Key Financial Results (Consolidated)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from Operations: ₹2,838.12 crore (vs ₹2,440.91 crore in Q2 FY26) - 16.3% growth
  • Total Income: ₹2,869.90 crore (vs ₹2,455.66 crore in Q2 FY26)
  • EBITDA: Not explicitly stated but implied through margin improvement
  • Profit Before Tax (before exceptional items): ₹232.98 crore (vs ₹23.82 crore in Q2 FY26)
  • Profit Before Tax (after exceptional items): ₹225.82 crore
  • Net Profit: ₹169.66 crore (vs ₹14.86 crore in Q2 FY26) - 13x growth
  • EPS (Basic after exceptional items): ₹1.80 (vs ₹0.13 in Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from Operations: ₹5,633.57 crore (vs ₹4,701.48 crore in H1 FY26)
  • Total Income: ₹5,698.06 crore (vs ₹4,740.07 crore in H1 FY26)
  • Profit Before Tax (before exceptional items): ₹453.34 crore (vs ₹147.81 crore in H1 FY26)
  • Profit Before Tax (after exceptional items): ₹446.18 crore
  • Net Profit: ₹332.27 crore (vs ₹104.16 crore in H1 FY26)
  • EPS (Basic after exceptional items): ₹3.49 (vs ₹1.05 in H1 FY26)

Balance Sheet Highlights (as of September 30, 2026)

  • Total Assets: ₹11,040.70 crore (vs ₹10,455.06 crore as of March 31, 2026)
  • Total Equity: ₹5,084.94 crore (vs ₹4,977.95 crore as of March 31, 2026)
  • Cash & Cash Equivalents: ₹856.60 crore (vs ₹138.07 crore as of March 31, 2026)
  • Achieved net-cash position (compared to net debt of ₹775 crore in March 2026)
  • Cash Conversion Cycle: Improved to 44 days from 82 days in March 2026
  • ROCE: Improved to 12.7%

Exceptional Items

  • Impact due to flood in Vapi Plant: ₹7.16 crore recognized as exceptional item in Q2 FY27
  • Statutory impact of New Labour Code: ₹18.97 crore recognized in FY26 (no impact in current period)

Business Segment Performance (Q2 FY27)

Home Textiles Segment

  • Revenue: ₹2,689.02 crore
  • Segment Profit before interest, depreciation, etc.: ₹323.16 crore
  • Profit before exceptional items and tax: ₹207.92 crore

Flooring Segment

  • Revenue: ₹216.23 crore (19.3% YoY growth)
  • Segment Profit before interest, depreciation, etc.: ₹23.42 crore
  • Profit before exceptional items and tax: ₹1.87 crore
  • EBITDA Margin: 10.8%

Operational Highlights

  • Home textile exports grew 18.3% YoY
  • US pillow business grew 2.4x YoY, on track to double revenues in FY27
  • Domestic business delivered 28.2% YoY growth with Welspun brand growing 37%
  • Vapi operations restoration progressing, full restoration expected during the year
  • Anjar facility now operates on 100% green power

Corporate Actions

  • Share Buyback: Completed buyback of 1,44,00,000 equity shares at ₹175 per share for ₹252 crore
  • Record date: May 22, 2026
  • Tendering period: May 29 to June 4, 2026
  • Settlement completed: June 11, 2026
  • Equity share capital reduced by ₹1.44 crore
  • Stake Sale: Sold 51% stake in Welspun Captive Power Generation Limited (WCPGL) for ₹67.65 crore on July 31, 2026
  • Gain of ₹3.99 crore recognized in financial results
  • WCPGL became an associate from subsidiary

Subsidiaries and Associates

The consolidated results include 22 entities comprising subsidiaries and associates, with Welspun Captive Power Generation Limited transitioning from subsidiary to associate effective July 31, 2026.

Standalone Financial Performance (Extract)

  • Q2 FY27 Revenue: ₹2,163.43 crore
  • Q2 FY27 Net Profit: ₹108.67 crore
  • H1 FY27 Revenue: ₹4,246.51 crore
  • H1 FY27 Net Profit: ₹264.40 crore

Other Material Information

  • Employee Stock Options: 51,50,000 stock options granted under Welspun Living Employee Benefit Scheme-2022
  • Insurance Claim: Received ₹125 crore on-account payment for Vapi plant flood damages
  • Foreign Exchange Impact: Exchange loss of ₹4.17 crore in Q2 FY26 included in other expenses

Management Commentary

Ms. Dipali Goenka, MD & CEO, highlighted continued progress in driving profitable growth, achieving net-cash position, and significant improvement in cash conversion. The company remains focused on sustaining double-digit growth, maintaining margins in low teens, improving returns on capital, and generating strong cash flows.

Auditor's Review

SRBC & CO LLP conducted limited review and concluded that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.