High 10 textile firms in India
The worldwide textile market reveals sturdy development potential, pushed by varied elements together with vogue traits, sustainability, and technological developments.
Each the USA and India signify important markets with their distinctive development drivers and alternatives throughout the world panorama. India, specifically, is poised for substantial growth attributable to its giant home market and authorities help.
The worldwide textile market was valued at an estimated measurement of roughly $2 trillion in 2024. The attire market alone is valued at round $1.8 trillion in 2024. The worldwide textile market is anticipated to develop at a CAGR of round 3.57% to 7.4% from 2025 to 2034 from $2.6 trillion in 2025 to $4 trillion by 2034.
The US textile market was estimated at round $259 billion in 2024 whereas the house textile market alone was valued at $20 billion in 2024. The US textile market is projected to develop at a CAGR of three.9% from 2024 to 2034 and is anticipated to succeed in $350 billion by 2034 contemplating the latest implementation of tariff.
Indian textile market was estimated at roughly $176 billion in 2024 whereas the attire market is estimated at $100 billion in 2024. The Indian textile market is anticipated to develop at a CAGR of roughly 10% from 2025 to 2034 anticipated to succeed in $300 billion by 2034 relying on the financial development in India.
Impression of Trump Reciprocal Tariff
The Trump administration imposed a 27% reciprocal tariff on Indian items, together with textile merchandise. This was in response to what the U.S. thought-about to be excessive import duties levied by India on American items.
It’s necessary to notice that whereas this 27% tariff was utilized to a spread of Indian items, together with textiles, the impression assorted throughout completely different sectors.
In comparison with another nations, India’s tariff price was comparatively decrease. For instance, nations like Vietnam and Bangladesh confronted larger tariff charges. International locations dealing with larger tariffs noticed a possible decline of their competitiveness within the U.S. market.
This created alternatives for nations with comparatively decrease tariffs, like India, to doubtlessly enhance their market share within the U.S. Allow us to analyze just a few textile firms in India that can get benefited.
High 10 textile firms in India
Allow us to now analyze the highest 10 textile firms in India that can profit from this variation within the textile trade worldwide because of the Trump tariff.
Beneath are the highest ten textile firm in India.
High ten textile firm in India
Vedant Fashions Ltd. (Manyavar) one of many high textile firms in India
Vedant Fashions Restricted (VFL) is India’s main branded celebration put on firm, famend for its flagship model Manyavar, together with different manufacturers like Mohey, Mebaz, Manthan, and Twamev. The corporate primarily serves the ethnic put on wants of males, ladies, and youngsters for weddings and festive events.
Working underneath a virtually 100% franchise-owned unique model outlet (EBO) mannequin, VFL has constructed an in depth retail footprint with 694 EBOs throughout 271 cities in India and internationally as of March 2024. With a robust give attention to asset-light development, model fairness, and omnichannel retailing, VFL continues to dominate the lads’s Indian wedding ceremony put on section with a market share of roughly 40%.
Income Breakdown for FY 2023-24
Vedant Fashions derives the overwhelming majority of its income from the home market. In FY24, the corporate recorded complete income from operations at ₹1,383.28 crore, out of which ₹1,300.63 crore (94.03%) got here from home gross sales and ₹82.65 crore (5.97%) from exports. This demonstrates the corporate’s stronghold and model recall inside India whereas additionally progressively tapping into worldwide markets with a large Indian diaspora.
Nevertheless, out of complete export income of ₹82.65 crore in FY24, the US contributed ₹49.96 crore which is 60.46%. So, the impression of the Trump tariff on textile firms in India might be restricted, moderately it has the chance to extend its market share within the US.
Its constant margins (EBITDA ~47%), sturdy steadiness sheet, and scalability potential make it a compelling long-term funding alternative within the branded attire area.
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KPR Mill Ltd. Among the many high textile export firms in India
KPR Mill Ltd is a number one Indian textile conglomerate with built-in operations throughout yarn, material, and readymade clothes, together with diversification into sugar and ethanol manufacturing. Headquartered in Coimbatore, Tamil Nadu, KPR Mill is thought for its vertically built-in construction, operational effectivity, and important world presence.
Its garment division is the corporate’s flagship section, with shoppers throughout Europe and North America.
Income Breakdown for FY 2023-24
For the monetary 12 months 2023-24, KPR Mill achieved complete income from operations of ₹5,260 crore. Out of which the export contributes ₹3,573 crore (~68%) of complete income whereas the home income contributes ₹1,687 crore (~32%).
The corporate primarily exports clothes to world markets whereas home income is pushed by its yarn, material, and ethanol companies.
Out of complete exports, Europe (Germany, France, Italy, and many others.) contributes ~45% of the overall export income whereas the US contributes ~30% and different nations corresponding to Canada, Australia, and many others. contribute ~25%
Europe stays the dominant export vacation spot for KPR, notably for clothes. The US market has additionally been rising steadily as a part of KPR’s shopper diversification efforts.
KPR is actively exploring new geographies whereas deepening relationships within the US and EU markets.
The corporate’s emphasis on vertical integration, automation, and accountable manufacturing underpins its resilience and scalability. With sturdy fundamentals, rising world demand for Indian textiles, and diversification into ethanol, KPR Mill is well-positioned for 10-12% CAGR development over the following 5 years.
Welspun Dwelling Ltd. Among the many high textile export firms in India
Welspun Dwelling Ltd is India’s largest exporter of residence textiles and a worldwide chief within the sector. It caters to 17 of the highest 30 world retailers, supplying a big selection of tub linens, mattress linens, rugs, and carpets.
With operations in over 50 nations and a robust footprint in each B2B and B2C segments, Welspun has advanced right into a vertically built-in powerhouse emphasizing innovation, branding, and sustainability. Its home model ‘Areas’ and licenses like Disney and Wimbledon have strengthened its place in India’s rising way of life retail market.
Income Breakdown for FY 2023–24
For the monetary 12 months ending FY23 (with 9MFY24 thought-about for run price), the corporate’s income was roughly ₹7,259 crore out of which the export contributed ~₹5,081 crores (~70%) of complete income whereas the home income contributed ~₹2,178 crores (~30%).
Based mostly on Welspun’s world clientele, historic knowledge, and focus areas, approximate export income shares, the US contributes ~55% of the overall export income whereas
The UK & EU contributes ~30%, and Others (Canada, Australia, and many others.) contributes ~15%.
The US continues to be Welspun’s largest market, with a robust warehouse and distribution community supporting B2B and D2C operations. The corporate will face the impression of the Trump tariff within the quick run; nonetheless, it might probably profit from the upper tariff on different textile export nations.
Gokaldas Exports Ltd. Among the many high textile export firms in India
Gokaldas Exports Ltd (GEL) is a number one Indian attire exporter with over 4 a long time of legacy, supplying high-quality clothes like outerwear, activewear, and sportswear to main world vogue manufacturers corresponding to H&M, Puma, Adidas, and Marks & Spencer.
Headquartered in Bengaluru, it operates over 30 manufacturing items throughout Karnataka, Tamil Nadu, and Andhra Pradesh. GEL gives end-to-end options together with product design, improvement, manufacturing, and compliance providers. With a give attention to product innovation, sustainable operations, and digital transformation, GEL is solidifying its place as a trusted world sourcing accomplice within the vogue trade.
Income Breakdown for FY 2023–24
For the monetary 12 months ending FY24, the export contributed ₹2,124.4 crore ~95.5% of complete income whereas the home income contributed ₹101.1 crore ~4.5% of complete income. This is likely one of the high textile export firms in India.
North America (US & Canada) contributes ~60%, whereas Europe (UK, Germany, and many others.) contributes ~30% of complete export income. The export income from different nations corresponding to Japan, Australia, the Center East, and many others. contributes ~10%.
The corporate primarily exports to North America, adopted by Europe. Therefore, the corporate will face the impression of the Trump tariff within the quick run; nonetheless, it might probably profit from the upper tariff on different textile export nations.
Himatsingka Seide Ltd. one of many high textile firms in India
Himatsingka Seide Ltd (HSL), headquartered in Bengaluru, operates a totally built-in world textile enterprise, specializing in residence textile merchandise corresponding to bedding, tub, material, and fabric.
The corporate manages the complete worth chain—from spinning yarn to branding and retail—serving giant world retailers. It owns prestigious manufacturers like Calvin Klein, Tommy Hilfiger, and Royal Velvet and holds licenses for others together with Disney and Waverly. Himatsingka’s built-in operations span state-of-the-art manufacturing amenities in India and a strong world distribution community.
Income Breakdown for FY24
For the monetary 12 months ending FY24, the export contributed ₹1,835 crores (63%), whereas the home income contributed ₹1,082 crores (37%) out of the overall consolidated income of ₹2,917 crore (vs ₹2,738 crores in FY23)
North America (primarily the USA) contributed ~76% of export income, whereas Europe & UK contributed ~15%, and the Remainder of the World contributed ~9%. The US continues to be the most important market, pushed by long-term retailer relationships and model licensing.
Web debt lowered from ₹2,368 crore in FY23 to ₹2,097 crore in FY24. EBITDA was up 26% YoY in FY24; value controls and operational effectivity boosted margins.
The strategic mixture of vertical integration, model power, and operational streamlining positions Himatsingka for regular development. FY25 outlook consists of sustained EBITDA enchancment, discount in finance prices, and growth of home retail footprint.
Different High Textile Firms in India
Garware Technical Fibres Ltd.
A pacesetter in technical textiles, producing specialised merchandise for industries like fishing, aquaculture, and infrastructure. Their progressive and area of interest product focus offers a singular development avenue.
Vardhman Textiles Ltd.
A well-established participant with a robust status for high-quality yarns, materials, and clothes, catering to each home and worldwide markets. Their constant income development signifies stability and potential.
Raymond Ltd.
A family identify identified for premium materials and a rising presence in ready-to-wear attire. Their model power and growth into new segments gas development.
Arvind Ltd.
One in all India’s largest built-in textile producers, with a robust emphasis on denim and way of life merchandise. Their give attention to export development and a strong home retail presence are key drivers.
Jindal Worldwide Ltd.
A key participant specializing in denim materials, premium shirtings, and residential textiles, with a give attention to innovation and a various product providing for home and worldwide markets.
