Welspun Living Limited has informed the Exchange that Board of Directors at its meeting held on May 15, 2026, recommended Final Dividend of Re. 0.10 per equity share.
WELSPUNLIV · price
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Welspun Living's Board meeting on May 15, 2026 approved multiple items. The Board recommended a dividend of Rs. 0.10 per share (10% on face value of Re. 1) for FY26, subject to shareholder approval at the ensuing AGM. A share buyback of up to 1.44 crore equity shares at Rs. 175 per share, aggregating up to Rs. 252 crore (representing 1.50% of paid-up capital), was also approved through the tender offer route. The company posted Q4FY26 revenue of Rs. 2,451 crore with EBITDA of Rs. 265 crore (10.8% margin), and full-year FY26 revenue of Rs. 9,468 crore, down 11.5% YoY. Net profit after minorities for FY26 fell to Rs. 204 crore from Rs. 639 crore in FY25 (a 68% decline), citing US tariff disruptions and global demand headwinds. Net debt was sharply reduced by over 50% to Rs. 775 crore. Separately, the Board approved acquiring a 26% stake in CleanMax Dhyuthi Private Limited for Rs. 760 Lakhs from a promoter group entity, to source renewable energy for the Vapi factory. Key management changes include the resignation of Whole-time Director & COO Mr. Altaf Jiwani (effective May 31, 2026) and the appointment of Mr. Keyur Parekh (CEO - Global Business) as Whole-time Director (effective June 1, 2026).
The Rs. 252 crore buyback at Rs. 175 per share is a positive signal of cash generation and capital return, potentially supporting the stock near-term. The dividend of 10 paise per share is modest and unlikely to materially move the stock. The strong domestic consumer growth (up 29.2% YoY in Q4) and 52% debt reduction show operational recovery despite profit compression in FY26.