Welspun Living Share Price Jumps Up to 11% After Q2 Results: Profit Surges 13 Times to Rs 169.66 Crore, Company Turns Net Cash, and Whether to Buy, Sell or Hold

Welspun Living Rs 230.02 (11:53 AM, 2 Nov), up 4.99%, high Rs 243 (about +11%). Q2 profit Rs 169.66 cr vs Rs 14.86 cr. EBITDA margin 12.9%. Net cash vs net debt Rs 775 cr.

Welspun Living share price spiked as much as 11% on Monday, 2 November 2026, after the home textiles maker reported a 13-fold jump in second-quarter profit. The rally has since eased to about 5%, so the question for investors is whether the results justify the move. This Welspun Living Q2 results analysis covers the numbers, why the profit jumped so sharply, valuation, the brokerage target and the risks.

The Welspun Living share price and other prices are as of 11:53 AM IST on 2 November 2026. Financials are from the company’s Q2 FY27 filing of 30 October 2026.

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Welspun Living Share Price Today: Key Data

Metric	Value
Price (NSE, 11:53 AM IST)	Rs 230.02, up Rs 10.94 (+4.99%)
Open, high and low	Rs 223.00, Rs 243.00 and Rs 222.77
Previous close (30 October)	Rs 219.08
Volume (NSE)	About 2.57 crore shares
Market cap	About Rs 20,709 crore
P/E ratio (industry P/E)	46.94 (29.59)
P/B ratio	4.09
Return on equity	8.56%
Debt to equity	0.47

Source: NSE and BSE data, Welspun Living filings. Valuation ratios use trailing earnings and will fall as the stronger quarters enter the base.

Welspun Living Q2 Results: The Numbers

Q2 FY27 metric	Q2 FY27	Q2 FY26	Change
Consolidated net profit	Rs 169.66 crore	Rs 14.86 crore	About 13 times (up 1,042%)
Profit before tax	Rs 225.82 crore	Rs 23.82 crore	Up about 9.5 times
Revenue from operations	Rs 2,838.12 crore	Rs 2,440.91 crore	Up 16.3%
EBITDA	Rs 370 crore	About Rs 168 crore	Up about 120%
EBITDA margin	12.9%	About 6.9%	Up about 604 bps
Cash profit	Rs 273 crore	Rs 110 crore	Up 148%
Net debt (March 2026) to net cash	Net cash	Net debt Rs 775 crore	Turned net cash
Cash conversion cycle	44 days	82 days	Nearly halved

Source: Welspun Living Q2 FY27 results as reported by Business Standard, Business World, Free Press Journal, ScanX and Multibagg. Total income rose 16.9% to about Rs 2,870 crore; some reports quote a different revenue growth percentage depending on whether total income or revenue from operations is used. On a sequential basis, profit rose 4.34% from Rs 162.61 crore in Q1 FY27.

Why Did Welspun Living's Profit Jump 13 Times?

1. A Very Low Base

In the Welspun Living Q2 results, the year-ago quarter was weak: Q2 FY26 profit fell 93% to Rs 14.86 crore because exports were hit by the global tariff war, and revenue fell. A 13-fold rise is partly the reverse of that dip, and the sequential rise of only 4.34% is a fairer indicator of the current run-rate.

2. Margins Recovered Sharply

In the Welspun Living Q2 results, EBITDA margin expanded about 604 basis points year-on-year to 12.9%, and EBITDA more than doubled. Management said it aims to sustain double-digit growth and margins in the low teens, improve returns on capital and generate strong cash flows.

3. Lower Finance Costs and a Net Cash Balance Sheet

The company repaid debt and moved to a net cash position from net debt of Rs 775 crore in March 2026, which reduced finance costs and lifted profit more than EBITDA. The cash conversion cycle fell to 44 days from 82 days, which shows tighter working capital.

4. Domestic and US Growth

Home textiles revenue rose 15.8% to Rs 2,689 crore, the domestic business grew 28.2%, and the US pillow business grew about 2.4 times, according to reports of the investor presentation. US tariffs remain a risk because the US is a key export market.

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Welspun Living Target Price: What Brokerages Say

For the Welspun Living target price, one brokerage cited by Business Standard maintained a Buy on the stock with a Welspun Living target price of Rs 260, which is about 13% above today’s Rs 230.02. Brokerages that were cautious earlier flagged US tariffs as a near-term overhang, so check whether they have revised views after this result. Targets are opinions and change often.

Welspun Living Share Price: Buy, Sell or Hold?

Factor	Positive	Caution
Earnings	Profit 13x, margin 12.9%, net cash	Base effect inflates growth
Valuation	Earnings rising fast	P/E of 46.94 against industry 29.59
Balance sheet	Net cash, cash cycle 44 days	Low ROE of 8.56%
Demand	Domestic up 28.2%, US pillows strong	US tariff risk, export dependence

The Welspun Living share price is expensive on trailing P/E, but it is also at the start of an earnings recovery, so the debate turns on whether margins hold near 12% to 13%. Existing holders with large gains might book part of the profit, while new investors may stagger entries and avoid chasing a spike that has already faded from 11% to 5%. This is a framework, not a recommendation.

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Conclusion

Welspun Living share price rallied up to 11% after a 13-fold rise in Q2 profit, a 12.9% EBITDA margin and a net cash balance sheet, but the low base explains much of the jump and valuation is already rich at a P/E near 47. Watch margin sustainability, US tariffs and the next quarter before making large commitments.

Frequently Asked Questions on Welspun Living Share Price

What is the Welspun Living share price today?

Ans. Welspun Living traded at Rs 230.02 on the NSE at 11:53 AM IST on 2 November 2026, up Rs 10.94 or 4.99% from Rs 219.08. It opened at Rs 223 and touched a high of Rs 243, about 11% above the previous close, before easing. The market cap is about Rs 20,709 crore.

Why did Welspun Living shares jump today?

Ans. Shares jumped because Q2 FY27 consolidated profit rose about 13 times to Rs 169.66 crore from Rs 14.86 crore, EBITDA margin expanded to 12.9% and the company moved to a net cash position from net debt of Rs 775 crore. The cash conversion cycle also improved to 44 days from 82 days.

What were Welspun Living's Q2 FY27 results?

Ans. Consolidated net profit was Rs 169.66 crore against Rs 14.86 crore, profit before tax was Rs 225.82 crore, revenue from operations was Rs 2,838.12 crore, up 16.3%, and EBITDA was Rs 370 crore. Total income rose 16.9% to about Rs 2,870 crore. Sequential profit growth was 4.34%.

Is the 13-fold profit growth sustainable?

Ans. The 13-fold figure is inflated by a very weak base in Q2 FY26, when profit fell 93% because of US tariff disruption. Sequential growth of 4.34% is a better guide. Sustaining a 12% to 13% EBITDA margin, management's stated aim of margins in the low teens, will decide future growth.

What is the Welspun Living target price?

Ans. One brokerage cited by Business Standard maintained a Buy with a target price of Rs 260, about 13% above the current Rs 230.02. Other brokerages may have different views, and targets change after results. Check recent research notes before relying on any single target.

Is Welspun Living overvalued?

Ans. The stock trades at a trailing P/E of about 46.94 against an industry P/E of 29.59, a P/B of 4.09 and a return on equity of 8.56%, which is a premium valuation. Supporters argue earnings are in recovery and net cash adds safety. The valuation depends on margins staying near 12% to 13%.

What are the risks for Welspun Living?

Ans. US tariffs and export dependence, cotton and raw material costs, margin volatility, currency moves, and the fact that the stock has rallied sharply in a short time. The company's Q2 FY26 profit collapse due to tariffs shows how quickly earnings can change. Domestic growth can partly cushion this.

Should I buy, sell or hold Welspun Living after the rally?

Ans. It depends on your cost price, horizon and risk tolerance. Holders with large gains may book part, while new investors may stagger purchases instead of chasing a spike. Review the next quarter's margins and tariff developments. This is not investment advice, so consult a SEBI-registered advisor.