Welspun Living's second-quarter revenue grew 12.3% year-on-year to reach ₹2,838.12 crore alongside an expanded EBITDA margin of 12.9%. The financial recovery was broad-based, with the Flooring division successfully turning profitable before tax during the quarter. Notably, these earnings milestones were delivered despite severe Vapi flooding that suppressed revenue by an estimated ₹100 crore to ₹150 crore. Upbeat brokerages such as JM Financial have set price targets as high as ₹275 on improving capacity utilization.
Key points
Brokerage targets moved upward with JM Financial projecting ₹275 and Nuvama Institutional…: Brokerage targets moved upward with JM Financial projecting ₹275 and Nuvama Institutional Equities setting a target of ₹256 per share.
Technical analysts identified strong trailing support around the ₹222 level with near-ter…: Technical analysts identified strong trailing support around the ₹222 level with near-term resistance located near ₹245.
The business demonstrated operational resilience by posting profit gains despite absorbin…: The business demonstrated operational resilience by posting profit gains despite absorbing up to ₹150 crore in flood-related revenue losses.
Sources checked by our analysis pipeline: 1
Welspun Living shares jumped over 10% on Monday, 2 November, after the home textiles major reported a multi-fold increase in its consolidated net profit for the September quarter of FY27.
The company posted a consolidated net profit of ₹169.66 crore in the July-September quarter, compared with ₹14.86 crore in the corresponding period last year, according to a regulatory filing.
Revenue from operations rose 12.3% year-on-year to ₹2,838.12 crore in Q2 FY27, from ₹2,440.91 crore a year earlier. Total expenses increased 8.42% to ₹2,636.77 crore.
Segment-wise, revenue from the Home Textiles business grew 15.82% year-on-year to ₹2,689.02 crore, while the Flooring segment reported a 19.3% increase to ₹216.23 crore.
The company's total income rose 16.86% to ₹2,869.90 crore during the quarter.
For the first half of FY27, Welspun Living's consolidated income from operations stood at ₹5,698 crore, marking a 20.21% year-on-year increase.
Commenting on the performance, Managing Director and CEO Dipali Goenka said the company delivered another quarter of robust growth, with revenue increasing 16.9% year-on-year and EBITDA margin expanding to 12.9%.
She attributed the broad-based growth to the resilience of…
Market participants in Tokyo experienced a downturn as selling pressure emerged before the session ended. The benchmark index faced headwinds that dragged overall valuations into negative territory by the final bell. The decline highlights persistent caution among traders navigating the regional equities landscape.
Strong commercial vehicle demand and reliable exports propelled the Kolkata-headquartered manufacturer back into profitability during the September quarter. Strategic diversification into non-ferrous components and railway infrastructure projects is expected to unlock high-margin opportunities across advanced industries. Investors are closely monitoring key technical thresholds that could signal continued upward price momentum.
Market authorities are attempting to reverse massive capital outflows that have depressed domestic equities and weighed heavily on the currency. By pitching tax relief ahead of the February federal budget, regulators aim to lower transaction burdens that currently exceed those of competing jurisdictions. These policy shifts could lift returns and restore competitiveness against emerging market peers.