Now Reading: Welspun Living shares surge 11% on 13-fold profit jump
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Welspun Living shares surge 11% on 13-fold profit jump
The Story in Brief
Shares of Welspun Living surged nearly 11% to an intraday high of Rs 243 on Monday, 2 November, after the company reported a 13-fold year-on-year increase in net profit to Rs 169 crore for the September quarter of FY2027. Revenue rose 16.3% to 16.9% to around Rs 2,838 to Rs 2,870 crore, while EBITDA more than doubled. The company also turned net cash positive from a net debt of Rs 775 crore in March 2026.
The home textiles segment recorded export growth of 15.8% to 18.3%, and the flooring business revenue grew 19.2% to 19.3% with an EBITDA margin of 10.8%. Jefferies maintained a 'Buy' rating with a target price of Rs 260, while Nuvama raised its target to Rs 256. The stock has rallied nearly 75% in 2026, outperforming the Nifty which fell 10.7% in the same period.
Update, 2 November 2026: On Monday, 2 November, CNBC-TV18 put the company's revenue at Rs 2,838 crore and EBITDA at Rs 338 crore, while Livemint reported a net profit of Rs 169.66 crore and a net cash position of Rs 2 crore. Livemint also quoted CEO Dipali Goenka on broad-based growth and added Nuvama Institutional Equities raising its target price to Rs 256 and JM Financial on the net cash position.
Indian Opinion Analysis
Business Standard and CNBC-TV18 report nearly identical figures for the stock surge, profit growth and segment performance, while Livemint differs on revenue (topping Rs 2,838 crore versus Rs 2,870 crore) and quotes Nuvama Institutional Equities raising its target price to Rs 256. CNBC-TV18 mentions an exceptional charge of Rs 7.2 crore for the Vapi flood disruption that Livemint omits. Livemint adds CEO Dipali Goenka’s comment and a net cash position of Rs 2 crore, CNBC-TV18 states a net cash positive position. The two revenue figures appear to reflect one source citing segment-level numbers and another the consolidated statement. Nuvama’s Rs 256 target and JM Financial’s Rs 2 crore net cash figure in Livemint are the only new broker details not in Business Standard or CNBC-TV18.
Coverage: 3 sources, 3 neutral
Sources (3): business-standard.com (neutral report), cnbctv18.com (neutral report), livemint.com (neutral report)
This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Methodology and corrections.
