Textile stocks to benefit as India aims to triple textile exports to ₹9 lakhs Cr by 2030

Textiles contribute 2 percent to India’s GDP, and the country ranks as the sixth-largest exporter of textiles globally, contributing 8.21 percent to the country’s total exports in 2023-24. The sector holds a 4.5 percent share in global trade, with the United States and the European Union together accounting for 47 percent of India’s textile and apparel exports. 

The country is the second-largest producer of cotton, polyester, viscose, and silk, and the fifth-largest producer of technical textiles, with a market size of $22 billion. India aims to triple its textile exports from Rs. 3 lakh crore to Rs. 9 lakh crore by 2030, focusing on enhancing domestic manufacturing and expanding its global reach. 

This ambitious target was announced by Prime Minister Narendra Modi at the Bharat Tex 2025 event, where he expressed confidence in achieving the goal ahead of schedule, fueled by the current momentum in the sector.

Following are a few textiles stocks in focus as India aims to triple its textile exports to Rs 9 lakh crore by 2030: 

1. Nitin Spinners Limited 

With a market capitalisation of Rs. 1,962.08 crores, the stock moved up by around 4 percent on BSE to Rs. 358.45 on Friday. In Q3 FY25, the company’s revenue from operations increased by around 12 percent YoY to Rs. 839 crores, while the net profit grew by nearly 40.6 percent YoY to Rs. 45 crores. Incorporated in 1992, Nitin Spinners Limited is engaged in the business of manufacturing cotton and blended yarn, knitted fabrics and woven fabrics. 

The management has announced an investment of Rs. 1,100 crores for its expansion project, focusing on spinning, weaving, and woven fabrics. The funding will be sourced through a combination of term debt and internal accruals. The expansion is expected to be completed within the next 24 months. 

Currently, the company’s spinning capacity stands at ~4.81 lakh spindles, operating at over 95 percent capacity utilization. The proposed expansion will add about 66,096 spindles, with a production capacity of 22,400 MTPA. 

In woven fabrics, the existing capacity is around 40 million meters per annum (MMPA), with a more than 85 percent utilization rate. The proposed expansion will add ~35 million meters per annum to this capacity.  Additionally, the existing renewable power capacity is 18.8 MW (AC), with a proposed increase of 11.2 MW (AC).

2. Gokaldas Exports Limited 

With a market capitalisation of Rs. 5,782.3 crores, the shares of one of India’s largest manufacturers and exporters of apparel moved up by around 4.3 percent on BSE to Rs. 843.75 on Friday. In Q3 FY25, the company’s revenue from operations increased by around 79 percent YoY to Rs. 988 crores, while the net profit grew by nearly 66.6 percent YoY to Rs. 50 crores. 

Gokaldas Exports Limited is engaged in the business of design, manufacture, and sale of a wide range of garments for men, women, and children and serves the needs of several leading international fashion brands and retailers 

The company exports to a number of the world’s most prestigious fashion brands and retailers in more than 50 countries, and currently has more than 30 production units that can produce about 87 million garments annually.

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3. Vardhman Textiles Limited 

With a market capitalisation of Rs. 11,517.8 crores, the stock moved up by around 3 percent on BSE to Rs. 408.8 on Friday. In Q3 FY25, the company’s revenue from operations increased by around 6 percent YoY to Rs. 2,465 crores, while the net profit grew by nearly 31 percent YoY to Rs. 212 crores. Vardhman Textiles Limited is engaged in the business of manufacturing cotton yarn, synthetic yarn and woven fabric. 

As of Q4 FY25, the company has a total capex of Rs. 3,400 crores, with completion expected by November-December 2025. Of this, Rs. 2,800 crores is allocated for ongoing projects, while a project worth Rs. 400-500 crores is awaiting government approval.

4. Swan Energy Limited 

With a market capitalisation of Rs. 13,854.8 crores, the stock moved up by around 3.2 percent on BSE to Rs. 462 on Friday. In Q3 FY25, the company’s revenue from operations increased by around 20 percent YoY to Rs. 1,908 crores, while the net profit grew by nearly 155.5 percent YoY to Rs. 562 crores. 

Incorporated in 1909 as a textile company, Swan Energy has since diversified its business interests into oil & gas, real estate, textiles, defence and shipbuilding, as well as petrochemical manufacturing and trading. It operates a textile plant with a production capacity of 100,000 meters per day.

Written by Shivani Singh

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