Welspun Living Limited · NSE:WELSPUNLIV
Welspun Living — Q3 FY25 Earnings Presentation
26 slides from Welspun Living's earnings presentation, Jan 30, 2025
Slide 1: Regulation 30 disclosure cover letter to stock exchanges
WLL/SEC/2025 January 30, 2025 BSE Limited National Stock Exchange of India Limited Department of Corporate Services, Listing Compliance Department SP. J. Towers, Dalal Street, Exchange Plaza, Bandra-Kurla Complex, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 (Scrip Code-514162) (Symbol: WELSPUNLIV)
Slide 2: Earnings Presentation Welspun Living Limited Q3 FY25
Earnings Presentation Welspun Living Limited Home Textile | Advance Textile | Flooring Q3 FY25 30th Jan, 2025 NSE/BSE: WELSPUNLIV Bloomberg: WLSI:IN Reuters: WLSP.NS
Slide 3: Inside this Presentation
Inside this Presentation Executive Summary 03 Management Commentary 04 Awards & Recognition 05 Global Presence 06 Key Highlights 07 Quarterly summary 08 Operational Highlights 12 Quarterly Profit & Loss 14 Quarterly Segment Results 15 Financial Statements Summary 16 ESG at Welspun 20 Share Holding S
Slide 4: Welspun Living - Global Home Textiles Leader
WELSPUN LIVING - GLOBAL HOME TEXTILES LEADER Global leader in Home solutions • Highest export across the globe from India (Texprocil) • Market leadership - Rank 1 in Towels and Bath rugs and Top 2 in sheets. Welspun Living Ltd (WLL), part of $3.6 bn Welspun Group, is a ESG Focused global leader in t
Slide 5: Management Commentary
MANAGEMENT COMMENTARY “We are pleased to share that the company has achieved a consolidated revenues growth of 3% YoY in Q3FY25 and 11.7% growth YTD. HT Export business has continued to grow in excess of 14% YTD, with strong performance across US, Europe & UK and RoW and our Global Brands continuing
Slide 6: Awards & Recognition
AWARDS & RECOGNITION Feathers in our cap Welspun Living honored with Welspun Living Named Among the Ms. Dipali Goenka is now 'The Ms. Vanshika Goenka-Misra National Award for Excellence Top 75 Innovative companies for 2024 Most Powerful Women in honored with the Global in Water Management 2024 at th
Slide 7: Strong Global Presence
STRONG GLOBAL PRESENCE KEY CUSTOMER PARTNERSHIP North America UK & Europe India ROW 60 Countries IKEA Over Presence welspunliving.com 6
Slide 8: Key Highlights
KEY HIGHLIGHTS Brands ESG C lick the Ico ns to k no w m o re Total Income EBIDTA • Q3 ₹ 25,277 mn grew by 3.0% YoY • Q3 ₹ 3,185 mn @ 12.6% down 300 bps • 9M ₹ 80,491 mn grew by 11.7% YoY • 9M ₹ 11,326 mn @ 14.1% down 139 bps Home Textile Exports Business grew by 6% Flooring Business
Slide 9: Financials Highlights
FINANCIALS HIGHLIGHTS (₹ Million) Quarterly Highlights 9M Highlights 25,277 24,539 80,491 72,084 3.0% 11.7% 3,819 3,185 11,326 11,146 1,768 1,208 5,073 5,351 12.6% 15.6% 14.1% 15.5% 4.8% 7.2% 6.3% 7.4% Sales EBIDTA PAT Sales EBIDTA PAT Q3 FY25A Q3 FY24A 9M FY25A 9M FY24A welspunliving.com 8
Slide 10: Quarterly Highlights
QUARTERLY HIGHLIGHTS (₹ Million) Particulars 31-Dec-24 30-Sept-24 31-Dec-23 Net Worth 46,581 45,575 43,795 Short Term Loans 17,691 18,642 15,187 Long Term Loans 10,274 10,144 9,852 Gross Debt 27,965 28,786 25,038 Cash & Cash Equiv. 11,381 10,463 9,622 Net Debt 16,584 18,323 15,416 Total Assets 1,03,
Slide 11: Sales Highlights – Channel Wise
SALES HIGHLIGHTS – CHANNEL WISE (₹ Million) B2B Branded# Revenue Global* Global* Domestic Domestic Innovation Others Online Offline Online Offline Q3 FY25 4,340 12,780 1,216 708 1,824 81 1,598 Sales Contribution (%) 19% 57% 5% 3% 8% 0% 7% Q2 FY25 5,997 13,118 1,560 780 3,049 56 1,378 Sales Contribut
Slide 12: Sales Highlights – Business Wise
SALES HIGHLIGHTS – BUSINESS WISE (₹ Million) Flooring Business Home Textile Business Revenue Advanced HT - B2B HT – Branded HT - E-Com Flooring – B2B Flooring – Branded Textiles Q3 FY25 15,708 3,004 789 1,146 1,482 417 Sales Contribution (%) 70% 13% 3% 5% 7% 2% Q2 FY25 17,486 4,067 835 1,316 1,872 3
Slide 13: Operational Highlights
OPERATIONAL HIGHLIGHTS Manufacturing Capacity & Utilization Annual Utilization Utilisation Utilization Particulars UOM Q3FY25 Q2FY25 Q3FY24 Capacity (%) (%) (%) Bath Linen MT 90,000 17,747 79% 21,676 96% 18,933 84% Bed Linen Mn mtrs 108 21.0 78% 25.7 95% 16.0 59% Home Rugs & Carpets Mn sq mtrs 12.0
Slide 14: Operational Highlights
OPERATIONAL HIGHLIGHTS Manufacturing Capacity & Utilization Annual Utilisation Utilization Particulars UOM 9MFY25 9MFY24 Capacity (%) (%) Bath Linen MT 90,000 60,478 90% 58,126 86% Bed Linen Mn mtrs 108 65.3 81% 53.2 66% Home Rugs & Carpets Mn sq mtrs 12.0 8.1 90% 8.2 92% Textile Advanced Textile Sp
Slide 15: Quarterly Profit & Loss
QUARTERLY PROFIT & LOSS (₹ Million) Particulars Q3FY25 Q3FY24 YoY Change Q2FY25 QoQ Change Total Income 25,277 24,539 3.0% 29,360 (13.9%) EBITDA 3,185 3,819 (16.6%) 4,206 (24.3%) EBITDA Margin (%) 12.6% 15.6% (296 bps) 14.3% (172 bps) Finance Cost 623 419 48.7% 549 13.6% Depreciation 982 1,004 (2.1%
Slide 16: Quarterly Segment Results
QUARTERLY SEGMENT RESULTS (₹ Million) Revenue Segmentation (%) YoY QoQ YoY Particulars Q3 FY25 Q3 FY24 Q2 FY25 9M FY25 9M FY24 Change Change Change Q3 FY25 Home Textile Revenue 22,818 22,514 1.3% 27,128 (15.9%) 73,819 66,413 11.2% EBITDA 2,864 3,470 (17.5%) 3,742 (23.5%) 10,090 10,187 (1.0%) EBITDA
Slide 17: Summary of Financial Statements
Summary of Financial Statements Welspun Experience Centre, Hyderabad 16
Slide 18: Profit & Loss Summary
PROFIT & LOSS SUMMARY (₹ Million) Particulars FY20 FY21 FY22 FY 23 FY 24 9M FY25 Total Income 68,362 74,080 93,773 82,151 98,251 80,491 Growth YoY* % 3.4% 8.4% 26.6% (11.4%) 19.6% 11.7% EBITDA 13,098 14,198 14,246 8,739 15,147 11,326 EBITDA Margin 19.2% 19.2% 15.2% 10.6% 15.4% 14.1% Depreciation 4,8
Slide 19: Balance Sheet Summary
BALANCE SHEET SUMMARY (₹ Million) Particulars 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Dec-24 Net Worth 29,721 36,447 39,717 40,878 45,158 46,581 Short Term Loans 17,717 17,452 19,742 12,342 15,665 17,691 Long Term Loans 16,704 10,962 12,142 11,162 9,540 10,274 Gross Debt 34,421 28,414 3
Slide 20: Ratios Summary
RATIOS SUMMARY FY20 FY21 FY22 FY23 FY24 9M FY25 Net Debt/Equity 1.00 0.64 0.56 0.38 0.30 0.36 Solvency Net Debt/EBITDA 2.26 1.64 1.56 1.76 0.90 1.08 ratios EBIT/Interest 4.66 4.89 7.65 3.32 7.30 5.44 Current ratio 1.19 1.33 1.37 1.66 1.72 1.61 Fixed asset turnover 1.77 1.93 2.33 2.14 2.63 2.50 Total
Slide 21: Welspun ESG Way: Encompassing All Stakeholders
WELSPUN ESG WAY: ENCOMPASSING ALL STAKEHOLDERS Environmental Social Governance Welspun is going through Implemented ISO 14001 Engaged with Cotton Farmers Board Committee on ESG a major transformation where we are Environmental Management to grow sustainable Cotton embedding sustainability and
Slide 22: Sustainability Initiatives – Growing Business Responsibly
SUSTAINABILITY INITIATIVES – GROWING BUSINESS RESPONSIBLY DJSI ratings Sustainalytics Eco Vadis Crisil ratings Welspun Living’s Sustainability case study is now a part of a Score improved from 48 to 59 Score improved from 14.4 to 11.5 Score 44 to 66 (2024) curriculum across universities in to 66 (Ma
Slide 23: Sustainability – Progress Against Targets
SUSTAINABILITY – PROGRESS AGAINST TARGETS YTD Q3 Aspects FY24 Q3 FY25 FY25 Goal 2025 Goal 2030 Carbon Neutral (measured as % RE) 8.4% 18.5% 17.7% 20% 100% 100% Sustainable Cotton 81% 78% 72% 50% 100% Fresh Water (+) in Production 11.2 11.9 11.2 5 0 operations (KL/MT) Zero hazardous waste to Landfill
Slide 24: Share Holding Summary
SHARE HOLDING SUMMARY Shareholding Pattern (Dec 2024) Top Institutional Shareholders Promoter Group 66.2% SBI Insurance FPIs 5.9% LIC of INDIA Mutual Funds/AIF 2.8% Aditya Birla Sunlife MF Insurance Co’s 5.5% Vanguard Public 18.6% HSBC Mutual Fund Other 1.0% welspunliving.com 23
Slide 25: Disclaimer
DISCLAIMER The information contained in this presentation is provided by Welspun Living Limited (the “Company”), although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject to change
Slide 26: Let's connect
Let’s connect For further details please contact Mr. Sanjay Gupta President (Finance) & CFO Welspun Living Limited sanjay_gupta1@welspun.com Mr. Salil Bawa Group Head – Investor Relations Salil_bawa@welspun.com Connect with us: /TheWelspunworld /WelspunWorld /welspungroup /company/welspunworld