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Textiles company Welspun Living announced Q1FY25 results:
- Total Income in Q1FY25 is Rs 25,885 million grew by 17% YoY
- EBITDA in Q1FY25 Rs 3,935 million @ 15.2% margin grew by 15% YoY
- Home Textile Exports Business grew by 19% YoY with EBITDA margin of 17.0%
- Innovation Sales grew by 13% YoY
- Flooring Business in Q1FY25 recorded revenue of Rs 2,278 million
- EBITDA of Flooring Business in Q1FY25 is Rs 210 million @ 9.2% margin
- Net Debt stood at Rs 15,620 million vs. Rs 18,153 million as on June’23 lower by Rs 2,533 million & vs. Rs 13,542 million as on Mar’24 increased by Rs 2,078 million
- Buyback of Rs 2,784 million approved by board at a price of Rs 220 per share
Dipali Goenka 4 Managing Director & CEO , Welspun Living, said: “We are happy to share that the company has continued to out perform strongly and has achieved revenues of Rs25,885 million in Q1FY25, growing at 17% YoY. This growth also comes with a sustainable EBITDA, which stood at Rs3,935 million with margin of 15.2%, growing 15% YoY.
Emerging business, which are the key pillars of our growth, continued their upward trajectory, with Domestic Retail continuing to be the leading home textile player in India and flooring business recording a revenue of Rs 2,278 million with highest EBITDA margin of 9.2% on the back of increased revenues and better operating leverage.
Welspun has remained at the forefront in its ESG practices with world and industry leading metrices. Welspun endeavours to keep ESG at the core of all its operations and has also joined Reuters VISION 2045 Campaign to drive sustainable change by making India the sustainable loom of the world."
FAQ’s on Welspun Living Ltd Shares
