Welspun Living Ltd. (WLL), a global leader in home textiles and part of the US$ 3.6 billion Welspun Group, has announced its Q1FY25 results, showcasing impressive growth and resilience.
Mr. B.K. Goenka, Chairman of Welspun Group, expressed his satisfaction with the company’s performance, noting a 17% year-over-year growth with sustainable EBITDA. “Despite the Red Sea issues and mixed global macroeconomic conditions, our exports have grown by 20% YoY, clearly out-performing the industry. All our emerging businesses, which are our pillars of growth, have shown promising results during the quarter. It is also heartening to see the flooring business continuing to show profitable growth with QoQ higher capacity utilization,” said Mr. Goenka.
The domestic consumer business has demonstrated resilience in the face of a challenging demand scenario in the Indian retail market, maintaining its position as a leading home solutions brand in India. Welspun has expanded its presence to over 21,000 stores and 39 exclusive brand outlets across the country.
Welspun remains committed to its Environment, Social & Governance (ESG) practices, leading the industry in sustainable operations. The company has joined the Reuters VISION 2045 campaign to drive sustainable change, aiming to make India the sustainable loom of the world.
Additionally, the Board has approved the investment of up to Rs. 30 crore in a Special Purpose Vehicle (SPV) for the Odisha project, as part of its strategy to explore new opportunities within India. In this regard, the acquisition of Welspun Home Textiles Limited (WHTL), a newly formed company with a nominal capital of Rs. 1 lakh, has been approved to participate in new projects being explored.
