For the third quarter that concluded in December 2024, Welspun Living Ltd, a key player in the homes and textiles industry, reported a 31 per cent decrease in consolidated net profit to US $ 148.2 million compared to US $ 215.6 million in the same period last year.
Compared to the equivalent quarter of the previous fiscal year, when the company’s revenue was US $ 29 million, its revenue for the current quarter was US $ 30 million. In the third quarter, Welspun’s total expenses were US $ 28.5 million, up from US $ 26.7 million during the same time last year.
In a statement addressing the results, B K Goenka, chairman of the Welspun Group, stated that Welspun Living is still dedicated to reinventing sustainable home solutions and positioning itself as the “FMCG of Textiles.” The company’s consolidated sales increased by 3 per cent in Q3 FY ’25, while exports of home textiles increased by 6 per cent.
With a 10 per cent rise in 9M FY ’25, the major growth pillars—international brands, local consumers, advanced textiles, and flooring—provided a competitive advantage. Despite inflation and frugal spending, the domestic consumer business gained 2 per cent year over year, while the “Welspun” brand expanded 8 per cent, solidifying its position as the industry leader in home textiles, he continued.
One of the biggest producers of home textiles worldwide, Welspun Living is a division of the Welspun Group and has a significant presence in the bed, bathroom and flooring sectors.
