Welspun Living Ltd (WELSPUNLIV)

Welspun Living Reports Strong Financial Results - 27 Apr, 2024

Welspun Living reported strong financial results for both Q4 and FY2024, with significant YoY increases in revenue and net income. The company's EPS also surpassed analyst estimates. Welspun Living has delivered positive returns over the past week, six months, and year-to-date. Analysts have given mixed ratings on the stock.

Welspun Living Reports Strong Q4 Results - 26 Apr, 2024

Welspun Living Ltd's Q4FY2024 results show strong revenue growth and improved margins, leading to positive outlook from Axis Securities. The company has been steadily increasing its presence in emerging and branded businesses, which is expected to contribute positively to margins in the future.

Welspun Living to Sell Equity Shares of WGSL and WTSL - 25 Apr, 2024

The Board of Welspun Living has approved the sale of 19% equity shares of Welspun Global Services and Welspun Transformation Services held by the company to Aryabhat Vyapar, a part of the company's promoter group. The shares will be sold for Rs. 0.23 crore and Rs. 1.41 crore respectively.

Welspun Living's Sound Financials Despite Share Price Drop - 16 Apr, 2024

Despite a 3.1% drop in share price, Welspun Living's sound financials make it worth considering for long-term market outcomes. The company's ROE is the focus of this article.

Welspun Living Achieves Top Rank in S&P Global ESG Scores - 02 Apr, 2024

Welspun Living Ltd. has achieved the top rank among Indian textile manufacturing companies in the Textile, Apparels & Luxury goods category of the S&P Global ESG Score for 2023 with an overall score of 66, showing a significant improvement from the previous year's score of 59. The company's commitment to sustainable practices across the entire textile value chain is evident in its growth trajectory in sustainability.

Systematix Initiates Coverage on Indian Home Textile Sector, Welspun Living Top Pick - 01 Apr, 2024

Welspun Living Ltd. is Systematix's top pick in the estimated $10 billion Indian home textiles market for FY24, expected to grow at a CAGR of ~7% over FY24-FY31 to reach $16 billion. The sector profitability is set to improve with increasing demand and moderating working capital, making return on equity/return on capital employed attractive.