ANNUAL REPORT

Indian Textile &

Apparel Industry
2025
 Contents
• Global Industry Overview 3

• Indian Industry Overview 9

• Indian Production & Trade Statistics 17

• Leading Indian Companies 27

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2
Global Industry Overview
 Global Apparel Market Size

Values in US$ Bn.

2024 CAGR CAGR 2030 The global apparel market

Region 2019 2021 2022 2023
(E) 2019-24 2024-30 (P) (P) is estimated to be US$ 1.8
trillion in 2024.
EU-27 300 297 304 315 316 1% 1% 345
It is expected to reach US$
United States 240 260 272 281 288 4% 3% 345 2.3 trillion by 2030, growing
at a CAGR of 4% from 2024.
China 184 219 173 190 187 0.3%* 5% 250

India 78 80 92 102 108 7% 8% 175

UK 40 34 43 46 52 5% 3% 62

Japan 101 78 66 61 55 -11%* 1% 60

Brazil 48 39 39 49 51 1% 2% 57

Canada 23 22 19 27 25 2% 2% 28

RoW 613 438 646 633 734 4% 5% 978

World 1,628 1,468 1,655 1,703 1,817 2% 4% 2,300

Note – Low growth rate in Chinese and Japanese market is mainly due to the currency depreciation against the US Dollar
Data Source – Euratex, US Census Bureau, HKTDC, METI Japan, TEXBRASIL, Statistics Canada, IMF, and Wazir Analysis
4
 Global Textile and Apparel Trade

Values in US$ Bn.

In 2024, the global textile

and apparel trade was
estimated to be US$ 875
937 billion, having grown at 1%
869 858 875 CAGR since 2019.
840 104
771 106 95
70 58
51 Apparel was the largest
60 56
142 traded category with a
49 515 share of approx. 60% in
2024.
544
482 492 503
410

150 133 360

121 119
99
52 40 54 54 48
34 31 36 44 37
2019 2020 2021 2022 2023 2024 (E)

Fibre Yarn Fabric Textile* Apparel Home Textiles Others Total

* Textile includes Fibre, Yarn, Fabric, Home Textiles, and Others

Data Source – UN Comtrade and Wazir Analysis
5
 Global Textile and Apparel Trade – Country Ranking

Values in US$ Bn.

Exports Value (2024)*

Total T&A China was the largest
Rank Country Share %
Textile Apparel
Export exporter in 2024 with a
global trade share of
1 China 144 151 296 34% approximately 34%.

2 Extra EU-27** 28 38 66 8% Vietnam emerged as the

2nd largest exporter
3 Vietnam 7 37 44 5% followed by Bangladesh
and India.
4 Bangladesh 3 38 42 5%

5 India 21 16 37 4%

6 Turkey 15 18 32 4%

7 USA 14 6 20 2%

RoW 128 211 339 39%

World 360 515 875 -

* Advanced Estimates
** Includes T&A exports to countries excluding EU-27
Data Source – Customs Statistics, Eurostat, GSO, EPB, DGCI&S, TUIK, OTEXA and Wazir Analysis
6
Key Happenings in 2024

Trend Reversal: Signs of Recovery

The textile and apparel market is beginning to recover following the challenges of 2023. Improving consumer
01 sentiment, a gradual resurgence in demand for casual & athleisure wear and easing supply chain disruptions
were the key drivers of this change. While the recovery remains cautious, it signals a potential positive
trajectory for the industry.

Geopolitical Conflicts: Continued Impact on the Industry

The ongoing Russia-Ukraine war remained a major reason of high inflation and subdued consumer demand
02 across Europe. The Red Sea conflict disrupted freight costs and transit times in the early 2024, adding to
logistical challenges. Meanwhile, civil unrest in Bangladesh following the change in leadership, impacted the
country’s supply chain.

Sustainable Transformation: Transition towards Circularity and Sustainability

The global textile industry is accelerating its adoption of initiatives aligned with circular economy &
03 sustainability principles, with each passing year. It is being driven by emphasis of policymakers as well as
fashion brands and retailers. This collective push is fostering innovation in materials, production processes, and
waste management.

7
What to Expect in 2025?

Improved Prospects in Global Trade: A Year of Recovery

01 With threat of recession in the west now in hindsight, coupled with the potential end of Russia-Ukraine war,
demand growth is expected to revive. The supply chain disruptions that have hindered trade in recent years
are anticipated to ease, further contributing to overall industry recovery and growth.

Higher Tariffs on China: Reduced Trade Share and Investment Outflow

02 Possibility of higher tariff on Chinese originating goods by US will lead to further reduction in China’s global
trade share. The ongoing trend of shifting trade & investment to countries like Bangladesh, Vietnam,
Cambodia, and India is poised to persist, fostering export growth in these nations.

Sourcing Consolidation: Buying More from Less

03 In the last few years, buyers have increasingly embraced an integrated sourcing approach, favoring fully
vertically integrated suppliers over smaller, fragmented ones. This trend is set to accelerate, driving the rapid
and continued consolidation of smaller players into fully integrated suppliers.

Digitalization & AI: Growing Influence in the Textile Sector

04 Digitalization & AI are progressively being integrated into the textile sector in process control, demand
forecasting, quality control, inventory management, etc. With likely positive results, role of these technologies
is expected to expand, transforming various aspects of the industry.

8
Indian Industry Overview
India’s Textile and Apparel Market Size

Indian textile and apparel

market size is estimated to
Indian T&A Market be US$ 184 billion in 2024-
Size (2024-25)* 25.
US$ 184 Bn
Domestic market
contributes ~80% to the
market size while exports
Domestic
Exports
have a share of ~20%.
Market
US$ 37 Bn
US$ 147 Bn Within domestic market,
apparel accounts for ~75%
share.

Technical
Apparel Home Textiles Apparel Textiles
Textiles
US$ 108 Bn US$ 11 Bn US$ 16 Bn US$ 21 Bn
US$ 28 Bn

* Advanced Estimates
Data Source – DGCI&S and Wazir Analysis
10
 India’s Domestic Textile and Apparel Market

Values in US$ Bn.

The Indian domestic T&A

market has grown from
250* US$ 106 billion in 2019-20 to
16
US$ 147 billion in 2024-25,
registering a CAGR of 7%.
54
The market needs to grow
at 9% CAGR from 2024-25
147 to reach US$ 250 billion by
138
125
10
11 2030-31, which is the target
106 110 9 28 set by Ministry of Textiles,
26
8 8 24 Govt. Of India.
80 22 180
20
7
18
102 108
92
78 80
55

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 (E) 2030-31 (P)

Apparel Technical Textiles Home Textiles

* Target of Ministry of Textiles, GoI

Data Source – DGCI&S, Ministry of Textiles and Wazir Analysis
11
 India’s Textile and Apparel Exports

Values in US$ Bn.

India’s T&A exports have

grown with a CAGR of 2%
since 2019-20 to reach US$
37 billion in 2024-25.
43
2 Apparel forms the largest
36 37
34 7 35 share of the exports
2 2
2 31 2 accounting for approx. 45%
6 6 in 2024-25.
5 2 6
6 16
The Ministry of Textiles has
16 16 15 16 set an ambitious target to
12 achieve US$ 100 billion in
6
exports by 2030-31,
5 4 5 5 5 necessitating an
8
5 4 5 6 6 accelerated growth rate of
2 3 4 2 2 2 14% from 2024-25.
2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 (E)

Fibre Yarn Fabric Apparel Home Textiles Others

Data Source – DGCI&S and Wazir Analysis

12
 India’s Textile and Apparel Imports

Values in US$ Bn.

India’s T&A imports have

grown with a CAGR of 1%
since 2019-20 to reach US$
10.6 9.2 billion in 2024-25.
0.8 9.2
0.3 8.9 The imports of fabric holds
8.6 8.3
1.8 0.8 the largest share of ~30%
0.8 0.3
0.8
0.8 0.3 followed by fibre, which is
1.5
0.2 2.6 1.5
1.5 25%.
5.9 1.3
2.7
1.1 2.5
0.8 2.5
0.2
2.3 0.9 2.3

1.7 2.0 1.7

1.9
0.5
1.3

2.4 1.1 1.5 2.8 1.8 2.3

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 (E)

Fibre Yarn Fabric Apparel Home Textiles Others

Data Source – DGCI&S and Wazir Analysis

13
 India’s Position in Global Trade

Values in US$ Bn.

2018 2023
Category India was among the top 5
Export Value Global Rank Global Share Export Value Global Rank Global Share global exporters of natural
Fibre 3.2 4th 9% 1.6 5th 4% fibre, natural spun yarn,
MMF spun yarn, filament
Natural 2.6 3rd 10% 1.2 5th 5%
yarn, woven fabric and
Manmade 0.6 8th 5% 0.4 9th 3% home textiles in 2023.
Yarn 6.2 2nd 12% 5.4 2nd 11%
Spun 4.8 2nd 16% 4.5 2nd 17%
Natural 4.1 2nd 19% 3.9 1st 20%
Manmade 0.7 3rd 8% 0.6 4th 9%
Filament 1.4 2nd 6% 0.9 4th 4%
Fabric 4.1 6th 3% 4.3 4th 4%
Knit 0.4 10th 1% 0.5 10th 1%
Woven 3.7 3rd 4% 3.8 3rd 5%
Apparel 15.6 7th 3% 14.5 8th 3%
Knit 7.6 7th 3% 6.7 8th 3%
Woven 8.1 7th 3% 7.8 9th 3%
Home Textiles 5.4 2nd 10% 5.8 2nd 10%

Data Source – UN Comtrade and Wazir Analysis

14
Key Happenings in 2024

Revival in Exports
01 After a sluggish performance in the past couple of years, textile and apparel exports showed signs of recovery
in FY2024-25. However, the overall growth over the last five years has been modest, at just 2% CAGR.

Quality Compliance Orders

02 Quality Compliance Orders (QCOs) dominated discussions for the better part of the year, with value chain
stakeholders either strongly opposing or supporting them based on their position in the supply chain.
However, the implementation of QCOs for both manmade fibers and cotton were deferred by a year.

High Growth of Sportwear and Athleisure

03 Sportswear and Athleisure garment demand witnessed a significant surge, driven by rising health
consciousness and the growing preference for comfort-centric apparel. Organized brands in this segment,
from D2C to large multinational ones, registered revenue growth in the range of 15-20%.

New State Policies

04 States such as Andhra Pradesh, Gujarat, and Tamil Nadu announced revised/new textile sector policies aimed
at enhancing investment, employment and exports.

15
What to Expect in 2025?

Industry Consolidation
The growth slowdown in recent years has placed small and inefficient companies under financial strain,
01 accelerating industry consolidation. This trend is expected to persist, with the key beneficiaries being
companies that prioritize vertical integration and capacity expansion to achieve scale and enhance their
competitiveness.

Growth of Mass Market Brands

Mass market brands and retailers like Zudio, Vishal, V2 and V-mart will continue driving growth by offering
02 affordable and stylish apparel, catering to value-conscious consumers. Their focus on competitive pricing and
retail expansion, even in smaller towns, is reshaping the retail landscape and bridging the gap between
premium and unbranded segments.

GST Threat on Domestic Demand

In recent months, a proposal to increase the GST rate on higher-priced garments has raised concerns. While
03 aimed at taxing premium products, the move could also impact demand for wedding wear, woolen wear,
handmade products, etc. If implemented, this change is likely to exert downward pressure on the industry’s
overall growth.

Accelerating Sustainability Trends

As pressure from Western brands intensifies, exporters are rapidly embracing sustainable practices. Larger
04 domestic brands and their suppliers are expected to follow suit soon. This trend is set to gain momentum in
the coming year, with an increased emphasis on eco-friendly production, resource efficiency, and circularity to
meet evolving consumer demands and global expectations.

16
Indian Production &
Trade Statistics
 Staple Fibre and Filament Yarn Production

Values in Mn. kg

2023-24
Fibre 2019-20 2023-24 CAGR Total production of staple
Share (%)
fibre and filament yarn in
Cotton 6,205 5,529 50% -3% India was 11 billion kg. in
2023-24, with cotton fiber
Silk 36 39 0.4% 2% having the highest share of
50%.
Wool 45 34 0.3% -7%
Highest growth was
Others (Jute, Mesta) 1,683 1,745 16% 1% reported in production of
Viscose staple fibre that has
Natural Fibre 7,969 7,346 67% -2%
increased at a CAGR of 9%
from 2019-20.
Polyester Staple Fibre 1,085 1,020* 9% -2%

Viscose Staple Fibre 578 810 7% 9%

Others 74 74* 1% 0%

Manmade Staple Fibre 1,737 1,904 17% 2%

Manmade Filament Yarn 1,688 1,800* 16% 2%

Total Fibre 11,394 11,050 - -1%

* Advanced Estimates
Data Source – Cotton Corporation of India, Central Silk Board, Ministry of Textiles, Department of Agriculture, Grasim Industries Annual Report and Wazir Estimates
18
 Staple Fibre Exports

Values in US$ Mn.

2023-24
Fibre 2019-20 2023-24 CAGR India exported staple fibre
Share (%)
worth approx. US$ 1.9
Cotton 1,057 1,117 60% 1% billion in 2023-24. Cotton is
the largest exported fibre
Silk 14 40 2% 30% with a share of 60% in
2023-24.
Wool 26 10 0% -21%
Exports of major
Others (Jute, Mesta) 291 308 16% 1% manmade staple fibres of
India i.e. Polyester and
Viscose, have declined
Natural Fibre 1,388 1,475 79% 2%
despite higher production
indicating high domestic
Polyester Staple Fibre 289 224 12% -6%
demand.
Viscose Staple Fibre 148 139 7% -2%

Others 66 38 2% -13%

Manmade Staple Fibre 503 401 21% -6%

Total Fibre 1,891 1,876 - 0%

Data Source – DGCI&S

19
 Staple Fibre Imports

Values in US$ Mn.

2023-24
Fibre 2019-20 2023-24 CAGR India imported staple fibre
Share (%)
worth US$ 1.8 billion in
Cotton 1,328 599 34% -18% 2023-24, which has
declined at a CAGR of -7%
Silk 165 153 9% -2% since 2019-20.

Wool 248 249 14% 0% Cotton used to be the

highest imported staple
Others (Jute, Mesta) 149 323 18% 21% fibre for India, which lost its
share from 56% in 2019-20
to 34% in 2023-24.
Natural Fibre 1,890 1,324 75% -9%

Polyester Staple Fibre 134 66 4% -16%

Viscose Staple Fibre 112 177 10% 12%

Others 245 191 11% -6%

Manmade Staple Fibre 491 434 25% -3%

Total Fibre 2,382 1,758 - -7%

Data Source – DGCI&S

20
 Manmade Filament Yarn Exports and Imports

Values in US$ Mn.

2023-24
Exports 2019-20 2023-24 CAGR India exported US$ 0.9
Share (%)
billion manmade filament
Polyester filament yarn 1,094 695 79% -11% yarn and imported US$ 1.4
billion in 2023-24.
Viscose filament yarn 37 42 5% 3%
Since 2019-20, import of
Nylon filament yarn 32 3 0.3% -45%
polyester filament yarn has
Others 59 142 16% 25% increased with a CAGR of
36% and that of viscose
Total Manmade Filament Yarn 1,221 882 - -8% filament yarn has
increased at 23% CAGR.
2023-24
Imports 2019-20 2023-24 CAGR Despite growth in
Share (%)
production, the exports
Polyester filament yarn 177 610 45% 36% have declined at -8% CAGR
and imports have
Viscose filament yarn 161 364 27% 23% increased at 14% CAGR,
showcasing strong
Nylon filament yarn 67 53 4% -6%
demand.
Others 402 334 24% -5%

Total Manmade Filament Yarn 807 1,361 - 14%

Data Source – DGCI&S

21
 Spun Yarn Production

Values in Mn. kg

2022-23 2023-24 %
Yarn 2019-20 2022-23 CAGR India’s total spun yarn
(Apr – Jun) (Apr – Jun) Change
production was 5.2 billion
kg. in 2022-23, which has
declined at a CAGR of 3%
since 2019-20.
Cotton yarn 3,962 3,441 -5% 903 952 5%

Cotton yarn alone holds

approx. 65% of total spun
yarn production.

In 2023-24 first quarter, a

Blended & 100% Non-cotton growth of 3% is recorded
1,702 1,744 1% 447 432 -3%
yarn against first quarter of
2022-23.

Total Spun Yarn 5,664 5,185 -3% 1,350 1,384 3%

Data Source – Ministry of Textiles, Government of India

22
 Spun Yarn Exports and Imports

Values in US$ Mn.

2023-24
Exports 2019-20 2023-24 CAGR In 2023-24, India’s total
Share (%)
spun yarn exports stood at
Cotton spun yarn 2,774 3,792 83% 8% US$ 4.6 billion, which had
increased at a CAGR of 6%
Manmade spun yarn 680 595 13% -3%
since 2019-20.

India imported approx.

Other spun yarn (Silk, Jute) 138 173 4% 6%
US$ 0.6 billion worth of
spun yarn in 2023-24.
Total Spun Yarn 3,593 4,560 - 6%
Imports of manmade spun
yarn holds a share of 58%
2023-24
Imports 2019-20 2023-24 CAGR in 2023-24 indicating high
Share (%)
demand.
Cotton spun yarn 19 27 5% 9%
Both exports and imports
Manmade spun yarn 334 341 58% 1%
for spun yarn has
increased since 2019-20 at
6% and 5% CAGR,
Other spun yarn (Silk, Jute) 126 223 37% 15% respectively.

Total Spun Yarn 478 591 - 5%

Data Source – DGCI&S

23
 Fabric Exports and Imports

Values in US$ Mn.

2023-24
Exports 2019-20 2023-24 CAGR India exported fabric worth
Share (%)
US$ 4.1 billion in 2023-24
Cotton Woven 1,905 1,983 48% 1% which has declined at -5%
Synthetic Woven 1,873 1,477 36% -6% CAGR since 2019-20.
Despite decrease, woven
Other Woven 866 189 5% -32% fabrics dominated the total
Woven Fabric 4,644 3,649 89% -6% fabric exports with a share
of 89%.
Knitted Fabric 422 472 11% 3%

Total Fabric 5,066 4,121 - -5% India imported fabric

worth US$ 1.6 billion in
2023-24 which has
2023-24
Imports 2019-20 2023-24 CAGR declined at -9% CAGR
Share (%)
since 2019-20. Knitted
Cotton Woven 182 235 15% 7% fabric followed by
Synthetic Woven 801 419 27% -15% synthetic woven holds
highest share among total
Other Woven 791 189 12% -30% imported fabric.
Woven Fabric 1,774 843 54% -17%

Knitted Fabric 550 728 46% 7%

Total Fabric 2,324 1,571 - -9%

Data Source – DGCI&S

24
 Garment and Made-ups Exports and Imports

Values in US$ Mn.

2023-24
Exports 2019-20 2023-24 CAGR India exported garments
Share (%)
worth US$ 14.5 billion in
Cotton Garments 8,205 7,988 55% -1% year 2023-24, declined at a
CAGR of -2% since 2019-20.
Synthetic Garments 3,371 4,314 30% 6% Made-ups exports also
dipped at -5% CAGR in the
Other Garments 3,933 2,243 15% -13%
same period to reach
Garments 15,510 14,545 - -2%
approx. US$ 5.6 billion.

Made-ups 6,941 5,586 - -5% India imported US$ 1.5

billion worth of garments
2023-24
and US$ 0.6 billion worth
Imports 2019-20 2023-24 CAGR of made ups in 2023-24.
Share (%)
Imports of synthetic
Cotton Garments 464 662 44% 9% garments has increased at
17% CAGR since 2019-20.
Synthetic Garments 336 625 42% 17%

Other Garments 345 202 14% -13%

Garments 1,144 1,489 - 7%

Made-ups 1,022 641 - -11%

Data Source – DGCI&S

25
 Technical Textiles Exports and Imports

Values in US$ Mn.

India’s exports of technical

2,978 textiles in 2023-24 was
approx. US$ 2.1 billion, and
2,641 that in 2024-25 is
2,423 2,370 estimated to be US$ 2.3
2257 billion declined at a CAGR
2,107
2,034 of -1% since 2019-20.
1,703
1,607 The imports of technical
1,395 textiles in 2023-24 was
1,293 1,237 approx. US$ 1.3 billion, and
estimated to be US$ 1.2
billion which has declined
at a CAGR of -6% since
2019-20.

2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 (E)

Exports Imports

Data Source – DGCI&S and Wazir Analysis

26
Leading Indian Companies
 Leading Indian Public Listed Companies (1/4)

Values in US$ Mn.

2023-24 5Yrs Sales 2024-25 2024-25 H1

# Company Name Products
Sales CAGR H1 Sales EBITDA%

1 Grasim Industries* Cellulosic fibre, filament yarn, fabric 2,030 7% 1,069 11%
2 PDS** Apparel, accessories, home textile sourcing 1,235 10% 706 4%
3 Vardhman Textiles Fibre, yarn, fabric, apparel 1,107 8% 563 14%
4 Welspun Living Home textiles 963 8% 544 11%
5 Arvind Limited Fabric, apparel 845 2% 442 9%
6 Trident Yarn, home textiles 801 5% 410 13%
7 Raymond Lifestyle Fabric, apparel 778 3% 274 9%
8 Alok Industries Yarn, fabric, apparel, home textiles 638 11% 217 -1%
9 Page Industries Innerwear, apparel, socks 545 10% 300 21%
10 Filatex India PET chips, polyester yarn, specialty yarn, fabric 510 8% 250 5%
11 RSWM Yarn, fabric 483 7% 283 4%
12 KPR Mill Yarn, fabric, apparel 483 6% 252 20%
13 Indo Rama Synthetics (I) PET chips, polyester fibre, polyester yarn 441 17% 211 2%
14 Indo Count Industries Home textiles 397 13% 235 15%
15 Nahar Spinning Mills Yarn, apparel 363 6% 195 4%
Conversion Rate: US$ 1 = Rs. 84 * Segment Numbers
Data Source – screener.in, Standalone financial numbers of public listed textile companies have been considered ** Consolidated revenue
28
 Leading Indian Public Listed Companies (2/4)

Values in US$ Mn.

2023-24 5Yrs Sales 2024-25 2024-25 H1

# Company Name Products
Sales CAGR H1 Sales EBITDA%

16 Nitin Spinners Yarn, fabric 345 19% 191 15%

17 Sutlej Textiles and Industries Yarn, home textiles 318 1% 158 3%
18 Sangam India Yarn, fabric, apparel 315 7% 163 8%
19 Himatsingka Seide Fibre, yarn, home textiles 303 8% 141 20%
20 Sportking India Yarn, fabric, apparel 283 15% 153 11%
21 Lux Industries Innerwear, apparel 277 14% 144 9%
22 Gokaldas Exports Apparel 255 13% 142 9%
23 Siyaram Silk Mills Yarn, fabric, apparel, home textiles 248 3% 109 9%
24 Mafatlal Industries Fabric, apparel, technical textiles 247 15% 172 4%
25 Nandan Denim Yarn, fabric, apparel 239 7% 187 4%
26 SRF* Technical Textiles 226 2% 126 -
27 Jindal Worldwide Fabric, home textiles 221 -3% 130 7%
28 Century Enka Filament yarn, tyre cord fabric 208 -1% 127 8%
29 Bombay Dyeing PET chips, polyester staple fibre, home textile 201 -18% 99 -4%
30 Dollar Industries Innerwear, apparel 184 9% 91 11%
Conversion Rate: US$ 1 = Rs. 84 * Segment Numbers
Data Source – screener.in, Standalone financial numbers of public listed textile companies have been considered
29
 Leading Indian Public Listed Companies (3/4)

Values in US$ Mn.

2023-24 5Yrs Sales 2024-25 2024-25 H1

# Company Name Products
Sales CAGR H1 Sales EBITDA%

31 Nahar Industrial Enterprises Yarn, fabric, apparel 175 -5% 85 3%

32 Vishal Fabrics Fabric 173 8% 86 8%
33 AYM Syntex Yarn 162 6% 89 8%
34 Garware Technical Fibers Technical textiles 151 5% 90 21%
35 Banswara Syntex Yarn, fabric, apparel, technical textiles 150 -1% 73 7%
36 Rupa and Company Innerwear, apparel 142 2% 60 10%
37 DCM Nouvelle Yarn 129 10% 62 7%
38 Monte Carlo Fashions Apparel 126 10% 41 6%
39 GHCL Textiles Yarn 125 - 71 10%
40 Sumeet Industries PET chips, filament yarn 117 3% 61 0%
41 Precot Yarn, hygiene textiles 116 4% 58 11%
42 Ganesha Ecosphere Recycled polyester fibre 116 -1% 59 10%
43 TCNS Clothing Apparel 114 -4% 50 -19%
44 Maral Overseas Yarn, fabric, apparel 114 5% 62 2%
45 Pearl Global Industries Apparel 114 3% 65 3%
Conversion Rate: US$ 1 = Rs. 84
Data Source – screener.in, Standalone financial numbers of public listed textile companies have been considered
30
 Leading Indian Public Listed Companies (4/4)

Values in US$ Mn.

2023-24 5Yrs Sales 2024-25 2024-25 H1

# Company Name Products
Sales CAGR H1 Sales EBITDA%

46 S P Apparels Apparel 113 4% 56 17%

47 Loyal Textile Mills Yarn, fabric, apparel, home textiles 112 -6% 45 -12%
48 Bannari Amman Spinning Mills Yarn, fabric, apparel 110 -2% 53 5%
49 United Polyfab Yarn, Fabric 108 40% 35 7%
50 Kewal Kiran Clothing Apparel 102 11% 48 20%
51 Rajapalayam Mills Yarn, fabric 102 16% 53 10%

Conversion Rate: US$ 1 = Rs. 84

Data Source – screener.in, Standalone financial numbers of public listed textile companies have been considered
31
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