Home textiles major Welspun Living reported a 31 per cent decline in consolidated net profit to Rs 123 crore ($14.2 million) in Q3, FY25 ending December 2024, compared to Rs 179 crore in the same quarter last year.
From Rs 2,411 crore in Q3, FY24, Welspun’s revenue increased to Rs 2,490 crore in Q3,FY25. The company’s expenses also heightened to Rs 2,369 crore, compared to Rs 2,214 crore in the same period a year ago.
According to BK Goenka, Chairman, Welspun Group, says, the company achieved a 3 per cent growth in consolidated revenue in Q3, FY25. Welspun Living remains committed to redefining home solutions sustainably while establishing itself as the 'FMCG of Textiles,’ he adds.
The company’s core growth areas including global brands, domestic consumers, advanced textiles, and flooring, grew by 10 per cent in 9M FY25, providing a competitive edge. The company’s domestic consumer business increased by 2 per cent Y-o-Y despite inflation and cautious spending, while the ‘Welspun’ brand reinforced its leadership position in hometexitles with a 8 per cent Y-o-Y growth, he adds.
A part of the Welspun Group, Welspun Living is among the world's largest home textile manufacturers, with a strong presence in the bed, bath, and flooring segments.
