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Welspun Living Q4, FY 2023-24 Results Shocked The Industry

• By  Textile Excellence
• April 26, 2024

Welspun living, the Indian home fashion behemoth announced its Q4, FY 2023-24 results that ended on March 2024. Company’s net sales moved up to Rs 2,055.78 crores in March 2024 quarter which is a 50.52% jump from Rs. 1,365.78 crores that was achieved during the corresponding period last year (in March 2023).

EBITDA stands at Rs. 287.82 crore in March 2024 up 49.17% from Rs. 192.95 crore in March 2023. Also, quarterly net profit also rose to Rs. 146.56 crore in March 2024 quarter growing a whopping 89.94% from Rs. 77.16 crore in March 2023.

Welspun Living has been a global leader in home textiles that focus on innovation, branding, and sustainability. It employs over 20,000 people worldwide and has a wide variety of home textile brands and product portfolio under bed, bath and flooring category. With the easing raw material cost and reviving demand for home textiles, Welspun is expected to perform even better in the current year.

Welspun Living's net sales moved up to Rs 2,055.78 crores in March 2024 quarter which is a 50.52% jump from Rs. 1,365.78 crores that was achieved during the corresponding period last year (in March 2023).