Welspun Living Ltd. (WLL), a global leader in home textiles and part of the US$ 3.6 billion Welspun Group, reported a significant decline in its quarterly results amidst challenging global trade conditions. The company also announced plans for expansion in the United States.

Financial Performance

For the first quarter:

• Total income decreased by 11.6% to ₹2,289.00 crore, compared to the same period last year.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) fell 35.4% to ₹254.00 crore, with margins at 11.1%.
• Net profit after minorities dropped 52.8% to ₹88.00 crore.

Segment Performance

• Home Textile segment revenue declined by 11.1% to ₹2,123.00 crore.
• Flooring segment revenue decreased by 15.1% to ₹194.00 crore.

US Expansion Plans

In a strategic move to strengthen its presence in the US market, Welspun Living announced:

• A capital expenditure of US $13 million for setting up a pillow manufacturing unit in Nevada, USA.
• The new facility will be operated by its subsidiary, Welspun USA Inc.
• Annual manufacturing capacity of 10.80 million pillows.
• Expected to be operational by January 2026.
• Projected additional revenue of approximately US $50 million at full capacity utilization.
• The project will be financed with 70% through term loans and 30% by the company.

Other Highlights

• Domestic Consumer Business grew by 9.5% year-over-year.
• Net Debt improved to ₹1,401.00 crore from ₹1,562.00 crore in the previous year.
• The company attributed the revenue decline to tariff overhang and global trade uncertainties.

Despite the challenging quarter, Welspun Living continues to focus on innovation, scaling emerging categories, and expanding its global footprint. The company remains optimistic about leading the next phase of growth through focused execution and customer-centricity.

Welspun Living , a prominent player in the home textiles industry, has announced a strategic move to broaden its product range in the domestic market. The company is set to acquire Drape Story, a specialized firm in the home furnishings sector, as revealed during a recent conference call update.

Acquisition Details

The acquisition of Drape Story marks a significant step for Welspun Living in diversifying its product offerings. Drape Story is known for its comprehensive range of home furnishing products, including:

• Curtains
• Clothing
• Sofas
• Chairs

This acquisition aligns with Welspun Living's strategy to strengthen its presence in the domestic home furnishings market and expand beyond its traditional product lines.

Strategic Implications

The move is expected to bring several benefits to Welspun Living:

Product Diversification

By incorporating Drape Story's product range, Welspun Living will be able to offer a more comprehensive suite of home furnishing solutions to its customers.

Market Expansion

The acquisition could potentially help Welspun Living tap into new customer segments and distribution channels that Drape Story has established.

Synergies

There may be opportunities for synergies in manufacturing, distribution, and marketing between Welspun Living's existing operations and Drape Story's business.

Domestic Market Focus

This acquisition underscores Welspun Living's commitment to strengthening its position in the Indian market, complementing its global presence.

While specific financial details of the acquisition were not disclosed in the conference call update, the move signals Welspun Living's proactive approach to growth and market expansion in the competitive home furnishings sector.

Investors and industry observers will likely be watching closely to see how this acquisition impacts Welspun Living's market position and financial performance in the coming quarters.