Welspun Living Ltd reported a 16.9% year-on-year (YoY) increase in revenue to Rs 2,870 crore (US $302.4 million) in Q2 FY27. EBITDA stood at Rs 370 crore (US $39 million), with the EBITDA margin expanding 600 basis points to 12.9% compared with the corresponding quarter last year. Profit after tax (PAT) increased 13-fold YoY to Rs 169 crore (US $17.8 million).
The company strengthened its balance sheet, moving to a net-cash position from net debt of Rs 775 crore (US $81.7 million) in March 2026. Its cash conversion cycle improved to 44 days from 82 days, while return on capital employed (ROCE) increased to 12.7%.
Home textile exports grew 18.3% during the quarter, while the domestic business recorded 28.2% growth. The company’s Welspun brand registered 37% YoY growth. Its US pillow business expanded 2.4 times, with both manufacturing facilities operational, and remains on track to double revenue in FY27.
The flooring business recorded 19.3% revenue growth, with its EBITDA margin improving to 10.8%. Meanwhile, restoration of the company’s Vapi operations is progressing, with full restoration expected during the year. Welspun also said its Anjar facility has transitioned to 100% green power as part of its sustainability initiatives.
“We delivered 16.9% revenue growth, expanded EBITDA margins to 12.9% and achieved a net-cash position, supported by a significant improvement in cash conversion,” said Dipali Goenka, Managing Director and CEO of Welspun Group.
The company aims to sustain double-digit growth, maintain EBITDA margins in the low teens, improve capital returns and generate stronger cash flows.
