Home textiles major Welspun Living Ltd reported a steep 93% decline in consolidated net profit to Rs. 14.86 crore (US $ 1.67 million) for the quarter ended 30th September 2025, as global tariff pressures continued to impact exports. The company had posted a consolidated net profit of Rs. 202.4 crore (US $ 22.82 million) in the same period last year, it said in a regulatory filing.
Consolidated revenue from operations for the second quarter stood at Rs. 2,440.91 crore (US $ 275 million), compared with Rs. 2,873.09 crore (US $ 313 million) in the year-ago period. The textile business contributed Rs. 2,322 crore (US $ 261 million), down 14.4%, while the flooring segment registered revenue of Rs. 181 crore (US $ 20.41 million), a decline of 27.4%.
BK Goenka, Chairman of the Welspun Group, said the global tariff environment continued to weigh on export performance but expressed confidence that the impact would be temporary. He stated that while near-term pressures were evident, the company believed the disruptions were transitional and would ultimately accelerate the shift in global sourcing — a shift from which India stood to benefit.
He added that India’s strong macroeconomic momentum, rising domestic consumption, and the recent GST rationalisation provided a robust foundation for medium-term growth. He further noted that progress on key trade negotiations, including the India–UK Free Trade Agreement, would open new avenues for expanding Welspun’s global reach and competitiveness.
The company also announced several management changes approved by its Board. Manish Bansal has been appointed President and Chief Financial Officer, effective 1st January 2026. Sanjay Verma will assume the role of President and Head, Manufacturing, effective 12th November 2025, while Ruchika Arora has been named President and CEO, Domestic Retail Business for Home Textile & Flooring, also effective 12th November 2025.
Meanwhile, Saumil Mehta has resigned as President of Domestic Home Textiles and as a member of the Senior Management Team, effective close of business hours on 31st December 2025, the company added.
