Welspun Living Limited

rs,

WLL/SEC/2025 November 12, 2025 BSE Limited Department of Corporate Services, SP. J. Towers, Dalal Street, Mumbai – 400 001 (Scrip Code-514162) National Stock Exchange of India Limited Lis

28%

-art transparency for All Fibers & All Product Categories A certified woman owned business with 28% women in a 24,000+ strong workforce w e l s p u n l i v i n g . c o m 3 MANAGEMENT COMMENTARY

16.4%

ariffoverhangintheUSmarket,further dampeningsentimentandretailerofftake.Consolidatedrevenuedeclined16.4%YoY,asall businesssegmentswitnessedmoderationonahighbase,thoughsequentiallyimprovedby 7.3%. Margin

7.3%

eclined16.4%YoY,asall businesssegmentswitnessedmoderationonahighbase,thoughsequentiallyimprovedby 7.3%. Margins cameunder pressure, with EBITDA slippingtosingle digits duetotariff impact,adversemixando

3.7%

tosingle digits duetotariff impact,adversemixandoperatingdeleverage. Ourdomesticbusinessdeclinedby3.7%YoY.Wecontinuetofocusonbrandstrengthand witnessedcontinuedtractioninflooringandinstitutionalchannel

100%

onditionsstabilize. Oursustainabilityjourneyremainsontrack,withsteadyprogresstowardour2030goals of100%renewableenergyand100%sustainablecotton. w e l s p u n l i v i n g . c o m Ms. Dipali Goenka Manag

₹ 24,557

A 6 KEY HIGHLIGHTS Brands ESG C lick the Ico ns to k no w m o re  Total Income in Q2 FY26 is ₹ 24,557 mn declined by 16.4% YoY  EBIDTA Q2FY26  ₹ 1,681 mn @ 60% down 748 bps  Home Textile Exports

₹ 1,681

o k no w m o re  Total Income in Q2 FY26 is ₹ 24,557 mn declined by 16.4% YoY  EBIDTA Q2FY26  ₹ 1,681 mn @ 60% down 748 bps  Home Textile Exports Business declined 15.4% YoY in Q2FY26 with EBITDA

60%

re  Total Income in Q2 FY26 is ₹ 24,557 mn declined by 16.4% YoY  EBIDTA Q2FY26  ₹ 1,681 mn @ 60% down 748 bps  Home Textile Exports Business declined 15.4% YoY in Q2FY26 with EBITDA margin

748 bps

Income in Q2 FY26 is ₹ 24,557 mn declined by 16.4% YoY  EBIDTA Q2FY26  ₹ 1,681 mn @ 60% down 748 bps  Home Textile Exports Business declined 15.4% YoY in Q2FY26 with EBITDA margin of 7.8%  Adva

15.4%

YoY  EBIDTA Q2FY26  ₹ 1,681 mn @ 60% down 748 bps  Home Textile Exports Business declined 15.4% YoY in Q2FY26 with EBITDA margin of 7.8%  Advance Textile Business declined by 19% YoY  Over

7.8%

wn 748 bps  Home Textile Exports Business declined 15.4% YoY in Q2FY26 with EBITDA margin of 7.8%  Advance Textile Business declined by 19% YoY  Overall Flooring Business in Q2 FY26 recorde

“c o m 7 FINANCIALS HIGHLIGHTS 12.6% 15.6% 4.8% 7.2% (₹ Million) Quarterly Highlights 29,360 1HFY26 Highlights 4,206 55,245 47,401 24,557 16.4% 1,681 6.8% 14.3% 2,010 6.8% 130 0.5% 14.2% 8,140 4,224 14.1% 8.9% 15.5% 14.7% 3,865 1,005 2.1% 6.0% 6.3% 7.0% 7.4% Sales EBITDA PAT 3.8% Sales EBITDA PAT Q2 FY26 Q2 FY25 1H FY26 1H FY25 w e l s p u n l i v i n g .”

“c o m 9 SALES HIGHLIGHTS – CHANNEL WISE Revenue Q2 FY26 Sales Contribution (%) Q1 FY26 Sales Contribution (%) Q2 FY25 Sales Contribution (%) Growth YoY (%) 1H FY26 Sales Contribution (%) 1H FY25 Sales Contribution (%) Growth YoY (%)”

“* FY 22 numbers adjusted for ROSCTL of Q4 FY 21 of Rs.1050 Mn ^ Cash Profit = PBDT less Current Tax (₹ Million) FY25 H1 FY26 FY 24 98,251 19.6% 15,147 15.4% 3,945 1,534 9,668 6,811 1,06,972 8.9% 14,507 13.6% 3,734 2,175 8,598 6,392 12,398 10,624 7.06 6.70 47,401 (14.2%) 4,224 8.9% 1,888 858 1,478 1,005 2,821 1.05 w e l s p u n l i v i n g .”

“c o m  Implemented ISO 14001 Environmental Management Systems at four manufacturing sites  WLL’s GHG Emission reduction Target has been approved by SBTi.”

Note

6

Strong Emerging Businesses

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Connect with us

1

Strong Emerging Businesses

 Flooring Solutions disrupting the world of flooring  Advanced Textiles dealing with strategic shift towards value addition Thought leader Tamper-proof Blockchain platform for state-of-the-art transparency for All Fibers & All Product Categories A certified woman owned business with 28% women in a 24,000+ strong workforce w e l s p u n l i v i n g . c o m 3 MANAGEMENT COMMENTARY “Q2FY26remainedchallengingwithcontinuedtariffoverhangintheUSmarket,further dampeningsentimentandretailerofftake.Consolidatedrevenuedeclined16.4%YoY,asall businesssegmentswitnessedmoderationonahighbase,thoughsequentiallyimprovedby 7.3%. Margins cameunder pressure, with EBITDA slippingtosingle digits duetotariff impact,adversemixandoperatingdeleverage. Ourdomesticbusinessdeclinedby3.7%YoY.Wecontinuetofocusonbrandstrengthand witnessedcontinuedtractioninflooringandinstitutionalchannel. While the external environment remains uncertain, we continue to strengthen cost discipline, sharpen operational efficiencies, an

Note

*Non-Domestic #Includes Innovation Revenue excludes Other Operating Income w e l s p u n l i v i n g . c o m B2B Global* Innovation 4,390 20% 5,494 27% 5,997 23% (27)% 9,884 23% 12,398 25% (20)% Others 12,265 55% 9,917 49% 13,118 51% (6)% 22,183 52% 24,557 50% (10)% ~20% Innovation Business Contribution in Q2FY26 (₹ Million) Branded# Global* Domestic Online Offline Online Offline 898 4% 629 3% 780 3% 15% 1,526 4% 1,245 3% 23% 1,978 9% 1,742 9% 3,049 12% 20 0% 41 0% 56 0% (35)% (64)% 3,720 8% 5,007 10% 61 0% 85 0% (26)% (28)% 1,416 6% 1,188 6% 1,378 5% 3% 2,604 6% 2,459 5% 6% Domestic 1,165 5% 1,201 6% 1,560 6% (25)% 2,366 6% 3,065 6% (23)% ~13% Global Branded Business Contribution in 2QFY26 10 SALES HIGHLIGHTS – BUSINESS WISE Revenue Q2 FY26 Sales Contribution (%) Q1 FY26 Sales Contribution (%) Q2 FY25 Sales Contribution (%) Growth YoY (%) 1H FY26 Sales Contribution (%) 1H FY25 Sales Contribution (%) Growth YoY (%) Home Textile Business HT - B2B HT – Branded HT - E-Com 15,528 70% 14,13

Note

HT - Home Textile HT-Branded includes sales from licensed brands Revenue excludes Other Operating Income 30% Emerging Business Contribution in 2QFY26 w e l s p u n l i v i n g . c o m (₹ Million) Flooring Business Flooring – B2B Flooring – Branded 1,166 5% 1,446 7% 1,872 7% (38)% 2,612 6% 3,599 7% (27)% 385 2% 375 2% 360 1% 7% 760 2% 672 1% 13% 11 OPERATIONAL HIGHLIGHTS Manufacturing Capacity & Utilization Home Textile Particulars UOM Bath Linen Bed Linen Rugs & Carpets Mn sq mtrs Mn mtrs MT Annual Capacity 96,400* 108 12 Advanced Textile Spunlace Needle Punch Wet Wipes MT MT Mn Packs 27,729 3,026 100 Q2FY26 18,334 20.2 2.4 4,019 387 4.4 Utilization (%) 76% 75% 78% 58% 51% 18% Q1FY26 19,706 18.1 2.4 4,145 373 5.9 Utilization (%) 88% 67% 81% 60% 49% 24% Q2FY25 21,676 25.7 3.0 4,308 395 6.4 Utilization (%) 96% 95% 100% 62% 52% 26% Flooring Particulars UOM Annual Capacity Installed Effective Q2FY26 Utilisation (%) Q1FY26 Utilisation (%) Q2FY25 Utilisation (%) Flooring Mn sq mtrs 27 18 1.6

Note

1. ^Cash Profit = PBDT less Current Tax w e l s p u n l i v i n g . c o m Q2FY26 Q2FY25 YoY Change Q1FY26 QoQ Change (₹ Million) 24,557 29,360 1,681 6.8% 434 1,009 238 130 0.5% 1,100 0.13 4,206 14.3% 549 856 2,802 2,010 6.8% 3,041 2.10 (16.4%) (60.0%) (748 bps) (21.0%) 18.0% (91.5%) (93.5%) (632 bps) (63.8%) (93.8%) 22,895 2,543 11.1% 425 879 1,240 876 3.8% 1,721 0.92 7.3% (33.9%) (426 bps) 2.1% 14.8% (80.8%) (85.2%) (330 bps) (36.0%) (85.9%) 14 QUARTERLY SEGMENT RESULTS Particulars Q2 FY26 Q2 FY25 YoY Change Q1 FY26 QoQ Change 1H FY26 1H FY25 (₹ Million) YoY Change Revenue Segmentation (%) Q2 FY26 Home Textile Revenue EBITDA 23,216 27,128 (14.4%) 21,235 9.3% 44,451 51,001 (12.8%) 1523 3742 (59.3%) 2232 (31.8%) 3754 7226 (48.0%) EBITDA Margin (%) 6.6% 13.8% (724 bps) 10.5% (395 bps) 8.4% 14.2% (572 bps) 92.8% 7.2% Flooring Revenue EBITDA 1813 2498 (27.4%) 1935 (6.3%) 3,748 4776 (21.5%) 38 220 (82.9%) 162 (76.8%) 199 430 (53.6%) 1H FY26 EBITDA Margin (%) 2.1% 8.8% (674 bps) 8.4% (630 bp

Note

* FY 22 numbers adjusted for ROSCTL of Q4 FY 21 of Rs.1050 Mn ^ Cash Profit = PBDT less Current Tax (₹ Million) FY25 H1 FY26 FY 24 98,251 19.6% 15,147 15.4% 3,945 1,534 9,668 6,811 1,06,972 8.9% 14,507 13.6% 3,734 2,175 8,598 6,392 12,398 10,624 7.06 6.70 47,401 (14.2%) 4,224 8.9% 1,888 858 1,478 1,005 2,821 1.05 w e l s p u n l i v i n g . c o m 17 BALANCE SHEET SUMMARY Particulars Net Worth Short Term Loans Long Term Loans Gross Debt Cash & Cash Equiv. Net Debt Capital Employed* Net Fixed Assets (incl CWIP)^ Net Current Assets Total Assets 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 30-Sep-25 (₹ Million) 36,447 17,452 10,962 28,414 5,087 23,327 71,305 38,042 24,536 86,778 39,717 19,742 12,142 31,884 9,595 22,289 79,053 39,881 24,839 94,368 40,878 12,342 11,162 23,504 8,161 15,343 72,389 37,777 23,135 86,501 45,158 15,665 9,540 25,205 11,663 13,542 80,767 36,737 27,450 95,500 48,211 14,552 10,134 24,686 8,661 16,025 86,037 42,110 29,393 48,265 13,730 10,139 23,869 8,165 15,703 8

Note

*Capital Employed = Net worth + Gross Debt + Other long term liabilities | ^Net current assets does not include Cash & cash equivalents Net Debt reduced by ~50% in last 5 Years w e l s p u n l i v i n g . c o m 18 RATIOS SUMMARY Net Debt/Equity Net Debt/EBITDA EBIT/Interest Current ratio Fixed asset turnover Total asset turnover Inventory days Debtor days Payable days Cash conversion cycle ROE ROCE (Pre-tax) (TTM) Solvency ratios Operational ratios Return ratios FY22 FY23 FY24 FY25 H1 FY26 FY21 0.64 1.64 4.89 1.33 1.93 0.85 88 59 54 93 0.56 1.56 7.65 1.37 2.33 0.99 78 39 36 80 16.3% 13.8% 15.8% 13.4% 0.38 1.76 3.32 1.66 2.14 0.94 89 43 39 93 4.9% 5.7% 0.30 0.90 7.30 1.72 2.63 1.01 78 47 34 91 0.33 1.10 4.95 1.68 2.50 1.02 76 57 39 94 15.8% 14.6% 13.7% 12.9% 0.33 1.48 3.31 1.61 2.33 0.95 77 55 44 88 7.3% 8.0%