Welspun Living Limited has informed the Exchange regarding Outcome of Board meeting held on February 12, 2026.
WELSPUNLIV · price
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On the reaction day the stock moved 2.2 pts more than Nifty Smallcap 250 and 1.4 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Welspun Living's Q3 FY26 results showed a sharp deterioration in profitability on a consolidated basis. Total income fell 9.9% YoY to ₹2,277 cr, while EBITDA dropped 45.2% to ₹175 cr with margins compressing 493 basis points to 7.7%. Profit after tax (after minority interest) collapsed 99.9% YoY to just ₹0.2 cr, and 9M FY26 PAT fell 80.2% to ₹101 cr. Both core segments struggled: Home Textiles revenue declined 4.7% with margins down 521 bps, and Flooring revenue fell 20.3% with margins down 613 bps. The board also approved redemption of 13,89,575 0% redeemable preference shares (at ₹1,000 each) of subsidiary Welspun Global Brands Limited, and recorded an exceptional charge of ₹18.97 cr for the new Labour Code. The company noted that the US textile tariff was reduced from 50% to 25% after the quarter-end, which should ease export headwinds. Net debt declined to ₹1,332 cr from ₹1,658 cr YoY.
The quarter was clearly weak on revenue and margins, with PAT nearly wiped out, which is likely to weigh negatively on the stock in the short term. However, the US tariff reduction, declining net debt, and balance sheet strengthening provide some medium-term relief for shareholders.