How do I insert watermark in MS Excel?
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Using MS Excel, it is not possible to insert watermark.

References:

Excel 2007
Excel 2003

Using Essential XlsIO, a text or image watermark can be inserted as mentioned in the below workaround:

To insert a text watermark, one can take the image of a watermark and insert in the worksheet as background. Image watermark can also inserted using the same method. Please refer to the codesnippet that illustrates this:

C#
// Set the image as sheet background
sheet.PageSetup.BackgoundImage = new System.Drawing.Bitmap(@"image.png");
VB
' Set the image as sheet background
sheet.PageSetup.BackgoundImage = New System.Drawing.Bitmap("image.png")

Sample
http://websamples.syncfusion.com/samples/KB/XlsIO.Windows/Watermark/main.htm

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