Shares of Welspun Living surged 10.56% to Rs 176.70 in Friday’s trading session after the home-textile major reported a strong Q1FY27 performance, marked by robust revenue growth, a sharp rise in profit and improving operating margins. Brokerage firm Motilal Oswal Financial Services reiterated its ‘Buy’ rating on the stock with a target price of Rs 215, indicating further upside from current levels.
The company’s consolidated profit for the June quarter jumped 85% year-on-year (YoY) to Rs 161 crore, compared with Rs 87 crore in the corresponding quarter last year. Revenue from operations rose 24% YoY to Rs 2,795 crore, from Rs 2,261 crore a year earlier.
