Textiles

Welspun Living Ltd on Friday reported a 20 per cent decline in consolidated net profit to Rs 106.16 crore in the fourth quarter ended March 31, 2026, impacted by US tariff disruptions and the West Asia conflict. The home textiles manufacturer, which had posted a consolidated net profit of Rs 132.8 crore in the corresponding period of the preceding fiscal, said its board has approved a Rs 252 crore share buyback proposal. Consolidated revenue from operations in the fourth quarter of FY26 stood at Rs 2,435.43 crore as against Rs 2,645.9 crore in the year-ago period, Welspun Living said in a regulatory filing. Total expenses in the quarter under review stood at Rs 2,326 crore, compared to Rs 2,479.83 crore in the same period a year ago. The board of directors in its meeting held on May 15, 2026, also recommended a final dividend of 10 paisa per equity share with a face value of Re 1 each for FY 2025-26, subject to shareholders' approval at the ensuing annual general meeting. For FY26

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India's textile exports, including those of handicrafts, increased by 2.1 per cent to Rs 3.16 lakh crore in the financial year ended March 2026 from Rs 3.09 lakh crore a year ago, the textile ministry said on Wednesday. The growth comes despite the sector facing steep tariffs imposed by the US, its largest export destination, for most of the financial year. The reciprocal tariff regime began with 10 per cent on April 2, 2025 and was rapidly escalated. Rates for India rose to 25 per cent by August 7, 2025 and to 50 per cent by August 28, remaining at that level until early February 2026. Following the US Supreme Court's decision against the sweeping tariffs imposed by President Donald Trump on a number of countries, the Trump administration imposed a 10 per cent tariff on all countries from February 24 for 150 days. This performance reflects steady global demand for Indian textile products and the continued competitiveness of the sector across major product categories, the textile .

The government has halved benefits under the RoDTEP scheme for exporters in textiles, and gems & jewellery, restricting incentives to 50% of notified rates and value caps with immediate effect.

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The government has further extended the deadline for submission of fresh applications under the Production Linked Incentive (PLI) Scheme for Textiles till March 31. The extension follows the significant response received since the application portal was reopened in August 2025, with proposals being submitted by textile companies across priority areas, including man-made fibre (MMF) apparel, MMF fabrics, and technical textiles, the textile ministry stated. In October, the government had extended the last date for filing fresh applications under the PLI scheme for the textiles sector till December 31, which has now been further extended till March this year. "The decision underscores the growing investor confidence in India's textile sector and aims to facilitate wider participation by offering additional time to eligible applicants," the ministry said. PLI Scheme for Textiles was notified on September 24, 2021 with an objective to promote production of MMF apparel & fabrics and ...

After years of policy hurdles, the sector finally has a clear path to scale and compete

Arvind Ltd noted strong growth in the fabric segment during the quarter despite the impact of US tariffs. Revenue was up 8.4 per cent to ₹2,371 crore, driven by textile growth

Shares of Indo Count Industries rallied 10% to ₹307.79 on the NSE in Tuesday's intra-day trade after ICICI Securities recommended a BUY rating on the stock with a price target of ₹370 per share.

From Sept 22, clothes and accessories priced above ₹2,500 will face 18% GST, up from 12%, making mid-range brands costlier while GST on lower-priced textiles remain at 5%

India Ratings downgraded its outlook for textiles and cut and polished diamonds to deteriorating, warning of tariff risks, weaker cash flows and SME stress in H2 FY26

From jacquard cashmere to artisanal alpaca blends, textiles as heirlooms or work of art are all the rage this celebration season

Artisans and weavers seek zero GST on handlooms and handicrafts citing sectoral distress, while the fertiliser industry urges GST rate cut on inputs and refund of blocked tax credits

Uttar Pradesh looks to Latin America, Europe, Africa and South-East Asia for exports as US tariffs squeeze textiles, jewellery and leather, with a new policy aiming Rs 5 trillion exports by 2030

Losing access to the US consumer may hurt India's farm economy more than slashing its 39 per cent average tariff on imported produce

The CETA will allow duty-free access to 95 per cent of India's agriculture exports to the UK, which accounts for a bit over five per cent of the goods exported to the UK