{"id":183106,"date":"2026-05-15T06:02:26","date_gmt":"2026-05-15T10:02:26","guid":{"rendered":"https:\/\/alphastreet.com\/india\/welspun-living-limited-welspunliv-q4-2026-earnings-call-transcript\/"},"modified":"2026-05-15T06:06:12","modified_gmt":"2026-05-15T10:06:12","slug":"welspun-living-limited-welspunliv-q4-2026-earnings-call-transcript","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/welspun-living-limited-welspunliv-q4-2026-earnings-call-transcript\/","title":{"rendered":"Welspun Living Limited (WELSPUNLIV) Q4 2026 Earnings Call Transcript"},"content":{"rendered":"

Note:<\/strong> This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon.<\/em><\/p>\n

Welspun Living Limited (NSE: WELSPUNLIV) Q4 2026 Earnings Call dated May. 15, 2026<\/span><\/strong><\/p>\n

Corporate Participants:<\/h2>\n

Bharti Agarwal<\/strong> \u2014 Investor Relations<\/em><\/p>\n

Dipali Goenka<\/strong> \u2014 Managing Director & Chief Executive Officer<\/em><\/p>\n

Manish Bansal<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Analysts:<\/h2>\n

Aradhana Jain<\/strong> \u2014 Analyst<\/em><\/p>\n

Prerna Jhunjhunwala<\/strong> \u2014 Analyst<\/em><\/p>\n

Shraddha Agarwal<\/strong> \u2014 Analyst<\/em><\/p>\n

Unidentified Participant<\/strong><\/p>\n

Rohit Ohri<\/strong> \u2014 Analyst<\/em><\/p>\n

Presentation:<\/h2>\n

Operator<\/strong><\/p>\n

Ladies and gentlemen, good day and welcome to the Wellspun Living 4Q FY26 post result earnings conference call hosted by 361 Capital Market. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference, please signal an operator by pressing Star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms.<\/p>\n

Aradna Jain from 361 Capital. Thank you. And over to you, ma’. Am.<\/p>\n

Aradhana Jain<\/strong> \u2014 Analyst<\/em><\/p>\n

Thank you, Darwin. Good afternoon everyone. On behalf of 361 Capital Markets, I welcome all participants and the management of Wealthborough Living to the 4Q FY26 con call. Without much ado, I’ll hand over the call to Ms. Bharti Agarwal, Head Investor Relations, Wellspring Living to introduce the management. Over to you, Bhartpi.<\/p>\n

Bharti Agarwal<\/strong> \u2014 Investor Relations<\/em><\/p>\n

Thank you Aradhana and good afternoon everyone. On behalf of wellspurn Living Limited, I would like to welcome you all to the full year and fourth quarter FY 2026 earnings call. Joining me on the call today are Ms. Deepali Goenka, Managing Director and CEO and Mr. Manish Bansal, Chief Financial Officer. We hope you’ve had the opportunity to review the earnings presentation which has been filed with the Exchanges today and is available on our website. During the course of today’s discussion, we will make references from this presentation.<\/p>\n

While there is no change in the disclosure, we have refreshed the presentation this quarter to better reflect the business narrative and strategic progress in a more intuitive manner. We will now begin with the opening remarks from the management, following which we will open the floor for a Q and A session. Should you have any additional questions after the call, please feel free to reach out to us. With that, I would now like to hand over the call to Ms. Deepali Goenka. Over to you, Ma’. Am.<\/p>\n

Dipali Goenka<\/strong> \u2014 Managing Director & Chief Executive Officer<\/em><\/p>\n

Thank you, Bharti. Good afternoon and thank you for joining us for Wellspring Living’s Q4 and full year FY26 earnings goal. FY26 navigated pronounced external disruptions, tariff volatility, geopolitical tensions and demand softness. With Q4 marking a decisive sequential inflection driven by sharper execution and strengthening business momentum. Revenues improved quarter on quarter, margins stepped up meaningfully, cash flows remained strong and execution momentum is clearly visible. Entering FY27 Q4 revenue grew 7.7% sequentially.<\/p>\n

Q4 EBITDA margin improved to 10.8% up 313bps quarter on quarter Full year free cash flow generation of 956 crores. Net debt reduced by 52% year on year to 775 crores. What changed this quarter is very important. Volumes stabilized with ease in US tariff uncertainty and emerging FTAs creating stronger market access. Cost actions taken through the year began to flow through strong growth momentum in our branded business, 44% year on year growth in wealth fund and 19% year on year growth in spaces.<\/p>\n

Management actions through FY26 were deliberate and disciplined. We protected customer relationships and focused on geographic diversification with our non US share expanding to 41%. We intensified cost discipline and optimized working capital delivering structural cost efficiencies. Our investments in innovation, sustainability and nearshore manufacturing continued and we ended the year on a positive note with the commencement of commercial production at a Nevada Greenfield pillow facility on 31st March 2026.<\/p>\n

As we look ahead, our operating guardrails for FY27 are clear driving profitable growth and margin recovery led by operating leverage and mix improvement, navigating global market dynamics and macroeconomic volatility with agility and sharp execution, continued balance sheet strengthening with strong working capital discipline. Q4 was about stabilization. FY27 will be about scaling profitably and responsibly. Turning to our performance highlights, FY26 was marked by sharp external volatility driven by US trade uncertainty and disruption from the West Asia conflict which pressured freight, energy and commodity costs across global supply chains.<\/p>\n

At the same time, a clear structural shift is underway with India strengthening its position as a preferred sourcing destination following progress on trade frameworks with the US, UK, Europe, Japan and Australia. The EU and UK together represents a home textile market of over USD 30 billion where FTA structurally enhance India’s competitiveness and create multi year growth opportunities beyond the U.S. Against this backdrop, our FY26 consolidated revenues stood at 9,468 crores, down 11.5% year on year to a period that I would characterize not as a reversal of a fundamental but as a year of external shock absorption.<\/p>\n

EBITDA margin for the full year stood at 9.1%, reflective of a deliberate choice to protect customer relationships, capacity and talent through an exceptionally difficult operating environment. The fourth quarter showed green shoots. Consolidated quarterly revenue grew 7.7% sequentially. EBITDA margins for the quarter stood at 10.8%, a meaningful sequential step up of 313bps, reflecting both operating discipline and the benefits of sustained cost optimization efforts. Our home textile business remained impacted by cautious retail buying and tariff uncertainty with FY26 revenues declining 11.2%.<\/p>\n

However, India remains a stable sourcing destination with 45% share in cotton terry towels and 60% share in cotton sheets as per Otexa. At the same time, we continue to focus on geographic diversification beyond the US with expansion in share to 41% in FY26 across Europe, UK, India and ROW. With emerging FTAs creating stronger market access and tariff competitiveness, a non US growth strategy becomes increasingly important in building a more balanced, resilient and future ready global portfolio.<\/p>\n

The pillow utility and fashion bedding remain high potential categories. Our Ohio pillow facility continues to ramp up well with utilization now at 60% and we doubled the business this year to USD $27.5 million from $15 million in FY25. We also partially commenced commercial production at our Nevada Pillow facility in March 2026, further strengthening our local manufacturing presence and long term play in US Lead ecosystem. Another key strategic priority is strengthening our branded and consumer based portfolio which contributed 19.3% of FY26 revenues and continues to improve the quality of growth.<\/p>\n

Our global brands accounted for 12% of our business and continue to deepen Shell’s presence across key international markets. Christie delivered 15% growth in FY26 driven by strong UK performance, improving US e commerce traction and sharper brand positioning and penetration. Our homegrown brand well home built around elevated comfort, design and value also scaled up meaningfully delivering USD 9.4 million in revenues. With strong traction across North America and expansion underway in Japan, the uk, China and Taiwan.<\/p>\n

Wellhome is well positioned for a double digit growth. We are also seeing strong momentum in our institutional business through our brand Vespun Hospitality with growing presence across marquee hospitality chains globally including Hyatt, IfG, Wyndham Hotels and Resorts and Marriott International. This channel strengthens our premium positioning, drives specification LED demand and creates a strong bridge between B2B sales and B2C brand visibility. In India. Our consumer brands Wellspun and Spaces delivered strong momentum, growing 44% and 19% Y&Y respectively in quarter four supported by stronger brand salience and sharper channel execution.<\/p>\n

Taken together, our branded portfolio is becoming a meaningful long term growth engine, improving margin resilience, stronger customer stickiness and a structurally superior business mix. India continues to be one of the structural growth stories for our business and a domestic consumer business remains a key strategic growth engine in Q4FY26. The business delivered an outstanding performance with revenue growing 29.2% Y&Y and achieving EBITDA breakeven for the quarter. For the full year domestic revenue stood at 657 crores, up 9% y and y reflecting improving scale, stronger execution, a healthier business mix and continued channel diversification.<\/p>\n

This momentum is being driven by strong performance of our Wellspring and Spaces brands. Our domestic flooring business also continued its strong trajectory growing 18% Y&Y for the full year with healthy contributions from housing, hospitality and institution demand. This growth is further supported by a focused engagement with architects, interior designers and project contractors helping us strengthen specification led demand. The broader India’s macros remain supportive. Easing retail inflation and rising urban and rural disposable incomes provides a compelling tailwind for a domestic business.<\/p>\n

We are investing ahead of this goal, deepening distribution, expanding our product range and strengthening our brand equity. Our global flooring business saw the sharpest impact from West Asia logistics disruption and US tariff headwinds through FY26 resulting in a 25.1% year on year revenue decline. Whilst near term performance has been pressured, the structural fundamentals of business remain intact. Our focus is on regional diversification across anz, Canada and the Middle east backed by strong customer partnerships with a meaningful recovery particularly in soft flooring expected over the coming year.<\/p>\n

Our advanced textiles business operated in a softer global demand environment during FY26 with revenues declining 20% y and wide to 452 crores primarily due to volume pressure and slower export offtake. At the same time we secured important wins through high value niche applications including sustainable hygiene solutions, femcare specialty wipes, protective apparel and insulation, reinforcing a strategic shift towards value added and differentiated categories. The medium term outlook for this business remains constructive with the UK and the eu.<\/p>\n

FC is materially strengthening our access to key European markets for technical textiles, specialty non wovens and wives segments where quality, compliance and sustainability are critical purchasing drivers. Sustainability and innovation continue to be two of WELSPAN’s living’s strongest competitive modes. In FY26 our sustainability leadership achieved strong global recognition with Velspan Living being ranked number one globally in the textile, apartment and luxury goods category in 2025 S&P global Corporate Sustainability Assessment with a score of 90.<\/p>\n

We have also initiated a supplier focus program step zero which aims to build a strong partnership with our suppliers who will play a key role in carbon mitigation in the entire value chain. Our global retailers increasingly making sourcing decisions based on ESG compliance with traceability and long term resilience, our sustainability leadership becomes increasingly important. We remain firmly on track towards FY30 commitments of 100% renewable energy and 100% sustainable cotton. Alongside this, our innovation portfolio such as Hydrocotton, GX pillow and Veltrac continue to support premiumization and customer stickiness, contributing 20% of our business.<\/p>\n

During the quarter we filed two new patents taking a total IP portfolio to 50 patents, further strengthening our long term depreciation and value creation. We enter FY27 with greater clarity and strengthened competitive position supported by structural tailwinds that are steadily coming into play. The benefits from FTAs are multi year and durable. The US retail environment is stabilizing though some near term overhang still persists and India’s domestic growth momentum continues to accelerate. Importantly, our operating model has has been stress tested and sharpened through a challenging cycle leaving us better prepared to capitalize on the next phase of growth.<\/p>\n

FY27 will be a year of measured volume recovery and margin progression and we expect to exit the year on a stronger growth trajectory targeting double digit growth. While structural tailwinds in the form of tariff easing are coming into play, the global macro environment remains uncertain with a continuously evolving geopolitical and trade landscape. Against this backdrop, our operating model has been rigorously stress tested and strengthened positioning us to deliver a sharper growth trajectory with double digit growth and EBITDA margins advancing into the team in FY27.<\/p>\n

With that I will hand over to Manish to take you through the detailed financial performance. Thank you,<\/p>\n

Manish Bansal<\/strong> \u2014 Chief Financial Officer<\/em><\/p>\n

Thank you Deepali and good afternoon everyone. Let me take you through the detailed financial performance for Q4, FY26 and full year. FY26 the quarter showed clear signs of sequential improvement across both revenue and profitability. Consolidate revenue improved by 7.7% over Q3 which indicate early signs of improving customer demand and better visibility. As tariff uncertainty started easy. Q4 EBITDA margin stood at 10.8%, improved by 313 basis points sequentially from 7.7% in Q3. This was supported by better utilization, improved product mix, cost rationalization and favorable forex realization.<\/p>\n

FY26 consolidated revenue stood 9,468 crores, a decline of 11.5% year on year reflecting the impact of US tariff headwind, cautious retailers buying and softened discretionary demand in our key export market especially during the first half of the year. Full year EBITDA margin stood at 9.1% compared to 13.6% last year. The margin dilution is primarily attributable to lower volume and tariff related realization impact as committed, we undertook focus action to strengthen governance and financial discipline and I’m pleased to share the outcomes.<\/p>\n

Tighter controls led to a reduction in debtors and inventory by 345 crores. Improved net working capital by 776 crore driving a significant improvement in free cash flow to 956 crore up 8.5x year on year. This enabled a sharp reduction in net debts to 775 crores down 52% from last year. Cash conversion cycle at 82 days improved meaningfully with versus last few years demonstrating stronger operating control across businesses. Total capex for FY26 stood at 472 crores. Focused on productivity improvement, sustainability and collective growth opportunities for FY27 we expect CapEx in the range of 400 to 500 crores largely towards modernization, automation and debottlenecking operations.<\/p>\n

We refer to Our intimation dated 07.30.2025 about Board Director’s approval for a capital expenditure of 13 million for setting up pillow manufacturing unit at Nevada. We are pleased to share that our Nevada pillow facility is in the US partially commenced commercially production of 4.5 million pieces from March 31, 2026. This strengthens our local manufacturing presence in US and support our long term growth strategy in the SLEEP solution category. Reflecting our continued focus on disciplined capital allocation and long term shareholder value creation.<\/p>\n

I am pleased to inform that board has approved buyback of equity shares of the company at price of Rupees 175 per share for an aggregated amount not exceeding to 252 crores and dividend recommendation at 10% per equity shares for the financial year 2026 subject to shareholders approval. We remain focused on improving margins, strengthening cash flows and maintaining capital discipline as demand gradually normalize. With that I will now leave the floor open for question and answers. Thank you very much.<\/p>\n

Questions and Answers:<\/h2>\n

Operator<\/strong><\/p>\n

Thank you very much. We will now begin the question and answer session. Anyone who wishes to ask a question may press STAR and one on their touch tone telephone. If you wish to remove yourself from the question queue, you may press STAR and two participants are requested to please use handsets while asking a question. Ladies and gentlemen, we will now wait for a moment while the question queue assembles. Our first question comes from the line of Prerna Junjunwala from Elara Securities. Please go ahead.<\/p>\n

Prerna Jhunjhunwala<\/strong><\/p>\n

Thank you. And a good improvement on a quarter on quarter basis. Wanted to understand the tariff situation. Now that you know there are various talks about tariff refunds and Lower tariffs to continue and stuff. So what are your readings on tariff going ahead and how should we assume the utilization levels improving for you for FY27 and moving forward?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Prena, thank you for your question. First of all, I think let me just set the clarity on the tariffs, how it actually evolved. It started from March 10% and then it moved to 25% and then 28 August onwards it moved to 50% and then the next February it came back to 10% and now this whole thing of the tariff refund that is coming through. So there’s a conversation that’s happening. But I want to just give you a scenario here. Our more than 80% of our business is FOB and where we basically have to work with the customers on the tariff refund and the other the rest of it.<\/p>\n

Also there’s conversation that is happening and so we let you know when the clarity gets better there. Now when you talk about the utilization as we spoke about our numbers that you know the growth that we’re talking about, we definitely are seeing a utilization getting better in towers and sheets and even in Bathrox the utilization will be above more than 86% across all the three categories as we go forward. So yes, things that may look better because even in the toughest times of sadif we didn’t lose any customer.<\/p>\n

The conversations we worked on partnerships and strategies.<\/p>\n

Prerna Jhunjhunwala<\/strong><\/p>\n

That’s very encouraging that 86% reversal to 86% in FY26. How do we see margins in light of increasing cotton prices? Are we getting price hikes from customers or tariff refunds actually play as a cushion for next year? Just wanted some clarity on that. Also given cotton prices have increased sharply in the last two months.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So it is not just cotton, I think let me also tell you the cotton prices have gone up by 10%, the man made fibers have gone up by more than 20% and the crude by 40%. So overall it all strictly impacts the whole commodity cost that we lead. However, we’ll work on our. As we spoke about this year also we did a lot of governance, cost controls that will play a very big role. And whenever these kind of things happen and even in the tariff situation that we had, we talked about a 50, 50% sharing. So here also conversations are happening with the customers and wherever it is needed we will discuss how the prices will have to be passed.<\/p>\n

Prerna<\/p>\n

Prerna Jhunjhunwala<\/strong><\/p>\n

Ma’, am, can we assume some, do you think that there will be some margin pressure continuing at least in the first half given the pressure on. Given these cost escalations or a regular improvement in margins is doable given tariffs are not there.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So as I spoke about a double digit growth in the top line and also kind of a teen, you know, a kind of EBITDA margin. I think that’s what will sum up everything, Prerna, at the moment, because that lot of factors in terms of everything that will contribute to that. Right,<\/p>\n

Prerna Jhunjhunwala<\/strong><\/p>\n

Understood, ma’. Am. And last question is on flooring business. How do we see traction over there and where do we see the segment moving ahead in next two years?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So here, Prerna, just give, you know, I think the most vulnerable business to the whole, you know, Middle east and the others has been flooring. But I must tell you, there has been, you know, soft flooring has seen an upside and you know, it has, you know, positive margins potential, 20% plus and a KEGA potential growth. It is all owing to the commercial segment traction in US Co branded carpet tile collections and also our diversification in Australia and New Zealand. So the soft flooring is something that we definitely see an upside there.<\/p>\n

And a lot of opportunities are there in terms of innovation and focus and the domestic flooring where the businesses are growing, all the commercial opportunities that we see, the architects and the interior designers. So definitely here the growth is coming up to 30% and we’ll continue to grow this even better. So the soft flooring and the domestic flooring definitely ceases. And when we talk about the hard flooring, we are rationalizing the portfolio and we’re protecting our margins. Lots of work has been done here and we will look at that, how we grow prudently in terms of margins.<\/p>\n

And also the top line,<\/p>\n

Prerna Jhunjhunwala<\/strong><\/p>\n

Ma’, am, on flooring, what are the kind of opportunities with FDA driven countries? Because you mentioned about us in this entire response. But it would be great if we could understand what could be the opportunity in uk, Europe eventually that could support this or accelerate this growth going forward.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So you know, Perna, as I spoke about Australia, New Zealand, Middle East, Europe, these all will open up in a big way. As you also know that a landscape of our hospitality and the commercial in America that we have penetrated the same way we are penetrating into the commercial and the hospitality space in UK and Europe. So that will also add on to our FTAs. You know, FTA will add on to the upside here in the terms of flooring.<\/p>\n

Prerna Jhunjhunwala<\/strong><\/p>\n

Okay, ma’, am, thank you. And all the best.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Thank you. Thank you. Prenup. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question is from the line of Shraddha Agrawal from Asian Market Securities Please go ahead.<\/p>\n

Shraddha Agarwal<\/strong><\/p>\n

Yeah. Hi. Congratulations Deepali, on a good quarter and also appreciate the confidence you are giving for FY27. So just had two questions. One is given the rising inflation in the US, how do you see that impacting retail demand in 27 and against that backdrop, what gives us confidence of improvement in utilization levels to 87% plus, don’t you think that increasing inflation will have some impact on consumer demand?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Shraddha, very good question. First of all, yes, inflation could be up in America. However the retail demand is still very robust. So we see that kind of strong buy in America. But I think in the conversation that we spoke about we have, you know, our non US markets have also contributing around 41% of our top line. So now with the FTA as we see UK opening up by June end, the UK FTA happens by June end. So I think the second quarter we’ll see that happening, Europe will happen in January. So we will definitely see the upsides of these kind of businesses as well apart from the other rest of the world countries that we’re looking at.<\/p>\n

So to your question, US is the world’s biggest consumption economy and even where we are looking at the inflation, we will still see the growth there comparatively even to the last year.<\/p>\n

Shraddha Agarwal<\/strong><\/p>\n

Right. And the second question is again on macros. So with rupee USD levels, so USD rupees now at 96. So are clients pressing us to pass on the rupee depreciation benefits or is there any change to our contractual terms with clients or is there any change in hedging policy? And what is our current hedge cover and how should we look at hedging gains or loss assuming the current spot rate of 96 to continue into 27.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So Shraddha, we don’t work on our whole policies remain constant for years and they remain there. Now let me tell you, when you talk about the cost, I will say currency is at 9.6% but if you look at the others, crude oil is at 40% up. Cotton is at 10%, yarn terry towel is up 20, 30%, yarn bedsheet is up 20, 30%. The dyes and chemicals up 20%. The man made fibers and the polymers are up 20%. So then you are setting off that cost. So customers totally understand that we completely are talking with them in close conversation around what is the kind of net delta that we’re looking at.<\/p>\n

So there’s no net delta gain even with a rupee where it is. So we are working and we work on, you know, how we can look at sharing the costs as well.<\/p>\n

Shraddha Agarwal<\/strong><\/p>\n

Right. And secondly in terms of utilization for our utility bedding plant in US so I think the first plant is already operating at 60% utilization. So how should we look at the cadence of utilization improvement for the first plant and the partial beginning of ramp up of the second plant? So how should we look at the ramp up there?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So first of all let me just give you two scenarios. When we talk about both the pillow plants. They are one is in the midwest, one is in Ohio, the other is on the west coast. And these are bulky products so they will need, you know, they have to be closer to the DCs and the warehousing of our customers. So they, they both will have the demands accordingly. But Ohio is at 60% which will definitely ramp up ahead. And also with Nevada along with man made filling that we’re going to do, we also going to do natural fiber.<\/p>\n

So that will also add on a category and kind of an upside on our UVR also.<\/p>\n

Shraddha Agarwal<\/strong><\/p>\n

Right. But what is the kind of potential revenue expected from the Nevada facility in 2017?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

They literally will double. So see I’ll tell you, this year we did around $27 million. Next year we tend to double and we’re talking about $60 million. So that’s the kind of, you know, kind of a visibility that we are seeing for the next year.<\/p>\n

Shraddha Agarwal<\/strong><\/p>\n

Got it? Sure. Thanks Deepali and wish you all the best. Thank you.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Thank you. Sh. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question is from the line of Anand S from Avendus Spark. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Hey. Hi ma’. Am. Thanks for taking my question. Just wanted to understand a bit on the medium term revenue aspirations that we had in terms of let’s say a 15,000 crore kind of a number. I understand. While the prospects in between have changed, how are we looking at that number currently? That is one in terms of which segment we are looking to drive the growth or let’s say in the next couple of years. That’s my second question and possibly one other. In terms of what’s the peak revenue potential that we have in our existing capacities and what’s the capex that we need to achieve that 15,000 crores kind of a number.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So first of all when you talked about 15,000 crores owing to the current, we look at next three years that we will achieve these numbers and in the current optimized capacity that we’re looking at we can move up to around 11,500 to 12,000. That’s where we are looking at it. And when we talk about the growth I think, let me tell you, we are the leaders in bath category across and now present in more than 50 countries. We would take this and with the FT opportunity we want to see our towels across and that’s a great opportunity of growth that we’re looking at our sleep sequential system that we have created for pillows which actually is as big category as towels.<\/p>\n

We’ll again see kind of an upside there. So these are important categories. Apart from that, the other growth will come in from our brands and I think India is at an inflection point. I know right now the per capita consumption where it looks like, but I think as we go forward we definitely will see an upside here. Our target towards 1000 crores is absolutely spot on here. We will see that growth happening here along with our brand Wellhome and Christie which is a premium UK brand which actually is growing and has having a good robust footprint.<\/p>\n

We’ll see a good traction in brands as well. So this is where we are seeing our next footprint happening.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

That’s helpful, ma’. Am. Thank you.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question is from the line of Shweta Sharma from Arihant Capital. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Thank you so much for the opportunity. I hope I’m audible.<\/p>\n

Prerna Jhunjhunwala<\/strong><\/p>\n

Yeah, sure.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah. So ma’, am, we saw a domestic consumer business and impressive growth in Q4. So the while the global remains mixed. So are you seeing sign of restocking from a major US and Europe retailers for the upcoming holiday season or is the is the current demand still primarily driven by replacement cycle rather than expansionary inventory building?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

See, I’ll tell you one thing, we are looking at kind of reasonable growth next year and as I spoke about in my speech as well, that our top line will grow by a double digit. And that’s what we are maintaining across the globe. Indian market will again grow at a rate of around 26 to 30%. So that’s what we also maintaining. So we will see this kind of a growth coming in from whether it’s United States of America or UK Europe. And I think the FTAs where you will see most of the FTA is opening up. UK as I spoke about is already right around the corner.<\/p>\n

Europe by January end I think and more and more and more FDA is opening up could be a great opportunity for us as well.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, so with the new FTA is in place, what’s the strategy for soft flooring in the UK and Europe? And do you expect this segment to achieve margin parity with the core home textile business by the end of FY27.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So you know both businesses are very different. However we definitely will have an advantage with the FTAs opening up in UK, Europe. We already are working with Middle East, Australia, New Zealand. So yes, we definitely will have that upside. The margin parity is round about the same.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. And some like India and US Trade Agreement reducing tariff from 50 to 80% in fab. So how much this benefit is being retained as margin expansion compared to passed on to retailers to regain the market share lost during the high tariff period.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So you know we didn’t lose any market share. First of all we retained each and every customer. So that is something that is there. And I think it moved from 50% to 10% and now the BTA is having whether it will be 15 or 18 that conversation is happening but always it is a conversation with the customers as partnership. So it’s going to be definitely a 5050 and that’s the conversation we’ve already been having with our customers on.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, okay. Thank you so much. That’s all from my side. Thank you.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Thank you. Thank you so much.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question is from the line of aradna Jain from 361 Capital. Please go ahead.<\/p>\n

Aradhana Jain<\/strong><\/p>\n

Hi. Thank you for the opportunity and congratulations on the good set of numbers. Just couple of questions from my end. One to continue with the previous participants question on the US tariff side we are at 10% today. The section 122 is applicable I guess till June end. After that you’re saying maybe we go to 15 or 18 and there’s also section 301 which has been initiated on a lot of countries including India, India and say if that also gets concluded because of all of this uncertainty, have we seen any meaningful change in the ordering behavior from say the larger retailers over the last two, three months and you know, and the tariff related discussions globally.<\/p>\n

That’s my first question.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

No. So first of all this year till July 24th is our 10% that we’re talking about and the conversation still happening with the governments regarding the bta. That is happening. So one thing is that we are in close conversation with our customers practically every day in America since our team is already there on the ground and we are not seeing any kind of disruption there. So that way I think we are pretty okay with that. Anything else? In fact I know as I spoke about a utilization also our utilization is around 86% and above.<\/p>\n

So this also is contributing to that factor of utilization increase.<\/p>\n

Aradhana Jain<\/strong><\/p>\n

Understood. And second is there was already a discussion on the cotton and yarn price increase. But ultimately we as a downstream player we’ll have to either, you know, take the hit by ourselves or pass it on. But is the industry currently able to pass on the raw material inflation smoothly or does the weak global demand backdrop limit the sort of pricing power?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So there are conversations that will happen with customers and there is definitely that opportunity that we will work together to share the load and that is something that we are looking at with our customers that will have to be shared and the conversations are on accordingly.<\/p>\n

Aradhana Jain<\/strong><\/p>\n

Understood. And lastly, any guidance on the EBITDA margin side by when do we expect to get closer or back to the 14, 15% kind of range at the EBITDA level?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Despite the macro factors that you are seeing today and you know that, you know how tough these are, we are looking at a double digit growth and a kind of a teen ebitda, you know, in our next year plan. So that actually speaks it all.<\/p>\n

Aradhana Jain<\/strong><\/p>\n

Understood. Thank you so much.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Thank you. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question is from the line of Shirish Paradeshi from Motila Loswal. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah. Hi, good afternoon. Thank you for the opportunity. On the slide 10 I’m reading global B2B and others is contributing 52% of the business and yoy it has declined about 12%. So two questions. Have we lost any customer here or it’s a linear decline because they are sitting in US and everybody has declined in terms of their ordering.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

No, there’s no loss of any customer. It is the kind of the demand decrease because there was uncertainty. Right. Once the tariff was 10%, another 25 then India becomes a 50%. Right. So hence you know there was this uncertainty flavor that was said which actually was, you know there was a lot of communication that happened with the customers and that’s where it is. So there’s no loss because of any customer losses.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. So when you look at the past 12 months and next 12 months forward, this 4400 crore business will see what legs, what run speed for FY27.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

We actually are looking at, you know, when you’re looking at a double digit growth here and I spoke about it earlier as well and we are also not just seeing the America market grow. And as I spoke about UK Europe contributing around 41% this quarter which will also be an opportunity because the FTA is like UK will happen in June end and Europe will happen in January. And I think that’s, that’s something that we are seeing as a potential opportunity as well.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

I heard that Deepali, but the question here is that you have Ohio and Nevada coming up and scaling up. So what is the US growth? You are<\/p>\n

Dipali Goenka<\/strong><\/p>\n

No US will be primarily contributing to the growth and pillows is already as I spoke about this year we clocked around $27 million. We are going to clock double 60 million actually literally next year on our pillows. So Ohio and Nevada will contribute to that and USA definitely is going to be a very big one in the contribution of a growth of a double digit growth as we see at Dulcman Living Limited on B2B Global.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, given the RM challenges and tariff situation, what is the margin we would be doing? I mean I don’t know whether you share that in 26 but this 52% business, I would assume that would have a better margin of about 5 and 6%. I don’t know whether it is right or wrong. Correct me no. But how does this pan out in FY27?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So see we don’t. The thing is as I spoke about, we’ll have a double digit growth and a teen EBITDA. So that at least speaks it all. And we are not 5 to 7%. We, we should do better, honestly.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay. And last question on the flooring business which is about 700 crore B2B and branded. Yeah,<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Yeah.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

I mean this business to my best understanding has a lot of momentum and we also have a capability. But somehow this business has not been able to scale up. I don’t know what is your expectation but it has not done well over last two, three years. So next two, three years if we build this number, what kind of business we can see that,<\/p>\n

Dipali Goenka<\/strong><\/p>\n

You know flooring, thousand crore is kind of a number we are talking about right now. And we are talking about soft flooring completely growing. And I think that’s where we’ll see a great opportunity because there’s a potential even with the FTA that are opening up only the hard solaring bit which we have, which is a very small part of it, which is we are controlling very prudently and also looking at kind of a margin control there as well. So we are good to go on the soft flooring. And with the FTA is opening up in UK and also in the Middle east and Australia, New Zealand and also the India market as I spoke about has grown 30% and we also anticipate it to grow next year at 30% is a good opportunity here.<\/p>\n

And you are right, flooring has seen the biggest impact due to the macroeconomics more than anything else.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay, and this last question, if I could squeeze in this 252crore buyback. How one should look at the capital allocation because we also have a debt about 700 odd crore. So next two, three years. Is there any guidance you can give how we should be looking these numbers?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Sure. Manish.<\/p>\n

Manish Bansal<\/strong><\/p>\n

Yeah. Hi Manish here. So thank you for the question. So basically as I mentioned this is coming out from our cash. So you know in this year we have done well in terms of our cash flow managed working capital management and we will continue to do that. So we are looking in ideal world next year debt free company, net debt zero company unless we plan any additional capex or any spatial requirement. But otherwise if all goes well that we will be net debt zero company next.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

All right, thank you Manish and all the best.<\/p>\n

Manish Bansal<\/strong><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question is from the line of Ronak Shah with Equis Securities. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah, thanks for the opportunity. So my question is regarding the advanced textile segment. So though it is a relatively smaller segment in our, in our overall piece but how you are seeing the growth rates and the opportunity in this business considering there are so much noise into the street regarding this<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Advanced textile. You know we are actually moving to from the commodities product to value added offerings. We primarily focus on consumer segment here and we are going to look at kind of EBITDA steady state of around more than around 20% here. And our focus segments will be home tech, medtech and pro tech and Indutech. And of course right now in 2026 we secured strong wins across sustainable diaper, femcare, specialty wipes, protective apparel and jacket insulation. So I can just sum it up by saying that Advanced XL will be focused on innovation led positioning.<\/p>\n

As you know the company also has 50 plus patents. There’s a lot of strong product development happening here as well.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Understood, understood. And my second question is regarding in case companies coming up with any sort of M and A opportunity, what will be the space you will be key focusing on?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So that’s something we will have to be seen because as you have literally seen that are opportunities also in the brands that we are working in globally. I mean our own brands that we have, we have opportunities for, you know growth in different countries. So let’s see, these are all open ended and we are open to those opportunities actually.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Understood, Understood. That’s it from my side. Thank you.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Thank you so much.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Ladies and gentlemen, if you wish to ask questions you may please press star and one. Our next question is from the line of Jaishim Gitani with the JFK Finserve. Please go Ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah. Hi ma’. Am. Good set of numbers comparing the previous quarters. So one question that I wanted to ask that I think on the last con call you had talked about entering the. The GCC region as well or I think you’re already operating there.<\/p>\n

Prerna Jhunjhunwala<\/strong><\/p>\n

Yes.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah. So due to this war impact, how much of the business impact do we see over there and in general the. Due to the straight of hormones closer. So what is the other impact that we are seeing?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

ACC actually is 2% of our revenues. So. And most of the businesses are fob. So here, you know it actually is something we’ll wait and watch till this whole clears up. So the impact on our business is very, very minimal.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

And so what about the export that we’re doing from to the other countries? So will that be impacted due to the closure of the state?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

No. If you remember we also had the Red Sea issue and you know the whole there’s always been that thing of Cape of Good Hope. So it goes around the Cape of Good hopes. It takes 15 to 20 days and I think the whole trade and commerce has been working accordingly for the long time as well. So. So I think we all used to that now. So that’s what will continue here.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

All right. Okay. Okay. And one more question. What I wanted to ask is so about the. The facilities that we have in USA<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

So are we planning to you know, expand aggressively or the guidance that you give that is what you’re planning as of now.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

See right now the opportunities that we are, you know we have these two own organic facilities that we have put up which are absolutely state of art. Ohio and now Nevada which commissioned on 31st March. We are going to look at it. Plus we have lot of partnerships there whom we are working with there not only in US but also in Canada. So we are looking at it and it’s not only in retail but also in hospitality. So we are very focused in what we are doing. As I said we did $27.5 million this year.<\/p>\n

We’ll be doing. We’re doubling it to 60 million next year. So that’s where. And we’ll continue to grow this. Our goal will continue to be adding value added products and better and best category more than anything else and focus on sleep as a category which will not only be pillows but also the utility bedding.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Perfect, ma’. Am. Thank you. I’ll get done. Thank you. And all the best to you.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Thank you so much.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question is from the line of Hemant Shah with INAM Asset Management company. Please go ahead.<\/p>\n

Rohit Ohri<\/strong><\/p>\n

Thank you for the opportunity. Two questions on the domestic business. This quarter saw a robust growth. So what has led to the growth in both the B2B and branded business? And second is for FY27 on the domestic online business. Do you see growth coming from that business as well or would it be the offline business that will help grow the branded domestic business?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So India actually, it continues to be the bright spot for us in the global economy that we are talking about. Both brands like spaces actually grew 19% in fourth quarter and wellspun grew 44% in the fourth quarter. And so we are absolutely focused. The channels are very, very different here. One is your general trade, the other is your modern trade, the other is your regional trade and the other is your commercial and hospitality chains that we have. And this is all offline. When you talked about E commerce, I think the focus is on quick commerce and also in E commerce to that extent.<\/p>\n

But I think India is a very mixed market. And finally the mom and pop stores really rule the roost here. So we’ll be focused on, you know, the offline and online as the opportunities come in. And we will have our own, we also have our own D2C, you know, so brand branded exposure. So we are working on that as well.<\/p>\n

Rohit Ohri<\/strong><\/p>\n

And on the domestic B2B side,<\/p>\n

Dipali Goenka<\/strong><\/p>\n

The B2B, all hospitality, we are working on the hospitality chains. And as you know, we are present globally. We have great partnerships in United States of America, uk, Europe, and those are the brands also that are coming in here. So that is again a very good opportunity for us. The religious tourism which is growing at a rate of 20% is again a very good opportunity for us. And so the B2B is again going to be a very important aspect. And so that’s what it will be. It’s a brand that’s a B2C and your B2B and D2C.<\/p>\n

Rohit Ohri<\/strong><\/p>\n

Thank you. That’s it for my segment.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question is from the line of Prerna Junjunwala from Elara Securities. Please go ahead.<\/p>\n

Prerna Jhunjhunwala<\/strong><\/p>\n

Hi. Thank you for the opportunity. Wanted to check on cotton inventory. How many months of cotton inventory do we have?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So we have an inventory cover till October and so we are covered primarily till October and we’ll continue to buy yarn when we require a little bit here and there. So till the next season comes, that’s what we have.<\/p>\n

Prerna Jhunjhunwala<\/strong><\/p>\n

Okay. And what is our hedge position today? Are we maintaining at 65, 35 ratio or we’ve changed?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

No, no, no. Prerna that’s what we maintain as a group at Wealth Fund World and we maintain that across all our companies. Group companies.<\/p>\n

Prerna Jhunjhunwala<\/strong><\/p>\n

Understood. Thank you.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Thank you. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Our next question comes from the line of Rohit Ori with Progressive shares. Please go ahead.<\/p>\n

Rohit Ohri<\/strong><\/p>\n

Hi Deepali. Two questions. First one of this total turnover that we have, how much percentage or what value would you give to premiumization?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So if we talk about it, you know 22% of our contribution comes in from innovation and as you saw our brands also grow. That again is important. Our branded business was around 19%. So definitely that’s again a good opportunity for us. So these are important aspects of what we are looking at. Our growth that is coming in<\/p>\n

Rohit Ohri<\/strong><\/p>\n

On the roce. Do you have any guidance to share with us for the next three years or so?<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So you know ROC will continue to improve. This year, you know, has been a challenge one and I know it was but you know we’ll come back to where we were and in fact better it as we go forward and that is something that we are seeing and we’re very positive about it.<\/p>\n

Rohit Ohri<\/strong><\/p>\n

And that growth would be<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Around more than 15%.<\/p>\n

Rohit Ohri<\/strong><\/p>\n

Okay, but that’s going to be asset heavy or asset light.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Abhi. Asset light right now.<\/p>\n

Rohit Ohri<\/strong><\/p>\n

Okay. Okay. Those are the two questions. Thank you for answering my questions.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. We have no further questions. Ladies and gentlemen, I would now like to hand the conference over to the management for closing comments.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

So thank you. Darwin. FY26 was a year that tested our resilience. We chose to protect what matters most, our people, our customer relationships, our capacity and our brand equity through a difficult cycle. That was the right choice. And the early green shoots in Q4 FY26 validate that view. While the global macro environment remains fluid and near term uncertainties persistent, the structural outlook is turning more positive. India’s evolving FTA architecture creates a strong long term advantage while the West Asia situation remains uncertain and requires close monitoring.<\/p>\n

At the same time, India’s domestic consumption momentum continues to strengthen. At Wellspan living we enter FY27 with the balance sheet strength, operational discipline, brand equity and customer relationships to emerge as a stronger, more valuable business. We are not just managing through this moment, we are positioning to lead the next chapter. Thank you for your continued trust and confidence in Wealthman Living. We look forward to a constructive conversation. For any further queries, please feel free to connect with the investor relations team.<\/p>\n

Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you on behalf of 361 Capital Market. That concludes this conference. Thank you all for joining us. You may now disconnect your lines.<\/p>\n

Dipali Goenka<\/strong><\/p>\n

Thank you.<\/p>\n","protected":false},"excerpt":{"rendered":"

Note: This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon. Welspun Living Limited (NSE: WELSPUNLIV) Q4 2026 Earnings Call dated May. 15, 2026 Corporate Participants: Bharti Agarwal \u2014 Investor Relations Dipali Goenka \u2014 Managing Director & Chief Executive Officer Manish Bansal \u2014 Chief Financial Officer […]<\/p>\n","protected":false},"author":2377,"featured_media":147581,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6349],"tags":[10169,9175,9104,9092,14492,10089],"class_list":["post-183106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transcripts","tag-earnings","tag-earnings-call","tag-earnings-conference","tag-earnings-transcripts","tag-financial-results","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":109778,"url":"https:\/\/alphastreet.com\/india\/infosys-limited-infy-q4-2021-earnings-call\/","url_meta":{"origin":183106,"position":0},"title":"Infosys Limited (INFY) Q4 2021 Earnings Call","author":"Sahil Anand","date":"April 21, 2021","format":false,"excerpt":"Infosys Limited (NYSE: INFY) Q4 2021 earnings call dated\u00a0Apr. 14, 2021 Corporate Participants: Sandeep Mahindroo\u00a0\u2014\u00a0Vice President, Financial Controller & Head \u2013 Investor Relations Salil Parekh\u00a0\u2014\u00a0Chief Executive Officer and Managing Director Pravin Rao\u00a0\u2014\u00a0Chief Operating Officer and Whole-time Director Nilanjan Roy\u00a0\u2014\u00a0Chief Financial Officer Analysts: Ankur Rudra\u00a0\u2014\u00a0JPMorgan \u2014 Analyst Diviya Nagarajan\u00a0\u2014\u00a0UBS \u2014 Analyst\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":170781,"url":"https:\/\/alphastreet.com\/india\/welspun-enterprises-q1-fy26-earnings-results\/","url_meta":{"origin":183106,"position":1},"title":"Welspun Enterprises Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 29, 2025","format":false,"excerpt":"Welspun Enterprises Limited (WEL) , formerly known as Welspun Projects Ltd., is a part of the USD 2.7 billion Welspun Group. 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Presenting below are its Q1 FY26 earnings results. \u00a0 Q1 FY26 Earnings Results Consolidated Revenue: \u20b9845\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Welspun Enterprises Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-19.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-19.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-19.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-19.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-19.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-19.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":130756,"url":"https:\/\/alphastreet.com\/india\/united-spirits-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":183106,"position":2},"title":"United Spirits Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"June 23, 2022","format":false,"excerpt":"https:\/\/youtu.be\/Vvcm7ol3-Ew Key highlights from United Spirits Limited (MCDOWELL-N) Q4 FY22 Earnings Concall \u00a0 Management Update: MCDOWELL-N expects volatility, temporary import supply constraint and inflationary headwinds to remain in short term, putting pressure on its growth and margins. \u00a0 Q&A Highlights: Avi Mehta - Macquarie Group - Analyst EBITDA and working\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":130791,"url":"https:\/\/alphastreet.com\/india\/iol-chemicals-and-pharmaceuticals-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":183106,"position":3},"title":"IOL Chemicals and Pharmaceuticals Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"June 24, 2022","format":false,"excerpt":"https:\/\/youtu.be\/HCB5WuVf8_E Key highlights from IOL Chemicals and Pharmaceuticals Limited (IOLCP) Q4 FY22 Earnings Concall \u00a0 Management Update: IOLCP is optimistic on its pharma segment as capacity for other potentially large projects are ready. Gross margin in this segment is expected to improve with improved business mix. \u00a0 Q&A Highlights: Dhaval\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":41715,"url":"https:\/\/alphastreet.com\/india\/wipro-limited-wit-q2-2020-earnings-snapshot\/","url_meta":{"origin":183106,"position":4},"title":"Wipro Limited (WIT): Q2 2020 Earnings Snapshot","author":"Toby","date":"October 15, 2019","format":false,"excerpt":"-- Wipro Limited (NYSE: WIT) reported second-quarter 2020 earnings of $0.06 per share, in line with Wall Street projection -- Revenues grew 4% to $2.14 billion, vs. $2.13 billion expected. -- In Q2, IT Services revenue grew 2.5% to $2.05 billion. -- Wipro expects IT Services revenue to be $2.065\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"Earnings Update by AlphaStreet","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-5.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-5.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-5.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-5.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-Coverage-5.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":145688,"url":"https:\/\/alphastreet.com\/india\/welspun-investments-and-commercials-ltd-q4fy23-results-out-revenue-soars-by-4757\/","url_meta":{"origin":183106,"position":5},"title":"Welspun Investments and Commercials Ltd Q4FY23 results out, revenue soars by 4757%","author":"Chirag Gupta","date":"May 10, 2023","format":false,"excerpt":"Welspun Investments and Commercials Limited (WICL)-formerly known as Welspun Investments Limited was formed after the demerger of Welspun India Limited into two separate companies in 2009. The Co. is engaged in the business of Investment and dealing in shares & securities and trading of textile products & commodities. 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