Welspun’s Q3’26 profits almost disappeared due to the slowdown in US tariffs

Indian textile maker Welspun Living, which exports to global retailers including Walmart and Tesco, posted a slump in quarterly profit on Thursday after a US tariff-induced slowdown in exports put pressure on its margins. Welspun’s consolidated net profit stood at 2.1 million rupees ($23,178.81) for the three-month period ended December 31, down sharply from 1.21 […]