Any current/future new fundraising through debt or equity?

No explicit mention of any current or planned new fundraising through debt or equity in the Q2 FY'24 earnings call transcript. Net debt as of Q2 FY’24 stands at ₹1,573 Crores, with an objective to reduce to below ₹1,000 Crores by FY’24 end. Cost of debt is currently around 6.5%. Management is focused on prudent capital allocation, especially regarding future capex decisions related to growth and capacity expansion. Any future capex, possibly involving debottlenecking or new investments, will be assessed based on IRR and ROCE considerations. No announcement regarding equity fundraising or fresh

Any current/future capex/capital investment/strategic investment?

Q2 FY'24 capex was ₹168 Crores, mainly for setting up a 30 MW solar power plant at Anjar facility. Board approved investment of ₹56.4 Crores in a special purpose vehicle (SPV) to supply 47 MW renewable energy round-the-clock for Anjar operations, aiming for 80% renewable energy by 2026. The SPV will set up a 150 MW solar plus wind plant; Welspun will hold 27% equity. Exploring debottlenecking of existing capacity, especially in bath linen, to meet demand growth. Considering incremental capex for flooring and home textile capacity expansion once utilization exceeds 95%, subject to prudence on I

Future growth expectations in sales/revenue/volumes?

The company targets topline growth of 10-12% for FY’24 despite global economic volatility and geopolitical concerns. Domestic consumer segment expects good growth in coming months as consumer sentiment improves, especially during the festive season. Flooring business is growing steadily with increased order flows in US, UK, Middle East, and Africa; capacity utilization is rising. Emerging businesses like domestic consumer, global brands, advanced textiles, and flooring grew 28% YoY in Q2. Capacity utilization remains high (80-90%) for key products; debottlenecking and ancillary network optimiz

Future growth expectations in earnings/operating earnings/profits/EPS?

Welspun Living Limited targets topline growth of 10-12% for FY’24, maintaining cautious optimism amidst global economic uncertainties. EBITDA growth guidance is around 15% for FY’24, reflecting operational efficiencies and cost rationalization. Home textile segment is expected to maintain gross margins of about 17-18%, with exports margins around 17-18% despite elevated cotton prices. Emerging businesses (flooring, domestic consumer) currently offer lower margins but are expected to improve as they scale. Flooring business capacity utilization is growing steadily (63% in Q2) with potential for

Current/ Expected Orderbook/ Pending Orders?

New and increased order flows from marquee retailers indicate strong trust and confidence in Welspun Living (Page 15). The company has a robust order portfolio supporting their revenue growth commitment for FY’24 (Page 11). Flooring business orders are not one-off; a consistent run rate of orders is expected due to China+1 strategy and diversified customer base (Page 6). Multiple customers contribute to US flooring orders, with a granular mix rather than dependence on a few big players (Page 9). For home textiles, 70-75% of business is replenishment-based, providing stability and visibility to

Welspun Living LtdQ2 FY24Textiles & Apparels

Welspun Living Ltd Q2 FY24 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹212.17P/E: 72.1Market Cap: ₹20.1K CrSector: Textiles & Apparels

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

N/A

Order

Yes

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 3

The company targets topline growth of 10-12% for FY’24 despite global economic volatility and geopolitical concerns.
Domestic consumer segment expects good growth in coming months as consumer sentiment improves, especially during the festive season.
Flooring business is growing steadily with increased order flows in US, UK, Middle East, and Africa; capacity utilization is rising.
Emerging businesses like domestic consumer, global brands, advanced textiles, and flooring grew 28% YoY in Q2.
Capacity utilization remains high (80-90%) for key products; debottlenecking and ancillary network optimization are being explored to support growth.
New and increased orders from marquee retailers indicate confidence and sustained demand.
The company is cautiously optimistic but committed to maintaining growth and profitability guidance.
Global brands and private label businesses are expanding in new geographies and channels, supporting future growth.

Margin guidance

Category 3

Welspun Living Limited targets topline growth of 10-12% for FY’24, maintaining cautious optimism amidst global economic uncertainties.
EBITDA growth guidance is around 15% for FY’24, reflecting operational efficiencies and cost rationalization.
Home textile segment is expected to maintain gross margins of about 17-18%, with exports margins around 17-18% despite elevated cotton prices.
Emerging businesses (flooring, domestic consumer) currently offer lower margins but are expected to improve as they scale.
Flooring business capacity utilization is growing steadily (63% in Q2) with potential for debottlenecking and possible incremental capex if utilization exceeds 95%.
Profit after tax for Q2 was ₹197 Crores (up 22x YoY), H1 PAT ₹358 Crores (up 12x YoY), showing strong earnings growth momentum.
EPS for H1 FY24 stood at ₹3.70 vs ₹0.31 last year, reflecting strong profitability gains.

See what Welspun Living Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

No explicit mention of any current or planned new fundraising through debt or equity in the Q2 FY'24 earnings call transcript.
Net debt as of Q2 FY’24 stands at ₹1,573 Crores, with an objective to reduce to below ₹1,000 Crores by FY’24 end.
Cost of debt is currently around 6.5%.
Management is focused on prudent capital allocation, especially regarding future capex decisions related to growth and capacity expansion.
Any future capex, possibly involving debottlenecking or new investments, will be assessed based on IRR and ROCE considerations.
No announcement regarding equity fundraising or fresh debt issuance was made during the call.

Order book

Yes

New and increased order flows from marquee retailers indicate strong trust and confidence in Welspun Living (Page 15).
The company has a robust order portfolio supporting their revenue growth commitment for FY’24 (Page 11).
Flooring business orders are not one-off; a consistent run rate of orders is expected due to China+1 strategy and diversified customer base (Page 6).
Multiple customers contribute to US flooring orders, with a granular mix rather than dependence on a few big players (Page 9).
For home textiles, 70-75% of business is replenishment-based, providing stability and visibility to the order book (Page 11).
UK FDA approval expected to boost order inflows within 6 months, expanding exports (Page 7).

See what Welspun Living Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

Q2 FY'24 capex was ₹168 Crores, mainly for setting up a 30 MW solar power plant at Anjar facility.
Board approved investment of ₹56.4 Crores in a special purpose vehicle (SPV) to supply 47 MW renewable energy round-the-clock for Anjar operations, aiming for 80% renewable energy by 2026.
The SPV will set up a 150 MW solar plus wind plant; Welspun will hold 27% equity.
Exploring debottlenecking of existing capacity, especially in bath linen, to meet demand growth.
Considering incremental capex for flooring and home textile capacity expansion once utilization exceeds 95%, subject to prudence on IRR and ROCE.
Focus on optimizing ancillary network near factories for growth.
No specific timelines disclosed yet for new large capex; strategic decisions will depend on market conditions and ROCE metrics.

Track Welspun Living Ltd — get its next earnings analysis in your feed

How does Welspun Living Ltd rank vs peers in Textiles & Apparels?

Pro feature

ThisWelspun Living Ltd

Rev 3Mar 3

See where Welspun Living Ltd sits in Textiles & ApparelsSee which companies these are, and every other name in the sector.Open rankings

How does Welspun Living Ltd rank in Textiles & Apparels?

Compare Welspun Living Ltd against every Textiles & Apparels company (Q2 FY24) on revenue, margins and earnings-call signals.

View Textiles & Apparels leaderboard →

What Welspun Living Ltd's management said in earlier quarters

Others in Textiles & Apparels this season

Suditi Industries Ltd (Q2 FY27)
PAT for Q1-FY27 is INR 16 million with a PAT margin of 9.20% (Page 30). Key investor presentation takeaways from Suditi Industries Ltd's Q2 FY27 investor presen
Ashima Ltd (Q2 FY27)
Quarter ended 30/09/2026 total segment revenue (net sales/income from operations) was ₹1,696 lakhs (Rs. Key results statement takeaways from Ashima Ltd's Q2 FY2
Fiberweb (India) Ltd (Q2 FY27)
Q2 FY27 Revenue: ₹30.74 Cr (Sales); Total Income: ₹30.99 Cr (Page 23) . Key investor presentation takeaways from Fiberweb (India) Ltd's Q2 FY27 investor present
K P R Mill Ltd (Q2 FY27)
Quarterly Revenue from Operations (Q2FY27): ₹1,939.74 Cr, up from ₹1,632.03 Cr in Q2FY26 (18.8% YoY increase). Key investor presentation takeaways from K P R Mi

Compare:vs Page Industries Ltd vs K P R Mill Ltd vs Vardhman Textiles Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Welspun Living Ltd Q2 FY24 Earnings Call Analysis

Revenue guidance

Fundraise plans

Capex plans

How does Welspun Living Ltd rank in Textiles & Apparels?

Continue your research

What Welspun Living Ltd's management said in earlier quarters

Others in Textiles & Apparels this season