Brokerage firm Motilal Oswal Financial Services initiated coverage on 8 companies across apparel and home textiles, with Gokaldas Exports, Arvind, and Indo Count Industries as high-conviction picks.
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
An earlier trade agreement between India and the US lowered the reciprocal duties to 18 per cent from 25 per cent, after the US withdrew a separate punitive tariff of 25 per cent
Welspun's consolidated net profit came in at 2.1 million rupees ($23,178.81) for the three-month period ended December 31, sharply down from 1.21 billion rupees in the year-ago period
Despite today's decline, in the past one month, these stocks have outperformed the market, surging up to 33 per cent, as against 0.56 per cent rise in the benchmark Sensex.
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