Business Update30 Jul 2025, 03:05 pm
Welspun Living Ltd. Approves $13M Capex for Pillow Factory in USA, Q1FY26 Revenue Down by 11.6% YoY
AI Summary
Welspun Living Ltd. (WLL) announced its Q1FY26 results, showing a decline in revenue due to tariff overhang. However, the domestic business remained resilient with the Welspun brand reaching deeper into households and the domestic flooring business gaining further traction. The company has approved a capital expenditure of US $13 million for setting up a pillow manufacturing unit in Nevada, USA. The unit will have a manufacturing capacity of 10.80 million pillows annually and is expected to generate an additional revenue of approximately US $50 million at full capacity utilization.
Key Highlights
- Q1FY26 revenue down by 11.6% YoY
- Domestic consumer business grew 9.5% YoY
- Net Debt stood at INR 1,401 crore
- Approval for setting up Pillow and TOB facility at Nevada, USA for US$ 13M
- EBITDA for Q1FY26 at INR 254 crore with a margin of 11.1%