Welspun Living Ltd

Q4 FY26Textiles & Apparels

Welspun Living Q4 FY26 earnings call: Revenue & Margins

Q4 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

Read5 min read

What the Q4 FY26 call signalled

2 of 3 strong

RevenueModerate growth

MarginMargins up

CapexCapex planned

The short version

FY27 is expected to deliver double-digit growth in top-line revenue, signaling a strong recovery and scaling phase post-FY26 challenges. ROCE expected to improve with growth around more than 15%, focusing on an asset-light model (Page 16).

From Welspun Living Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Moderate growth

FY27 is expected to deliver double-digit growth in top-line revenue, signaling a strong recovery and scaling phase post-FY26 challenges.
Domestic Indian market predicted to grow robustly at around 26% to 30%, driven by increased consumption and brand expansion.
Global B2B segment anticipates double-digit growth, supported by the U.S. and expansion into U.K., Europe, and other FTA-driven markets.
Sleep category (pillows) in the U.S. aims to nearly double revenue from $27.5 million to $60 million in FY27.
Flooring business targets 30% growth next year, primarily from soft flooring and expansion in regions like Australia, New Zealand, Middle East, U.K., and Europe.
Innovation-driven premiumization contributes around 22% to revenue growth, enhancing value-added product sales.

2 more points management made on revenue & sales performance

Profitability & Margins

ROCE expected to improve with growth around more than 15%, focusing on an asset-light model (Page 16).
FY27 guided for double-digit revenue growth and EBITDA margins advancing into the teens, targeting teen EBITDA margin and growth (Pages 6, 12).
Q4 FY26 showed signs of recovery with a 7.7% sequential revenue growth and 10.8% EBITDA margin up 313 bps sequentially (Page 6).
Operating model stress-tested; focus on margin recovery led by operating leverage and mix improvement in FY27 (Page 3).
U.S. B2B pillows business expected to nearly double from $27.5 million to $60 million in FY27, contributing to growth (Page 13).
Domestic India market projected to grow 26-30% in FY27 adding to revenue growth (Page 14).

2 more points management made on profitability & margins

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

Capital Expenditure Plans

Capex planned

FY26 capex was INR472 crores, focused on productivity improvement, sustainability, and selective growth opportunities.
FY27 capex is expected to be INR400-500 crores, mainly towards modernization, automation, and debottlenecking operations.
USD 13 million approved for setting up a pillow manufacturing unit in Nevada, U.S., which partially commenced commercial production as of March 31, 2026.
Investments continue in innovation, sustainability, and nearshore manufacturing.

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

No explicit mention of new fundraising through debt or equity in the provided transcript.
The company reported a significant reduction in net debt to INR775 crores, down 52% from last year, reflecting strong cash flow management.
The company aims to be a net debt zero company by next year (FY27), barring any additional capex or special requirements.
FY27 capex is expected to be in the range of INR400-500 crores, focused on modernization, automation, and debottlenecking, likely funded through internal accruals.

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 transcript does not explicitly mention current or expected orderbook/pending orders details for Welspun Living Limited. However, some relevant points can be inferred regarding demand and growth outlook: - Utilization level was around 86% in FY26, with expectations to improve going forward, indicating healthy order flow. - Growth is expected to be double-digit globally in FY27 with India showing strong momentum at 26-30% growth. - U.S. business set to double from $27 million to $60 million in pillow segment next year. - FTAs in U.K. and Europe expected to create new growth opportunities.

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 Q4 FY26 results?

What is Welspun Living Ltd share price analysis?

Welspun Living Ltd currently shows a below-average growth signal. 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?

FY26 capex was INR472 crores, focused on productivity improvement, sustainability, and selective growth opportunities. - FY27 capex is expected to be INR400-500 crores, mainly towards modernization, automation, and debottlenecking operations. - USD 13 million approved for setting up a pillow manufacturing unit in Nevada, U.S., which partially commenced commercial production as of March 31, 2026. - Investments continue in innovation, sustainability, and nearshore manufacturing. - Focus on expanding manufacturing presence in the U.S.

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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.