Welspun Living Q4 FY25: Profit Falls, Dividend ₹1.70

Key takeaway from the quarter

Welspun Living reported a softer Q4 FY25 profit print even as revenue edged higher year-on-year, with profitability pressured by a sharp EBITDA drop and lower margins. The stock reacted immediately after the results, falling 6.60% to ₹137.95. The quarter also highlighted a mixed segment picture, with home textiles growing modestly while flooring revenue declined. Separately, the company reiterated its focus on capex, including investments towards its Anjar towel project. The board also recommended a dividend of ₹1.70 per share, with a record date set for 27 June 2025.

Q4 FY25 numbers: revenue up, profit down

For Q4 FY25, Welspun Living posted consolidated revenue of ₹2,645.90 crore, up 2.74% year-on-year. Consolidated net profit declined 9.71% to ₹131.82 crore compared with ₹146 crore in Q4 FY24. On a sequential basis, the company’s net profit was cited as up 9.1% over the prior three months. The reported revenue trajectory was also described as improving over the last two quarters, moving from ₹2,520 crore to ₹2,640 crore.

Operating performance weakened more visibly than the top line. EBITDA for Q4 FY25 fell to ₹318 crore from ₹400 crore in the corresponding quarter last year. As a result, the EBITDA margin narrowed to 12% from 15.3%. The margin compression was a key factor behind the market’s negative reaction, despite revenue growth.

Segment performance: home textiles steady, flooring weak

Welspun Living’s segmental trend in Q4 FY25 was uneven. The home textile division reported revenue of ₹2,452.56 crore, up 1.27% year-on-year. Flooring revenue, however, declined 8.05% to ₹195.76 crore. The segment mix matters because the quarter showed that revenue gains were not broad-based, even though the company maintained scale in its core home textile business.

The company has also described its footprint as global, with distribution across more than 60 countries and manufacturing facilities in India. In the management commentary shared with the results, tariff-related uncertainty was flagged as part of the operating backdrop.

Profitability snapshot: what changed

The quarter’s headline was the divergence between sales growth and profit performance. While consolidated revenue rose 2.74% year-on-year, EBITDA fell from ₹400 crore to ₹318 crore, pulling margins down to 12%. Net profit fell to ₹131.82 crore.

The broader set of quarterly metrics included net profit margin figures around 5% in Q4 FY25 (as presented in the quarterly table), which aligns with the reported profit decline. A separate quarterly note (June 2025 quarter) also showed revenue of ₹2,260.57 crore, operating profit of ₹71.35 crore, PBDT of ₹122.57 crore, and net profit of ₹87.55 crore, indicating that profitability can swing meaningfully quarter to quarter.

Debt, cash and leverage markers disclosed

Welspun Living disclosed net debt of ₹1,603 crore as of March 2024. This was higher by ₹248 crore year-on-year versus ₹1,354 crore in March 2023, but lower by ₹56 crore versus ₹1,658 crore in December 2024. This places the debt trend in a narrower band versus the prior quarter, even as year-on-year net debt increased.

The dataset also included cash flow and cash balance lines such as closing cash and cash equivalents of ₹176.88 crore, and a total debt to CFO metric of 1.33x (figures presented in ₹ crore). These datapoints help frame liquidity, though the quarter’s market focus stayed largely on operating margin compression.

FY25 performance and the ₹10,000 crore revenue milestone

For the full year FY25, Welspun Living reported net profit of ₹639.16 crore, down 6.15% year-on-year. Over the same period, net sales rose 8.94% to ₹10,545.09 crore.

Chairman B K Goenka said FY25 marked a milestone as the company crossed ₹10,000 crore in revenue. Consolidated revenues were also cited at ₹10,697 crore, reflecting 8.9% growth. The commentary further stated that home textile exports grew 10.8% during FY25 and that the domestic consumer business rose 5.1%. Emerging businesses were described as contributing around 30% of total revenues.

Capex updates: spending led by Anjar towel project

On investments, the company disclosed capex spend of ₹106 crore in Q4 FY25, mainly towards the towel project at Anjar. Total FY25 capex stood at ₹701 crore. Capex intensity is relevant for investors tracking near-term cash flows and execution risks, particularly in a period where operating margins have compressed.

Dividend: ₹1.70 per share, record date 27 June 2025

The board recommended a dividend of ₹1.70 per equity share for FY 2024-25, subject to shareholder approval at the upcoming AGM. The dividend is to be paid to shareholders holding shares as of the record date, 27 June 2025. The announcement came alongside the Q4 and FY25 results.

Market reaction and recent results trail

Following the results, shares of Welspun Living fell 6.60% to ₹137.95. The immediate trigger was the year-on-year decline in consolidated net profit and the sharp EBITDA and margin compression, even though revenue grew.

The company’s recent updates also listed consolidated net sales of ₹2,440.91 crore for September 2025, down 15.04% year-on-year, and consolidated net sales of ₹2,260.57 crore for June 2025, down 10.88% year-on-year.

Key numbers at a glance

Why the results matter

Welspun Living’s Q4 FY25 outcome showed that revenue growth alone did not translate into higher earnings, as the EBITDA decline and margin compression weighed on profitability. The segment split also underscored that growth was concentrated in home textiles, while flooring declined.

The FY25 milestone of crossing ₹10,000 crore in revenue provides scale context, but investors are likely to track how quickly margins stabilise, given the move from 15.3% to 12% EBITDA margin in the latest quarter. The capex disclosures and the Anjar towel project spending are also important, since expansion and efficiency initiatives can shape future profitability and cash flows.

Conclusion

Welspun Living ended Q4 FY25 with higher revenue but lower profit, alongside weaker EBITDA and narrower margins, and the stock fell 6.60% after the announcement. For FY25, net sales increased to ₹10,545.09 crore while net profit declined to ₹639.16 crore, with capex of ₹701 crore. The next key date for shareholders is 27 June 2025, the record date for the proposed ₹1.70 dividend, subject to AGM approval.