India’s textile and apparel industry is one of the largest in the world, accounting for approximately 2.3 percent of GDP, 13 percent of industrial production, and 12 percent of total exports. The market size of the Indian textile industry is expected to grow at a CAGR of 10 percent and reach USD 350 billion by 2030, with total textile exports predicted to reach USD 65 billion by FY26. The India-UK Free Trade Agreement signed on July 24, 2025, grants duty-free access to 99 percent of India’s textile exports to the UK, representing a direct revenue catalyst for major exporters. The China-plus-one supply chain shift is real and structural, showing up in quarterly results of KPR Mill, Welspun Living, and Arvind Limited. Technical textiles, including industrial, medical, agricultural, and defence fibres, were valued at USD 29 billion in 2024 and are projected to reach USD 45 billion by 2026. Let us have a look at the top 10 textile companies in India for the year 2026.
1. Vardhman Textiles Limited
Vardhman Textiles, headquartered in Ludhiana, Punjab and one of Asia’s largest yarn producers with a capacity exceeding 2 million spindles, is India’s largest vertically integrated textile manufacturer managing the entire value chain from cotton ginning to finished fabric. The company exports to over 70 countries and specialises in a wide range of yarns, fabrics, and garments, with an EPS of Rs 27.47 and a 3-year revenue CAGR of 16.2 percent making it one of the best-valued textile stocks in India in 2026.
Vardhman Textiles serves major global apparel retailers and domestic fabric buyers with its manufacturing scale and cost efficiency across yarn, fabric, and garment production, and its status as the preferred supplier for global apparel retailers is built on decades of consistent quality and advanced automation that ensures international specification compliance.
2. Welspun Living Limited
Welspun Living, a global leader in home textiles and the world’s second-largest manufacturer of terry towels, operates one of the world’s largest single-location integrated textile facilities in Gujarat, supplying retail giants like Walmart, Target, and IKEA. The company has built its competitive advantage through innovation including antimicrobial fabrics, smart textiles with RFID tracking, and industry-leading sustainability through water recycling and renewable energy investments, making it a direct beneficiary of the China-plus-one supply chain shift.
Welspun Living serves the world’s largest retail chains with its bed linens, towels, rugs, and flooring solutions, and its position as the world’s second-largest terry towel manufacturer backed by traceable supply chain technology makes it the most globally competitive Indian home textile company.
3. Arvind Limited
Arvind Limited, part of the Lalbhai Group and headquartered in Ahmedabad, is a global leader in denim and woven fabric manufacturing and one of India’s most diversified textile and apparel companies spanning raw fabric manufacturing to branded apparel retailing. The China-plus-one supply chain shift shows up directly in Arvind’s quarterly results as global fashion brands move sourcing away from China, making it a direct structural beneficiary of geopolitics-driven supply chain diversification.
Arvind Limited serves global apparel brands seeking reliable denim and fabric manufacturing alongside its domestic branded apparel retail operations, and is among the best positioned Indian textile companies to benefit from the structural China-plus-one shift through its established global fashion brand relationships and scale manufacturing capability.
4. Raymond Limited
Raymond Limited, founded in the year 1925 and one of India’s most iconic consumer brands, is famed for high-end suiting and apparel across its vertically integrated textile manufacturing and branded retail operations spanning over 1,500 stores. The company has undertaken significant corporate restructuring including the demerger of its real estate business into Raymond Realty, allowing its core textile and apparel business to be evaluated on its own fundamentals with improved valuation transparency.
Raymond Limited serves India’s premium business and occasion wear consumer through its nationwide branded retail network and internationally through its suiting fabric exports, and its century-long brand heritage in premium Indian suiting combined with ongoing restructuring positions it for improved valuation as core textile operations gain renewed investor focus.
5. KPR Mill Limited
KPR Mill, headquartered in Coimbatore and ranked as one of India’s best textile stocks in 2026, is a vertically integrated garment and yarn manufacturing player that is a direct and quantifiable beneficiary of the China-plus-one supply chain shift in global knitwear exports. The company’s results consistently reflect improved global knitwear order flows as international fashion brands diversify sourcing from Chinese manufacturers, and its integrated production chain from fibre to finished garment gives it cost competitiveness that stand-alone processors cannot match.
KPR Mill serves global fashion and retail brands seeking knitwear manufacturing from India with its vertically integrated production spanning yarn spinning, knitting, dyeing, and garment manufacturing, and is one of the clearest fundamental beneficiaries of the structural China-plus-one supply chain shift routing increasing global knitwear orders to Indian manufacturers.
6. Trident Limited
Trident Limited, part of the Trident Group, dominates the towels and bedsheets categories with manufacturing across yarn, terry towels, bedsheets, and paper products, catering to markets in over 100 countries. The company is consistently cited in 2026 investor analyses as one of the best textile stocks in India for its strong operational metrics and export market positioning in home textiles, making it a key competitor to Welspun in the global home textile supply chain.
Trident Limited serves global retailers and domestic consumers with its home textile products exported to over 100 countries, and its operational scale in towel and bedsheet manufacturing alongside its complementary paper business creates a diversified revenue profile that reduces cyclicality risk inherent in single-category textile manufacturers.
7. Grasim Industries Limited
Grasim Industries, the flagship of the Aditya Birla Group, is a pioneer in man-made fibres and fabrics with significant operations in viscose staple fibre that are used as inputs across India’s garment manufacturing industry. As a major player in India’s textile and apparel market, Grasim’s VSF business serves the growing preference for sustainable, biodegradable alternatives to synthetic fibres, and its dominant domestic VSF market position gives it pricing power that integrated textile manufacturers depend on.
Grasim Industries serves India’s garment and textile manufacturers with its viscose staple fibre that serves as the primary alternative to petroleum-derived synthetic fibres, and its dominant position in the domestic VSF market combined with the broader Aditya Birla Group’s diversified industrial resources gives it structural advantages in sustaining its fibre market leadership.
8. Page Industries Limited
Page Industries, founded in the year 1995 as the licensed manufacturer and distributor of Jockey International products in India, is India’s highest-quality branded innerwear and athleisure company and one of the best textile stocks in India for consistent long-term compounding. The company consistently holds dominant market leadership in the organised premium innerwear segment and has built one of the strongest brand franchises in India’s consumer goods industry through quality positioning and extensive nationwide retail distribution.
Page Industries serves India’s premium innerwear and athleisure consumers with its Jockey-branded products, and is the most consistent compounder in India’s textile sector combining brand pricing power, distribution scale, and manufacturing quality discipline that has produced exceptional long-term shareholder returns relative to the broader textile industry.
9. Bombay Dyeing and Manufacturing Company
Bombay Dyeing, one of India’s oldest and most recognised textile brands established in the year 1879, offers a wide range of home textile products and fabrics and is listed among the major players in India’s textile and apparel market. The company has been restructuring its business and real estate assets while maintaining its textile brand heritage, and its iconic brand name continues to carry significant consumer recognition in India’s home textile market despite the competitive landscape evolving significantly since its founding.
Bombay Dyeing serves Indian consumers with its recognised home textile brand encompassing bed linen, towels, and fabrics sold through its retail stores and wholesale channels, and its century-plus brand heritage represents a distinctive consumer franchise in India’s increasingly competitive home textile market.
10. Alok Industries Limited
Alok Industries, listed among the major players in India’s textile and apparel market, is a leading integrated textile manufacturer with products including yarn, fabric, home textiles, and apparel, operating multiple manufacturing plants across India. The company has been through significant financial restructuring and is now under the ownership of Reliance Industries and JM Financial following the insolvency resolution process, with its manufacturing capacity representing a valuable asset base being restored to operational efficiency under new ownership.
Alok Industries serves domestic and international buyers with its integrated textile manufacturing capabilities across yarn, fabric, and home textile categories, and its broad manufacturing base across multiple plant locations, now backed by Reliance Industries’ financial resources, positions it for a recovery trajectory as it rebuilds commercial relationships under new corporate ownership.
Frequently Asked Questions (FAQs)
Q: Which is the largest textile company in India in 2026?
A: Vardhman Textiles is India’s largest vertically integrated textile manufacturer, with one of Asia’s largest yarn capacities exceeding 2 million spindles, exporting to over 70 countries. Welspun Living is the world’s second-largest manufacturer of terry towels and the most globally competitive Indian home textile company. The leading company depends on the specific textile sub-segment being evaluated.
Q: What is the size of India’s textile industry?
A: The Indian textile industry is expected to grow at a CAGR of 10 percent and reach USD 350 billion by 2030, with textile exports predicted to reach USD 65 billion by FY26. Technical textiles alone were valued at USD 29 billion in 2024 and are projected to reach USD 45 billion by 2026. The sector accounts for approximately 2.3 percent of India’s GDP and 12 percent of total exports.
Q: How is the China-plus-one trend benefiting Indian textile companies?
A: The China-plus-one supply chain shift is real and structural, driven by geopolitics and supply chain risk management. This is visible in quarterly results of KPR Mill in knitwear exports, Welspun Living in home textiles, and Arvind Limited in denim manufacturing. Indian textile companies are increasingly capturing international orders previously placed with Chinese manufacturers as global brands diversify sourcing.
Q: What is the India-UK Free Trade Agreement’s impact on textiles?
A: The India-UK Free Trade Agreement signed on July 24, 2025 grants duty-free access to 99 percent of India’s textile exports to the UK. This is a direct revenue catalyst for Indian textile exporters as the UK garment market previously attracted tariffs that disadvantaged Indian products relative to countries with existing UK trade agreements.
Q: What are technical textiles and why are they important?
A: Technical textiles are specialised products made for industrial, medical, agricultural, and defence applications rather than clothing or home decoration. India’s technical textile market was USD 29 billion in 2024 and is projected to reach USD 45 billion by 2026, growing under the National Technical Textiles Mission. This is the highest-margin, most defensible segment with the fastest growth trajectory in India’s broader textile industry.
