Sector analysis · India

Textiles sector earnings growth, Q2 FY26

The 20 largest Textiles companies by market cap at the end of Q2 FY26 (30 Sep 2025), compared with Q1 FY26.

The top 20 at Q2 FY26

Q2 FY26 vs Q1 FY26: combined net profit ₹1,003 cr (−5%), median EPS −20% (8 of 20 up), market-cap-weighted price −15%. 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	23.1%	180.02 → 174.61	−3%	−0.4 pp	−18%
2	K P R Mill LtdKPRMILL	18.6%	6.22 → 6.38	+3%	+0.4 pp	−7%
3	Trident LimitedTRIDENT	7.3%	0.27 → 0.18	−33%	−3.3 pp	−10%
4	Vardhman Textiles LimitedVTL	6.1%	7.16 → 6.47	−10%	−1.4 pp	−18%
5	Welspun Living LimitedWELSPUNLIV	5.6%	0.91 → 0.14	−85%	−5.1 pp	−20%
6	Alok Industries LimitedALOKINDS	4.4%	−0.35 → −0.33	loss, smaller	+0.6 pp	−15%
7	Arvind LtdARVIND	4.1%	2.03 → 3.94	+94%	+3.4 pp	−14%
8	Garware Technical Fibres LimitedGARFIBRES	3.8%	5.35 → 3.22	−40%	−1.4 pp	−20%
9	Raymond Lifestyle LimitedRAYMONDLSL	3.6%	−3.25 → 12.34	turned profitable	+6.5 pp	−11%
10	Pearl Global Industries LimitedPGIL	3.0%	7.38 → 7.97	+8%	+0.4 pp	−15%
11	Indo Count Industries LimitedICIL	2.7%	1.91 → 1.97	+3%	+0.1 pp	−9%
12	Gokaldas Exports LimitedGOKEX	2.7%	5.67 → 1.10	−81%	−2.3 pp	−20%
13	PDSPDSL	2.3%	0.92 → 2.12	+130%	+1.2 pp	−22%
14	Sanathan Textiles LimitedSANATHAN	2.1%	4.79 → 2.38	−50%	−1.4 pp	+4%
15	Lux Industries LimitedLUXIND	2.0%	7.84 → 7.80	−1%	0.0 pp	−12%
16	Kitex Garments LimitedKITEX	1.9%	1.04 → −0.08	to loss one-off	−1.5 pp	−34%
17	Jindal Worldwide LimitedJINDWORLD	1.8%	0.17 → 0.12	−29%	−0.4 pp	−35%
18	Bombay Dyeing & Mfg Company LimitedBOMDYEING	1.7%	0.67 → 0.09	−87%	−0.8 pp	−1%
19	Kewal Kiran Clothing LimitedKKCL	1.7%	5.08 → 7.28	+43%	+0.9 pp	+2%
20	Ganesha Ecosphere LimitedGANECOS	1.5%	4.22 → −0.19	to loss	−0.8 pp	−25%
	Sector earnings growth	100%			−5.4 pp

Who joined and who left

1 joined and 1 left the top 20 since Q1 FY26, as market caps moved.

Joined the top 20 since Q1 FY26 1

now #19 Kewal Kiran Clothing Limited KKCL

Left the top 20 since Q1 FY26 1

was #20 Siyaram Silk Mills Limited SIYSIL

EPS growth by company, Q2 FY24 to Q1 FY27

Each company's EPS growth quarter on quarter, 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	−5%	+1%	−29%	+53%	+18%	+5%	−20%	+22%	−3%	−3%	−6%	+8%
KPRMILL	−1%	−7%	+14%	−5%	+1%	−1%	+1%	+4%	+3%	−4%	+9%	+14%
TRIDENT	0%	+17%	−48%	+27%	+14%	0%	+63%	+4%	−33%	−50%	+122%	+55%
VTL	−2%	+19%	+25%	+19%	−17%	+7%	+13%	−13%	−10%	−11%	+11%	+67%
WELSPUNLIV	+22%	−10%	−18%	+27%	+10%	−40%	+9%	−34%	−85%	to loss	turned profitable	+57%
ALOKINDS	loss, smaller	loss, bigger	loss, smaller	loss, smaller	loss, bigger	loss, bigger	loss, smaller	loss, bigger	loss, smaller	loss, bigger	loss, smaller	loss, smaller
ARVIND	+8%	+15%	+8%	−60%	+52%	+73%	+46%	−65%	+94%	−6%	+64%	−67%
GARFIBRES	+22%	−17%	+60%	−31%	+41%	−28%	+49%	−25%	−40%	+76%	+2%	+15%
RAYMONDLSL	outside	outside	outside	outside	−99%	+52%	to loss	loss, smaller	turned profitable	−43%	to loss	loss, smaller
PGIL	−17%	−10%	+44%	+27%	−15%	−4%	+21%	−1%	+8%	−27%	+56%	+21%
ICIL	+55%	−49%	+58%	−15%	+5%	−8%	−85%	+235%	+3%	−38%	−1%	+161%
GOKEX	−27%	+28%	+39%	−45%	+3%	+79%	+5%	−23%	−81%	+82%	+146%	+23%
PDSL	+244%	−61%	+80%	sources disagree	sources disagree	sources disagree	sources disagree	sources disagree	+130%	−34%	+150%	−62%
SANATHAN	outside	outside	outside	outside	outside	outside	+28%	−7%	−50%	to loss	turned profitable	+10%
LUXIND	+122%	−45%	+175%	−39%	+51%	−37%	+50%	−51%	−1%	−45%	+240%	−50%
KITEX	outside	outside	outside	outside	+36%	+10%	−19%	−37%	to loss	loss, bigger	loss, bigger	loss, smaller
JINDWORLD	−7%	+62%	+33%	−36%	−6%	+6%	+17%	−19%	−29%	+17%	outside	+23%
BOMDYEING	loss, smaller	turned profitable	−98%	sources disagree	sources disagree	sources disagree	outside	sources disagree	−87%	to loss	outside	outside
KKCL	+47%	−33%	+13%	−33%	+160%	−62%	+19%	outside	+43%	−24%	−9%	+23%
GANECOS	outside	+355%	+46%	+4%	+20%	+10%	−20%	−55%	to loss	outside	+389%	outside