Textiles

Arvind Ltd Q2 net profit rises 70% to ₹106.7 crore, revenue at ₹2,371 crore

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

Mukul Agrawal owned stock up 10%; ICICI Sec sees 33% upside; details here

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.

Shopping from Zara, H&M to get costlier: Impact of GST 2.0 on textiles

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%

US tariff impact: India Ratings downgrades textiles, diamonds outlook

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

Looms of luxury: Textiles to celebrate with this festival season

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

Artisans, weavers bodies urge Centre to scrap GST on textiles, handicrafts

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

UP scouts new markets as US tariffs hit textiles, jewellery and leather

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

India's trade dilemma: Shield farmers, textiles or risk US cotton tariffs

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

Datanomics: How India-UK CETA can boost trade from textiles to whiskeys

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

India-UK FTA to open new opportunities for textiles, boost footwear exports

The India-UK free trade agreement is expected to significantly boost India's textile and footwear exports, unlocking Rs 7,000 crore in additional business and accelerating growth in the sector

806 applications approved so far under PLI schemes across 14 sectors

The government on Tuesday said as many as 806 applications have been approved under the Production Linked Incentive (PLI) schemes across 14 sectors as on date. The schemes for 14 key sectors including telecom, electronics, pharma, textiles and auto were announced with an outlay of Rs 1.97 lakh crore to enhance India's manufacturing capabilities and exports. It was announced in 2021. "As on date, 806 applications have been approved under PLI schemes across 14 sectors," Minister of State for Commerce and Industry Jitin Prasada said in a written reply to the Lok Sabha. He said that actual investment of Rs 1.76 lakh crore has been realised till March 2025 across 14 sectors, which has resulted in incremental production/sales of over Rs 16.5 lakh crore and employment generation of over 12 lakh (direct and indirect jobs). The pharmaceuticals sector has witnessed cumulative sales of Rs 2.66 lakh crore, which includes exports of Rs 1.70 lakh crore achieved in the first three years of the ..

Task Force on textile exports to tackle sectoral issues: Commerce Ministry

A task force on textile exports will create a unified platform to address critical issues concerning the sector to boost outbound shipments, the Commerce Ministry said on Wednesday. The country aims to increase textile exports to USD 100 billion by 2030-31. The first meeting of the task force was held on June 10 under the chairpersonship of Commerce Secretary Sunil Barthwal to discuss issues and strategies for enhancing textiles exports from India, besides increasing share in global markets. Barthwal said the primary objective of the task force is to create a unified platform for addressing critical issues concerning the textile sector by involving all relevant stakeholders. Special Secretary, Department of Commerce, Rajesh Agrawal said there is a need to focus on innovations keeping in view the latest trends to garner a higher share of the export market. Textiles is one of the key focused sectors identified by the Department of Commerce for promoting exports. While the governmen

Mukul Agrawal portfolio smallcap textile stock tanks 17%; here's why

Indo Count Industries said it deferred the volume and margin guidance amid ongoing US tariff uncertainty leading to strategy and portfolio re-jig by retailers in the US.

Arvind Q3 result: Profit jumps 13% on strong festive demand for textiles

The festive season, running from September to January, traditionally contributes significantly to retailers' annual sales as consumer spending surges during the period

US adds textile cos to Uyghur Forced Labor Prevention Act Entity List

These goods are not allowed to enter the US as the forced labour used behind these goods is against the human rights of Uyghurs

Jute sector highlights key issues at standing advisory committee meeting

The Indian Jute Mills Association highlighted several pressing issues at the 32nd Standing Advisory Committee (SAC) meeting in New Delhi, including the challenges faced by the sector due to declining demand for jute bags, officials said. Key stakeholders such as representatives from the sugar and plastic industry bodies participated in the meeting on Tuesday. The SAC makes recommendations to the Union government on the mandatory use of jute packaging materials, and packaging norms for essential commodities such as foodgrains and sugar. The Jute Commissioner's Office (JCO) stressed upon the need for supporting the sector, the IJMA officials said. An estimated 40 million farmers and 3.5 lakh jute mill workers are dependent on the industry. The representatives of sugar industry bodies raised concerns about the pricing and quality of jute bags, urging the government to fix rates for sugar jute bags. "They also noted the reluctance by major buyers like some beverage giants to use jute

'EU laws on sustainable products to hurt exports from developing nations'

Since most products covered are consumer products, the price rise may lead to inflation in the EU, the report said

Gems, jewellery and textiles sectors seek sops from Rajasthan govt

According to the trade body, in April 2024, exports saw a decline of over 5.3 per cent to around Rs 18,832 crore, while in April last year, exports were more than Rs 19,892 crore

Welspun Living Q4 results: Net Profit increases 16% to Rs 146 crore

Analysts expect a further increase in demand and easing prices of key raw materials, such as cotton, to boost textile firms' bottomline in the next few quarters as well

Swan Energy raises Rs 3,000 cr via QIP of shares priced at Rs 670 apiece

Swan Energy on Thursday said it has raised Rs 3,000 crore from qualified institutional placement of shares which were priced at Rs 670 apiece. The issue got interest from qualified institutional investors including Quant Mutual Fund, SBI Life, LIC, LIC Mutual Fund, Tata Mutual Fund, Infini Mutual Funds, SBI General Insurance, BNP Paribas Mutual Fund, Nomura, Goldman Sachs, Future Generali, Anand Rathi, and other domestic and foreign institutions and family offices, the company said. The fund will be deployed to modernise the recently acquired Reliance Naval and Engineering's shipyard at Pipavav. Additionally, a portion of the fund will be allocated for project expansion and debt reduction. Paresh Merchant, an executive director of Swan said taking management control of Reliance Naval -- the largest defence shipyard in the country -- aligns with their vision to emerge as a leading private player in the manufacture of defence, commercial, and oil and gas vessels. The company aims to