Q2 2025 Welspun Living Ltd Earnings Call Transcript
Key Points
- Welspun Living Ltd (BOM:514162) reported its highest ever quarterly revenue of INR2,936 crore, marking a 16% year-on-year growth.
- The company achieved a high capacity utilization rate of over 90% in its terry towel, bed sheets, and rugs units.
- Exports grew by 18% in Q2, driven by strong orders from retailers and distributors across product segments.
- Emerging businesses, including domestic consumer business and global brands, grew by 22% year-on-year, contributing 33% to total revenue.
- Welspun Living Ltd (BOM:514162) continues to focus on sustainability, achieving a significant improvement in its EcoVadis ESG rating.
- The company faced challenges due to Red Sea issues, including rising container rates and non-availability of containers, impacting profitability.
- Higher ocean freight costs, doubling from the previous year, led to increased warehousing and transportation expenses.
- Domestic retail demand remained sluggish, with only a 10% growth in the domestic retail business.
- The flooring business experienced modest growth of 3% year-on-year, affected by logistical challenges.
- Net debt increased by INR270 crore due to share buyback and increased working capital requirements.
Ladies and gentlemen, good day and welcome to the Welspun Living Limited Q2 FY25 earnings conference call hosted by JM Financial. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Ashutosh from JM Financial. Thank you and over to you, sir.
Yes, thanks operator, and welcome everyone to the call. I will first thank Welspun Living Limited for giving JM Financial Institutional Securities the opportunity to host today's call. Without much ado, I'll hand over the call to Mr. Salil Bawa, Head, Investor Relations, Welspun Group to introduce the management. Over to you, Salil.
Thank you Ashutosh, and good afternoon to all of you. Happy Diwali before we start. And on behalf of Welspun Living Limited, I welcome all of you to the company's Q2 and H1 FY25 earnings call. Along with me I have today, Ms. Dipali Goenka, Managing Director and CEO
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