Welspun Living Q2: Net profit, revenue plunge further as US tariff bites into exports

Welspun Living on Wednesday, November 12, reported a sharp decline in earnings for the September quarter, as US tariffs eat into the company's profit, revenue, and margins. The textile major's net profit declined 93.5% year-on-year to ₹13 crore in the quarter ended September 30, from ₹201 crore a year ago. 

It reported ₹2,441 crore in revenue from operations, down 15% on a year-on-year (YoY) basis from ₹2,873 crore in the same quarter last year. Notably, revenue grew 15% on a sequential basis from ₹2,261

crore in the June quarter.

Earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 57% from last year to ₹153 crore, while EBITDA margin is down by 610 basis points to 6.3% from 12.4% a year earlier.

The company attributes the overall weak quarter to the 50% US tariff that came into effect on August 27. It worsened Welspun Living's last quarter slump when net profit and revenue declined 52% and 11%, respectively.

BK Goenka, Chairman, Welspun Group, said, “The global tariff situation continues to weigh on export performance, but we remain confident this is a passing phase. While near-term pressures are evident, we believe these disruptions are transitional and will ultimately accelerate the shift in global sourcing where India stands to emerge stronger."

As far as growth in the medium term in concerned, Goenka expressed confidence in strong macro momentum and rising consumption in the domestic market as well as the latest GST reforms.

On the export front, he said key trade agreements such as the India–UK FTA present a new market for expansion.

"Our focus remains on what we can control—driving cost discipline, deepening customer relationships, and scaling innovation. With our diversified portfolio and strong domestic foundation, Welspun Living is well-positioned to capture opportunities as markets stabilize,” Goenka added.

Shares of Welspun Living settled at ₹138.20 apiece on Wednesday.