Welspun Living · tone and specificity signals across the available quarters.
Language signals
We have the strongest quarter in seven quarters with consolidated revenues growing 23.5% year-on-year. Margin expansion is now in its third consecutive quarter from 6.8% at the trough to 12.5% today. And it is structural not circumstantial.
The India UK free trade agreement effective 15th July puts India on an equal tariff footing with Pakistan which today holds over 50% of UK home textile imports. We are not starting from scratch here.
We remain focused on improving not just growth but the quality of growth by strengthening cash generation, enhancing operational productivity, maintaining disciplined capital allocation and delivering sustainable improvement in return ratios.
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 FI26 validate that view.
We didn't lose any market share first of all. We retained each and every customer. So that is something that is there.
In ideal world next year [FY27], debt-free company, net debt zero company, unless we plan any additional capex or any special requirement but otherwise if all goes well, we will be net debt zero company next.