Sector analysis · India

Textiles sector earnings growth, Q1 FY27

The 20 largest Textiles companies by market cap at the end of Q1 FY27 (30 Jun 2026), compared with Q1 FY26.

The top 20 at Q1 FY27

Q1 FY27 vs Q1 FY26: combined net profit ₹1,458 cr (+24%), median EPS +23% (15 of 20 up), market-cap-weighted price −5%. 20 of 20 reported.

Quarter

Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27

Compared with

YoY QoQ

Weight is each company's share of the 20 companies' combined market cap. Contribution is the change in its owners' profit divided by their combined base profit, in percentage points, so the column adds up to the sector's earnings growth. EPS cannot be added across companies, which is why contributions use profit.

#	Company	Weight	EPS ₹, base → now	EPS growth	Contribution	Price
1	Page Industries LimitedPAGEIND	21.0%	180.02 → 172.86	−4%	−0.5 pp	−16%
2	K P R Mill LtdKPRMILL	18.3%	6.22 → 7.56	+22%	+3.1 pp	+3%
3	Vardhman Textiles LimitedVTL	8.4%	7.16 → 10.70	+49% one source	+6.9 pp	+27%
4	Arvind LtdARVIND	7.0%	2.03 → 2.04	0% one source one-off	0.0 pp	+66%
5	Welspun Living LimitedWELSPUNLIV	6.9%	0.91 → 1.70	+87% one source	+4.9 pp	+13%
6	Trident LimitedTRIDENT	6.1%	0.27 → 0.31	+15%	+1.2 pp	−17%
7	Pearl Global Industries LimitedPGIL	4.2%	7.38 → 10.88	+47%	+2.2 pp	+35%
8	Indo Count Industries LimitedICIL	3.9%	1.91 → 3.19	+67% one source	+1.7 pp	+48%
9	Garware Technical Fibres LimitedGARFIBRES	3.5%	5.35 → 6.62	+24% one source	+0.8 pp	−16%
10	Gokaldas Exports LimitedGOKEX	2.9%	5.67 → 6.05	+7% one source	+0.2 pp	−3%
11	Alok Industries LimitedALOKINDS	2.9%	−0.35 → −0.28	loss, smaller one source	+2.2 pp	−38%
12	PDSPDSL	2.4%	0.92 → 1.33	+45% one source	+0.4 pp	−10%
13	Raymond Lifestyle LimitedRAYMONDLSL	2.2%	−3.25 → −3.71	loss, bigger one source	−0.2 pp	−40%
14	Sanathan Textiles LimitedSANATHAN	1.7%	4.79 → 2.82	−41% one source	−1.1 pp	−7%
15	Lux Industries LimitedLUXIND	1.7%	7.84 → 7.36	−6%	−0.1 pp	−16%
16	Nitin Spinners LimitedNITINSPIN	1.5%	7.29 → 13.39	+84%	+2.3 pp	+45%
17	Kitex Garments LimitedKITEX	1.5%	1.04 → −0.45	to loss	−2.0 pp	−43%
18	Kewal Kiran Clothing LimitedKKCL	1.4%	5.08 → 6.17	+21%	+0.5 pp	−4%
19	Jindal Worldwide LimitedJINDWORLD	1.4%	0.17 → 0.32	+88% one source	+1.0 pp	−44%
20	Siyaram Silk Mills LimitedSIYSIL	1.3%	0.20 → 0.49	+145% one source	+0.4 pp	−10%
	Sector earnings growth	100%			+23.9 pp

Who joined and who left

2 joined and 2 left the top 20 since Q4 FY26, as market caps moved.

Joined the top 20 since Q4 FY26 2

now #16 Nitin Spinners Limited NITINSPIN
now #19 Jindal Worldwide Limited JINDWORLD

Left the top 20 since Q4 FY26 2

was #18 Ganesha Ecosphere Limited GANECOS
was #19 Sangam (India) Limited SANGAMIND

EPS growth by company, Q2 FY24 to Q1 FY27

Each company's EPS growth year on year, every quarter it was in the top 20.

≤ −40%−20%0+20%≥ +40% Blue is growth, red is decline, grey is about zero; the colour stops deepening at ±40%.

turned profitableto loss crossed zero, so there is no growth rate to print
loss, smallerloss, bigger a loss in both quarters
sources disagree our two sources disagree, so the figure is left out of the sector totals
outside not in the sector's top 20 that quarter

EPS growth of each company in the sector's top 20, by quarter
Company	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
PAGEIND	−7%	+23%	+38%	+4%	+30%	+34%	+52%	+22%	0%	−7%	+9%	−4%
KPRMILL	−1%	+7%	+2%	0%	+2%	+8%	−4%	+5%	+6%	+3%	+11%	+22%
VTL	−35%	+56%	+26%	+75%	+47%	+31%	+18%	−13%	−5%	−21%	−22%	+49%
ARVIND	−36%	+9%	+2%	−47%	−25%	+13%	+53%	+35%	+73%	−6%	+5%	0%
WELSPUNLIV	+2,144%	+323%	+18%	+15%	+4%	−31%	−9%	−52%	−93%	to loss	−21%	+87%
TRIDENT	+157%	−25%	−56%	−22%	−11%	−24%	+136%	+93%	+13%	−44%	−23%	+15%
PGIL	+72%	+6%	−2%	+35%	+39%	+50%	+26%	−1%	+25%	−6%	+21%	+47%
ICIL	sources disagree	sources disagree	sources disagree	+6%	−29%	+30%	−88%	−51%	−52%	−68%	+114%	+67%
GARFIBRES	+11%	+18%	+16%	+12%	+29%	+13%	+5%	+14%	−52%	+18%	−19%	+24%
GOKEX	−48%	−25%	−10%	−29%	+1%	+40%	+6%	+48%	−72%	−72%	−34%	+7%
ALOKINDS	loss, smaller	loss, smaller	loss, smaller	loss, smaller	loss, bigger	loss, bigger	loss, smaller	loss, smaller	loss, smaller	loss, smaller	loss, bigger	loss, smaller
PDSL	−43%	−67%	−20%	sources disagree	sources disagree	sources disagree	sources disagree	sources disagree	sources disagree	sources disagree	sources disagree	+45%
RAYMONDLSL	outside	outside	outside	outside	−71%	−62%	to loss	to loss	+78%	−33%	loss, bigger	loss, bigger
SANATHAN	outside	outside	outside	outside	outside	outside	−32%	−34%	−38%	to loss	−50%	−41%
LUXIND	−12%	+12%	+78%	+104%	+38%	+59%	−13%	−31%	−54%	−60%	−9%	−6%
NITINSPIN	outside	outside	outside	outside	outside	outside	outside	outside	outside	outside	outside	+84%
KITEX	outside	outside	outside	outside	+179%	+171%	+64%	−24%	to loss	to loss	to loss	to loss
KKCL	+27%	+23%	+19%	−25%	+32%	−26%	−22%	outside	−32%	+39%	+6%	+21%
JINDWORLD	−61%	+40%	+8%	+29%	+31%	−14%	−25%	−6%	−29%	−22%	outside	+88%
SIYSIL	−23%	−11%	outside	+19%	outside	+2%	+5%	−61%	outside	−8%	+36%	+145%