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Earnings Presentation Q2FY27 Date: 30th October, 2026
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welspunliving.com DISCLAIMER The information contained in this presentation is provided by Welspun Living Limited (the “Company”). Although care has been taken to ensure that the information is accurate, and that the opinions expressed are fair and reasonable, the information is subject to change withou t notice, its accuracy, fairness or completeness is not guaranteed and has not been independently verified. No express or implied warranty is made thereto. Neither the Company nor any of its directors assume any responsibility or liability for the accuracy or completeness of, or a ny errors or omissions in, any information or opinions contained herein. This document contains forward-looking statements which involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and actual results may differ. This document is for informational purposes only and does not constitute an offer, recommendation or invitation to purchase o r subscribe for any securities. Any reference to “the Company” shall mean Welspun Living Limited, together with its consolidated subsidiaries. 2
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welspunliving.com COMPANY OVERVIEW Welspun Living — Global Home Textiles Leader Welspun Living Ltd (WLL) Part of the $9 bn+ Welspun Group, WLL is a global leader in the Home Textiles landscape with world-class vertically-integrated manufacturing facilities in India and strategic partnerships with top global retailers. Differentiated by Branding, Innovation and Sustainability. Business Segments Bath Solutions Bath Towels, Bath Robes, Bath Rugs Sleep Solutions Sheets – Flat & Fitted, Pillows, Utility Bedding Flooring Solutions Wall to Wall, Carpet Tiles, Area Rugs, Click & Lock 3 US Market Position ESG Leadership Innovation Workforce Rank 1 in Towels & Bath Rugs Top 2 in Sheets 90/100 S&P Global ESG Score 1 Global Rank 50 patents globally 24,000+ employees 28% women Certified Woman Owned Advanced Textiles Spunlace, Needle punch and Wet wipes
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welspunliving.com STRATEGIC PRIORITIES & MEDIUM-TERM TARGETS Building a resilient, diversified, sustainability-led home solutions company 4 Portfolio Diversification Leadership in Core Margin Recovery & Improvement Innovation & ESG – Competitive Moat TODAY: Branded Businesses ~22% of revenue TODAY: #1 in Towels & Rugs in US #1 in Towels in UK and EU from India TODAY: EBITDA Margin: 12.7% (H1FY27) TODAY: S&P Global ESG: 90/100 — #1 Globally 50 Patents | ~25% Innovation revenues ASPIRATION: Branded Businesses: Double digit growth ASPIRATION: Normalized Target: 15%+ EBITDA ASPIRATION: Most Innovative Home textile company Strategic Partnership & Serviceability Category Leadership & Expansion Product Mix, Brand expansion, Category expansion Premiumization, cost optimization, utilization improvement Preferred supplier with top retailers, long standing relationship ASPIRATION: #1 in Bath globally Leadership in Sleep ecosystem
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welspunliving.com MANAGEMENT COMMENTARY “We have achieved a significant milestone in strengthening our balance sheet, moving to a net-cash position. This reflects our continued focus on cash generation, working capital efficiency and disciplined capital allocation, enhancing our financial flexibility and capacity to invest in strategic growth opportunities. Building on a strong start to FY27, we delivered another quarter of robust performance, with revenues growing 16.9% YoY and EBITDA margins expanding to 12.9%. Our broad-based growth reflects the resilience of our business model and our ability to deliver profitable growth through disciplined execution amid an evolving global operating environment. Growth remained broad-based across businesses, with Home Textiles exports growing 18.3% YoY and the Domestic business delivering robust growth of 28.2% YoY. Our Flooring business also continued to strengthen, with margins improving to 10.8%, reflecting the benefits of strategic realignment, operational improvements and a sharper focus on profitable growth. As we progress through FY27, our priorities remain clear: sustaining double-digit revenue growth, maintaining EBITDA margins in the low teens, improving returns on capital and generating strong cash flows. Supported by our integrated manufacturing capabilities, diversified customer and market base, and stronger balance sheet, we are well positioned to capitalize on evolving global sourcing opportunities and structural industry tailwinds, while remaining disciplined in capital deployment and focused on long-term value creation for our stakeholders. Ms. Dipali Goenka Managing Director & CEO, Welspun Living Limited 5
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welspunliving.com QUARTER AT A GLANCE Performance Summary EBITDA ₹370 Crs Margin: 12.9% ▲ 604 bps YoY PAT ₹169 Crs Margin: 5.9% ▲ 536 bps YoY DOMESTIC BUSINESS +28.2% YoY ▲ Home Textile +26.3% YoY; ▲ Flooring +33.4% YoY HOME TEXTILE REV. ₹2,689 Crs EBITDA Margin: 12.0%; ▲ 546 bps YoY ▲ 15.8% YoY FLOORING REV. ₹216 Crs EBITDA Margin: 10.8%; ▲ 876 bps YoY ▲ 19.3% YoY OVERALL BRANDED +32% YoY 22% revenue contribution 6 Q2FY27 CONTEXT TOTAL INCOME ₹2,870 Crs ▲ 1.5% growth QoQ ▲ 16.9% growth YoY INNOVATION 50 Patents ▲ 46% growth YoY PILLOW BUSINESS 2.4X YoY On track to achieve double digit revenue growth 25% revenue contribution
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welspunliving.com QUARTERLY PROFIT & LOSS (₹ Crores) Particulars Q2 FY27 Q2 FY26 YoY Q1 FY27 QoQ Total Income 2,870 2,456 16.9% 2,828 1.5% EBITDA 370 168 120% 354 4.5% EBITDA Margin (%) 12.9% 6.8% +604 bps 12.5% +37 bps Finance Cost 34 43 (21.8%) 34 (1.4%) Depreciation 103 101 1.8% 100 2.3% PBT (after exceptional)* 226 24 - 219 3.2% PAT (after MI & exceptional)* 169 13 - 161 5.2% PAT Margin 5.9% 0.5% +536 bps 5.7% +21 bps Cash Profit 273 110 148% 253 7.6% EPS (₹) (Not Annualised) 1.80 0.13 - 1.69 10.0% Note: Cash Profit = PBDT less Current Tax *Exceptional item 7.2crores 7
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welspunliving.com SEGMENT RESULTS Q2 FY27 (₹ Crores) 93% 7% Home Textile Flooring Q 2 F Y 2 7 R E V E N U E S P L I T Home textile: strong double-digit growth with margin improvement Flooring: Margins expanded to 10.8% (+876 bps YoY) Q2FY27 Home Textile ₹2,689 Revenue ₹323 EBITDA 12.0% Margin Q2FY27 Flooring ₹216 Revenue ₹23 EBITDA 10.8% Margin Q2 FY27 Q2 FY26 YoY Q1 FY27 QoQ H1FY27 H1FY26 YoY HOME TEXTILE Revenue 2,689 2,322 +15.8% 2,680 +0.3% 5,369 4,445 +20.8% EBITDA 323 152 +112.2% 314 +2.8% 637 375 +69.8% EBITDA Margin 12.0% 6.6% +546 bps 11.7% +29 bps 11.9% 8.4% +343 bps FLOORING Revenue 216 181 +19.3% 188 +15.3% 404 375 +7.7% EBITDA 23 4 +524.5% 20 +20.0% 43 20 +115.3% EBITDA Margin 10.8% 2.1% +876 bps 10.4% +43 bps 10.6% 5.3% +531 bps Detailed segment financials 8
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welspunliving.com Channel-wise Revenue (₹ Crores) Business-wise Revenue (₹ Crores) REVENUE MIX — QUARTERLY Q2FY27 Business Breakdown Branded ~22% of sales Mix YoY Global B2B Innovation 639 25% ▲ 46% Global B2B Others 1,213 47% ▼ 1% Domestic B2B 165 6% ▲ 42% Global Branded 383 15% ▲ 33% Domestic Branded 185 7% ▲ 29% Mix YoY HT – B2B 1,744 67% ▲ 12% HT – Branded 516 20% ▲ 31% Adv. Textiles 104 4% ▼ 7% Flooring – B2B 170 7% ▲ 45% Flooring – Branded 52 2% ▲ 35% Innovation ~25% of sales 9 Note: based on gross sales (w/o other operating income)
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welspunliving.com Net Debt Trajectory (₹ Cr) 2,229 1,534 1,354 1,603 775 -2 FY22 FY23 FY24 FY25 FY26 Sep'26 BALANCE SHEET SUMMARY (₹ crores) 10 Particulars Sep-26 Mar-26 Mar-25 Net Worth 5,066 4,917 4,821 Gross Debt 1,905 1,802 2,469 Short Term 902 764 1,455 Long Term 1,003 1,038 1,013 Cash & Equiv. 1,906 1,027 866 Net Debt (2) 775 1,603 Total Assets 11,041 1,04,55 10,307 ROE 13.4% vs 4.2% (Mar’26) ROCE 12.7% vs 5.6% (Mar’26) Net Debt / Equity 0.00x vs 0.16x (Mar’26) Cash Conversion Cycle 44 days vs 82 days (Mar’26) Key Ratios
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welspunliving.com Flooring/Pillow: Effective capacity shown. OPERATIONAL HIGHLIGHTS Manufacturing Capacity & Utilization — Q2 FY27 11 Home Textile Advanced Textile Bath Linen Bed Linen Rugs & Carpets Spunlace Needle Punch Wet Wipes Cap: 96,400 MT Cap: 108 Mn mtrs Cap: 12 Mn sq m Cap: 27,729 MT Cap: 3,026 MT Cap: 100 Mn Packs Q2: 20,063 MT Q2: 20.7 Mn mtrs Q2: 2.2 Mn sq m Q2: 3,135 MT Q2: 265 MT Q2: 4.5 Mn Packs 83% 77% 74% 45% 35% 18% Flooring Pillow — Ohio, Nevada USA Flooring Pillow Cap: 18 (eff) Mn sq mtrs Cap: 10.1 (eff) Mn Pcs Q2: 2.3 Mn sq mtrs Q2: 1.7 Mn Pcs 67%51% Nevada fully commenced production with effect from June 15, 2026
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welspunliving.com OPERATING ENVIRONMENT Tariff Landscape & India’s Competitive Position Section 301 Tariff (24th July 2026) India: Strong, Stable, Sustainable Sourcing Hub India’s Expanding FTA Network: Total home textile market across active FTA partners exceeds $85 Bn Policy Support PLI scheme, textile parks, expanding FTA network covering EU, UK, ASEAN, GCC markets Trade Agreements India-US BTA in advanced talks | India-UK FTA LIVE (Jul’26) | India-EU FTA concluded Jan’26 | India-NZ FTA LIVE (Oct’26) Economic Strength Stable GDP growth, competitive manufacturing base, government push for textile exports Raw Material & Workforce Largest cotton producer, strong workforce, vertically integrated supply chain 12 Commodity & Freight Watch West Asia conflict keeps Brent volatile; fibre & freight costs a swing factor to monitor 12.5% 12.5% 12.5% 10% 10% 10% Turkey Vietnam China Bangladesh Pakistan India India is the largest exporter of cotton terry towel and sheets to US US BTA EU FTA UK FTA ASEAN NZ FTA GCC/UAE
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welspunliving.com SUSTAINABILITY – OUR STRONG SUIT Global No. 1 in S&P CSA 2025 — Textile, Apparel & Luxury Goods S&P Global ESG Score 90/100 GLOBAL RANK 1 | INDIA RANK 1 Score journey: 48 → 59 → 66 → 83 → 90 DJSI Ratings Score: 90/100 Global Rank 1 in Textile, Apparel & Luxury Goods EcoVadis Score: 74/100 Silver Badge — Top 9 percentile CDP Rating Climate Change: B, Water: A- Improved from D to B Progress Against Key Targets 13 Target FY26 H1 FY27 Goal 2030 Carbon Neutral (% RE) 22% 34% 100% 100% Sustainable Cotton 95% 90% 100% Fresh Water (+) in Production operations (KL/MT) 13 10.0 0 Zero Hazardous Waste (MT) 99.71 38.15 0 Impacting 1 Million lives in CSV (cumulative) 1,067,551 515,000 1,000,000 Farmers in sustainable farming (cumulative) 24,566 25,266 50,000 H1 FY27 Environmental Impact 2,016 tons Recycled cotton reused 66,459 GJ Energy saved 2,164 Mn L Recycled water used 92,069+ acres Sustainable cotton farming
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welspunliving.com SHAREHOLDING PATTERN As of September 2026 SBI Life Insurance HSBC Mutual Fund LIC of India Quant Mutual Fund Fidelity 63.8% Promoter Group Holding 14 Top Institutional Shareholders Promoter Group 63.8% FIIs 9.1% DIIs 12.0% Others 14.7% Employee Trust, 0.35%
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welspunliving.com 15 APPENDIX Historical Financials | Awards & Recognition
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welspunliving.com PROFIT & LOSS SUMMARY Historical (₹ Crores) 16 Particulars FY21 FY22 FY23 FY24 FY25 FY26 Total Income 7,408 9,377 8,215 9,825 10,697 9,468 EBITDA 1,420 1,425 874 1,515 1,451 862 EBITDA Margin 19.2% 15.2% 10.6% 15.4% 13.6% 9.1% PAT (After MI) 540 601 199 681 639 204 Cash Profit 1,020 1,070 676 1,240 1,062 624 EPS* (₹) 5.37 6.06 2.02 7.06 6.70 2.14 Note: * FY 22 numbers adjusted for ROSCTL of Q4 FY 21 of Rs.1050 Mn ^ Cash Profit = PBDT less Current Tax *FY26 EPS is after exceptional item
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welspunliving.com BALANCE SHEET SUMMARY (₹ Crores) 17 Particulars FY21 FY22 FY23 FY24 FY25 FY26 Net Worth 3,645 3,972 4,088 4,516 4,821 4,917 Gross Debt 2,841 3,188 2,350 2,521 2,469 1,802 Cash & Equiv. 509 960 816 1,166 866 1,027 Net Debt 2,333 2,229 1,534 1,354 1,603 775 Capital Employed* 7,131 7,905 7,239 8,077 8,604 8,070 Net Fixed Assets (incl. CWIP)^ 3,804 3,988 3,778 3,674 4,211 4,527 Net Current Assets 2,454 2,484 2,314 2,745 2,939 1,817 Total Assets 8,678 9,437 8,650 9,550 10,307 10,455 Note: *Capital Employed = Net worth + Gross Debt + Other long term liabilities | ^Net current assets does not include Cash & cash e quivalents
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welspunliving.com RATIOS SUMMARY 18 Category Ratio FY21 FY22 FY23 FY24 FY25 FY26 Solvency Net Debt/Equity 0.64 0.56 0.38 0.30 0.33 0.16 Net Debt/EBITDA 1.64 1.56 1.76 0.90 1.10 0.90 EBIT/Interest 4.89 7.65 3.32 7.30 4.95 2.90 Operations Current Ratio 1.33 1.37 1.66 1.72 1.68 1.58 Fixed Asset Turnover 1.93 2.33 2.14 2.63 2.50 1.99 Total Asset Turnover 0.85 0.99 0.94 1.01 1.02 0.90 Inventory Days 88 78 89 78 76 84 Debtor Days 59 39 43 47 57 51 Payable Days 54 36 39 34 39 53 Cash Conversion Cycle 93 80 93 91 94 82 Returns ROE 16.3% 15.8% 4.9% 15.8% 13.7% 4.2% ROCE (Pre-tax) 13.8% 13.4% 5.7% 14.6% 12.9% 5.6% Note: ▪ ROCE = EBIT / Average Capital Employed & ROE = Net Profit / Average Net worth ▪ Total asset turnover = Sales/ (Fixed assets + Gross current assets)
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welspunliving.com AWARDS & RECOGNITION Recent Accolades 19 TEXPROCIL 2026 Platinum Trophy – for Highest Global Exports in the Industry May Day Award 2026 Wins “Best Management” Award at Telangana Govt. May Day Awards 2026 TEXPROCIL 2026 Gold Trophy – Innovation Leaders S&P Global #1 World No. 1 in S&P Global ESG Ranking for Textile, Apparel & Luxury Goods (2025) — Score 90/100 TEXPROCIL 2026 Gold Trophy – Excellence in ESG BW Businessworld Rank One by Business World Magazine at the 5th edition of India’s Most Sustainable Companies in Consumer Services, Retail and Entertainment
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THANK YOU For further queries, contact : Mr. Manish Bansal CFO – Welspun Living Limited Email : manish_bansal@welspun.com Ms. Bharti Agarwal Mr. Harsh Rungta Head – Investor Relations Head - Investor Relations Welspun Living Limited Welspun Group Email : bharti_agarwal@welspun.com Email : harsh_rungta@welspun.com Connect with us: /TheWelspunGroup /WelspunGroup /welspungroup /company/welspun-group