The home textiles major is combining manufacturing expansion, premiumisation, domestic retail growth and new export opportunities to accelerate its next phase.
Welspun Living is targeting ₹15,000 crore in revenue by 2029, with a long-term goal of achieving a 15% EBITDA margin, as the company steps up manufacturing investments and looks to benefit from shifting global sourcing patterns.
The company is positioning its manufacturing capabilities across home textiles, advanced textiles, flooring and US pillows to capture increasing opportunities for India in global supply chains. Newly concluded and emerging trade agreements with the UK and EU are expected to further strengthen its export prospects.
Welspun Living reported a 23.5% year-on-year increase in revenue and an 83.6% rise in PAT in Q1 FY27. For FY27, it is targeting around 15% revenue growth and a 12–13% EBITDA margin.
The company has board approval for approximately ₹400–500 crore of capex in FY27, primarily aimed at removing manufacturing bottlenecks, while additional expansion remains under evaluation.
Welspun operates at significant scale, with a global top line of around $1.2 billion and manufacturing nearly 1 million units a day across towels, sheets, rugs, bedding, flooring and advanced textiles.
Its existing capacity also provides room for growth. Bath linen has 96,400 MT capacity with 83% utilisation in Q1 FY27, while bed linen has 108 million metres of capacity at 60% utilisation. Rugs and carpets have 12 million sq. metres of capacity at 74% utilisation. Advanced textile and flooring facilities also have additional headroom.
The company sees India as a key beneficiary of the China+1 strategy, supported by cotton availability, infrastructure, its MSME ecosystem and a young workforce.
Internationally, the US remains Welspun’s largest market, while the company expects its longer-term business mix to be roughly 60% from the US and 40% from the UK, Europe, India and other markets. The UK alone represents an approximately $5 billion home textile market, according to the company.
Alongside exports, Welspun is strengthening its domestic consumer business. Its retail operations are growing around 20% annually, with a presence across 500+ districts and an ambition to reach ₹1,000 crore in domestic retail revenue in the near term.
Its D2C brand Christy is growing around 25%, with operations across the UK, US and Middle East.
Welspun is also using premiumisation, product mix and cost controls to protect margins. With manufacturing scale, expanding retail reach and new export opportunities, the company is building toward its ₹15,000 crore revenue ambition.
Source: Based on reporting by ET Retail, with additional editorial adaptation and analysis.
