• Financials and buyback: Profit declined 21% to ₹104 crore with margins dropping to 10%, but the company announced a ₹252 crore share buyback at ₹175 per share supported by strong free cash flows.
• Net debt reduction: Net debt decreased by 52% to approximately ₹772 crore, aided by strict cost controls and governance.
• Domestic business growth: The branded business accounted for about 19% of top-line revenue, driven by 44% growth in the Welspun brand and 19% in Spaces, supporting a near-term ₹1,000 crore domestic revenue target.
• Capex and expansion: Welspun has committed ₹400 crore for debottlenecking and maintenance capex, while expanding its sleep portfolio via a new Nevada facility to scale pillow revenues from $27 million to $60 million.