Welspun Living Ltd reports Q2 net profit of Rs 202 crore

Home textiles major Welspun Living Ltd reported a marginal increase in net profit to Rs 202 crore ($24 million) in the second quarter ended September 30, as against Rs 200 crore in the year-ago quarter.

The company’s revenue for the quarter rose by Rs 2,873 crore, as against Rs 2,509 crore in the corresponding quarter of the previous fiscal year.

Welspun’s total expenses during the quarter stood at Rs 2,656 crore, as compared to Rs 2,283 crore in the same quarter a year ago.

Commenting on the results, Dipali Goenka, managing director CEO of Welspun Living Ltd in a statement said, “It is with great pride that we share that the company has achieved its highest ever quarterly revenues in Q2FY25, with a growth of 15.5% in the quarter. Our ability to provide unique innovative solutions and unmatched quality to our consumers reinstates our position of being the FMCG of textiles.”

“We continue to have greater focus on the India market, which is a shining star in the current global economic scenario, with deeper penetration in retail segment through increased EBOs & MBOs, increasing our reach, thereby solidifying our leadership in Indian home textile market,” he added.

Welspun Living, a part of the Welspun Group is amongst the largest home textile manufacturers in the world with a strong presence in bed, bath & flooring segment.