Welspun Living Ltd

- No new fundraising through equity or debt has been announced during the call. - The company is focused on reducing net debt, targeting zero net debt by FY '28. - Net debt as of Q1 FY '26 stands at INR1,401 crores, down from previous quarters. - Capex guidance includes INR200 crores for FY '26, with INR83 crores already spent in Q1. - Additional Board-approved capex of US$13 million (~INR112 crores) is earmarked for a new Pillow and TOB facility in Nevada, USA. - The company is emphasizing prudent cost management and operational efficiency rather than raising new funds. - Focus remains on strengthening balance sheet and cash conversion cycle without immediate new fundraising plans.

- During Q1 FY '26, Welspun Living incurred a capex of INR 83 crores out of the earlier guided INR 200 crores for various capital expenditures. - The Board approved an additional capex of US$13 million (about INR 112 crores) to set up a Pillow and TOB facility in Nevada, USA. - This new Nevada facility will have an annual capacity of 10.8 million pillows in two-shift operations. - The Nevada plant is expected to start operations by Q4 FY '26 and contribute over US$60 million in pillow revenues at full capacity. - There's no new flooring facility investment currently planned. - Ongoing investments include automation improvements to increase effective capacity at existing plants. - Focus remains on strategic expansion in the US (West Coast), UK, EU, GCC, ANZ, and Japan through operational capacity ramp-up and geographic diversification.

- Towels and sheets demand dipped but expected to ramp up next quarter and beyond, with growth in America and other countries. - Jacquard and fashion towels anticipated to see seasonal ramp-up. - Branded portfolio grew single-digit this quarter; new brand programs like Creative CO/Lab and Christy showing growth. - Domestic flooring business growing strongly (26% YoY) with good residential and hospitality demand; inching towards breakeven. - Emerging markets (UK, Europe, Japan, ANZ, GCC) present growing opportunities, diversifying from US dependence. - Capacity expansions (e.g., pillow facility in Nevada) expected to ramp up utilization to full capacity in 1-2 years. - FY '26 faces near-term volatility due to tariff uncertainties but growth expected as trade deals and tariffs stabilize. - Company remains confident in long-term demand recovery and legacy building beyond short-term challenges.

- Earnings impacted by near-term tariff uncertainties, especially affecting US volumes and revenues. - EBITDA margin compressed to 11.1% in Q1 FY '26, down 409 bps YoY, primarily due to lower volumes and operating deleverage. - Profit after tax declined 52.8% YoY in Q1 FY '26; EPS down 52.3% YoY. - Company expects quarter 2 to remain challenging with sustained pressure on top line and bottom line due to tariffs and trade policy uncertainties. - Focus on cost optimization, operational efficiency, and customer alignment to manage near-term pressures. - Management views current challenges as temporary ("blip"); expects recovery as tariff situation resolves. - Growth to be supported by expansion into newer geographies (UK, Europe, Japan, ANZ, GCC) and emerging businesses. - Domestic flooring business showing strong growth and nearing breakeven. - Net debt targeted to be around zero by FY '28, indicating stronger balance sheet. - Overall, long-term outlook is positive with growth and margin normalization expected post-tariff resolution.

The provided document does not explicitly mention the current or expected order book or pending orders for Welspun Living Limited as of July 30, 2025. However, relevant insights include: - The company is experiencing near-term volatility due to tariff uncertainties, impacting order patterns and retailer sentiments (Page 7). - Promotions and some orders were postponed due to tariff overhangs, especially in the US market (Page 13). - Despite short-term challenges, Welspun expects demand to ramp up in next quarters, particularly for towels, sheets, and pillows (Page 13). - Engagements are ongoing with customers and stakeholders to navigate tariff impacts and uncertainties (Page 14). - New business opportunities and positive customer conversations are developing in markets like the UK, Europe, Japan, and ANZ (Page 9). - Company is focused on operational efficiency and cost optimization to manage current uncertainties (Page 14). No concrete orderbook figures were disclosed.