Questions across 3 calls

Dipali Goenka

Firm not listed in source transcripts

Welspun Living Limited

Welspun Living Limited CC-Jul25.pdf · 2025-07-30

Thank you for you r question. So definitely, there has been a decline in the volume and the retailers this time are correcting the inventories as well. So that is one thing that they're doing. Secondly, everybody has been very cautious. For example, this time, the top line also de-grew because a couple of promotions actually got held on by the customers as well. And the other thing is how we are looking at the tariff situation is what everybody is evaluating. Now the second question that you asked about how the tariff is hig h and how it's going to be shared or how it's going to be taken forward. I think let me just tell you that the retail prices in America haven't gone up for the past 20 to 30 years. And now obviously, if there's any kind of a steep thing that happens, it wi ll be between the consumer, it will be passed on to the consumer than the retailer. And of course, there's a partnership that works on. So there could be that kind of a conversation. So however, this is not going to be anything that can be taken by the ve ndor alone. It will be kind of shared between all the 3 kind of verticals here, Prerna. I hope I've answered your question here. And if you talk about the volumes going forward, it will now depend. See, now also the tariff announcement uncertainty is an o verhang. It is just hanging uncertain. There's an uncertainty here. While having said that with USA, we continue to focus on UK, Europe and rest of the world, where our business grew by – our thing -- our share is around 40%. So that's where we're also foc using and seeing how we can increase our share there as well because that clearly will now establish an opportunity for India as well as others.

So Prerna, I'll tell you one thing. The concerns are there in the terms of the uncertainty of the tariff, okay? Let me just put it and table it there. And the top line definitely will be impacted because the customers are going to evaluate what they have to buy, they'll take very conservative calls there. So that you will see there. And so that top line will also impact the EBITDA indirectly, directly because that definitely will be an impact. So however, I can also tell you this is a blip momentarily. And in the year as we go forward, we will see that come back again, and we are working towards that. So while the tariff situation is getting resolved, we're also working on our cost. We are working on the other measures, other thi ngs so that, that gets corrected till then. And these numbers are going to come back. See, I can just tell you one thing. Welspun is not here for today or tomorrow. They're here for the next 100 years, and we are building a legacy of it.

Welspun Living Limited CC-Dec23.pdf · 2024-01-31

Thank you, Prerna, and very interesting question. So first of all, I must tell you I have always maintained and we have at Welspun always maintained that USA. is a resi lient economy. And today, even if you look at it, quarter 4 is at 3.3% GDP growth. Inflation also remains about the same. Interest rates are steady at around 5.25%. You know the rates cuts are expected in 2024. So the markets in the holiday season have been up it grew by 3.8% Y-on-Y and the retailers are pretty confident about the other markets as we go forward as well. However, the Red Sea definitely is an aberration, but I must say that there are opportunities and we are looking at the risk of mitigating the Red Sea. it might take the whole two to three weeks extra. So people are planning ahead an d we are looking at innovative ways for mitigating the turnaround times as well now, Prerna. There are a lot of things that we are doing along with our customer partners as well. So over and all, I must tell you about Red Sea that we'll be mitigating and make it minimal cost impact overall.

So here, Prerna, I must tell you, we are working very closely with our customers. We already know that we have our supply chain analysts who work in the geographies there. So we are looking at our warehouses wher e we can stock in USA as well and those are the opportunities we are looking at in pockets. So definitely, it will be a very need-based, curated according to the retailers' demand. But I just want to again maintain that the minimum impact of Red Sea will be there. So I just want to just put that forward to you.

Welspun Living Limited CC-Mar24.pdf · 2023-07-23

Hi, Prerna. If you look at it, flooring business has actually clocked its highest revenue of around INR 927 crores this year. We have grown by 31%. But the thing here is that in the last quarter, because of the Red Sea issue, there were a little hiccups. Because see, in Home Textiles, around 80% of our businesses are FOB . Here, we are looking at CIS a nd that was the impact here. However, as we go forward in Q1, our numbers looked very intact a nd we are moving in the right manner in a committed way that we have committed on the top line and the numbers and a strategy that we are looking at, s o this was a little hiccup that we saw in this quarter ’4 because this was right at the peak of the Red Sea issue.

Yes. That's very, very important because that's going to be a growth forward. So domestic front, we continue to see growth in hospitality and residential segments in the key markets in India. So domestic flooring actually achieved its highest quarterly revenues growing 41% and yearly revenues growing 15% here. So I think I can tell you that India will be the key market, t hough it is a steady -state growth that we are going to be seeing here a nd this quarter, we actually, to your point, actually, clocked the highest r evenue for the domestic market a nd it will be going bigger as we also capture the residential properties as well. We have reached around 2,500 AIDs as of now and that will, again, be growing 100% by the end of this year.