost controls and efficiencies targeted for margin normalization by FY '27 or FY '28 (Pages 5, 13).

2 more points management made on profitability & margins

See what Welspun Living Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Q2 FY '26 capex was INR 87 crores, mainly toward efficiency enhancement and hybrid wind and solar power transmission line projects.
Investments align with long-term strategic priorities of operational efficiency and sustainability.
New bath linen capacity at Ohio more than 50% utilized, Nevada capacity expected operational by end of January/1st February 2026, with quarter-on-quarter growth in utilization.
Focus on cost realization, operational efficiencies via automation and digitalization.
No explicit mention of new major capital expenditures beyond ongoing capacity expansions and sustainability projects.

2 more points management made on capital expenditure plans

Top-ranked in Textiles & Apparels

Ranked on what management guided this quarter

5x potential

1Virat Industries₹530 Cr

Rev 1Mar 1

2Purple United₹474 Cr

Rev 1Mar 3

3₹847 Cr

Rev 2Mar 1

4₹279 Cr

Rev 2Mar 1

5₹2.7K Cr

Rev 2Mar 2

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

There was no explicit mention of any current or planned new fundraising through debt or equity in the provided transcript.
The management emphasized strengthening the balance sheet, with net debt slightly reduced (INR1,570 crores vs INR1,603 crores as of March 2025).
Focus is on cost control, operational efficiency, and working capital management rather than on raising fresh funds.
CFO Manish Bansal highlighted improving free cash flow and maintaining a healthy balance sheet.

2 more points management made on fundraising & capital structure

See what Welspun Living Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcripts from the Welspun Living Limited Q2 FY '26 earnings call do not explicitly mention the current or expected order book or pending orders.
There is discussion about volume declines due to tariffs and the impact on shipments to the U.S., but no specific order backlog figures.
Management emphasizes maintaining market share despite tariff challenges and expects growth from geographic and category diversification.
The Ohio facility utilization is increasing (~50%) with a $30 million revenue target for FY '26, and Nevada facility is expected to be operational by February 2026.

2 more points management made on order book & pipeline

Welspun Living Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹2.4K Cr, net profit ₹106 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Welspun Living's management said in earlier quarters

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Frequently Asked Questions

What were Welspun Living Ltd Q2 FY26 results?

What is Welspun Living Ltd share price analysis?

Welspun Living Ltd currently shows a neutral. The stock trades at a P/E of 70.8 with a market cap of ₹15,421 Cr. Investors should review the full earnings analysis for detailed insights.

Is Welspun Living Ltd planning capital expenditure?

Q2 FY '26 capex was INR 87 crores, mainly toward efficiency enhancement and hybrid wind and solar power transmission line projects.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.