Q1 2025 Welspun Living Ltd Earnings Call Transcript
Key Points
- Revenue growth of 17% YoY, reaching INR2,588 crores, driven by strong performance in both global and Indian markets.
- Sustained EBITDA of INR393 crores, clocking 15.2% in Q1, growing at 15% YoY.
- India continues to be the leading supplier of terry towels and bed sheets to the USA, with Welspun Living Ltd (BOM:514162) solidifying its leadership in US exports.
- Emerging businesses, including domestic consumer business, global brands, advanced textile, and flooring businesses, grew 7% YoY in Q1 FY25.
- The advanced textile business witnessed a 26% growth YoY in Q1 FY25 with a revenue of INR132 crores.
- Challenges in the global economy, particularly in terms of ship liners and container availability, have affected revenue growth.
- Hardening of container rates to 3x of the last financial year and space availability issues have impacted timely shipments.
- Domestic retail sector demand remained muted during Q1 due to lower consumer spending in discretionary categories.
- Net debt increased by INR208 crores due to CapEx spending and increased investment in working capital during Q1.
- The flooring business dispatches in Q1 were impacted to some extent due to Red Sea issues, affecting revenue growth.
Ladies and gentlemen, good day. And welcome to Welspun Living Limited Q1 FY25 conference call hosted by JM Financial. (Operator Instructions) Please note that this conference is being recorded.
I will now hand the conference over to Mr. Ashutosh Somani. Thank you. And over to you, sir.
Yes. Thanks, operator. And welcome, everyone, to the call. I will first thank Welspun Group for giving JM Financial the opportunity to host today's call.
I'll hand over the call now to Mr. Salil Bawa, Head, Investor Relations, Welspun Group, to introduce the management. Over to you, Salil.
Thank you very much, Ashutosh. Good morning to all of you. On behalf of Welspun Living Limited, I welcome all of you to the company's Q1 FY25 earnings call. Along with me, we have with us today Ms. Dipali Goenka, Managing Director and CEO. I have Mr.
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