Top 10 Textile Stocks in India [2024 Updated List]

India’s massive and varied textile sector is crucial for its economy and job creation. The industry includes many leading companies that produce innovative products and use sustainable methods in areas like home textiles and garment manufacturing. In this blog, we delve into the top 10 textile stocks in India, sorted according to market capitalization as of 29 November 2024, which have excelled not just due to their wide product offerings but also by maintaining a strong international presence. Whether it’s through home textiles, apparel, or technical textiles, these industry leaders are shaping the future of Indian textiles.

Top 10 Textile Stocks in India

Page Industries

Page Industries is a leading name in India’s textile industry, thanks largely to being the exclusive license holder for brands like Jockey and Speedo across many countries. Located primarily out of Bengaluru, their focus revolves around creating premium quality undergarments, loungewear, and socks at large-scale facilities that maintain high standards in production efficiency.

Page Industries has carved its niche within the domestic as well as global markets due to this consistent adherence towards state-of-the-art manufacturing infrastructure along with an extensive retail network across various geographies – all while upholding eco-friendly business practices at large scales. They received the ‘International Licensee of The Year’ award from Jockey International itself. Their consistent performance in the stock exchange with a current market capitalization of Rs 49,796.36 Crore, makes them one of the top textile stocks in India.

KPR Mill

KPR Mill is among the top 10 textile stocks in India with the largest vertically integrated textiles firms operating across all stages—from spinning and weaving to dyeing processes, as well as garment manufacturing. Located in Tamil Nadu, they produce numerous fabrics and ready-to-wear clothing items using yarn materials and knitted fabric designs too.

KPR Mill is known for its vast infrastructure, including multiple factories across regions; sustainability plays a big role here, especially with their focus on wind energy projects that power up operations. With huge garment production units and an emphasis laid on eco-conscious practices. Its current market capitalization stands at Rs 33,456.75 Crore.

Swan Energy

Swan Energy, a versatile company involved with different facets of the clothing sector, is known for leaving an impressionable footprint on India’s textile landscape. They have made their presence felt by concentrating specifically on polyester filament yarn production while also expanding into the retail and home fabrics segment.

This firm has developed robust global trade networks and is particularly distinguished in providing high-end products that cater to overseas markets, thereby enhancing its reputation within the industry. The dedication of Swan Energy towards innovation along with delivering top-quality items aids them substantially in maintaining their strong presence, specifically when it comes to top 10 textile stocks in India, and currently holding market capitalization of Rs 19,150.65 Crore.

Trident

Trident is one of the top 10 textile stocks in India, was established in 1990, and has grown into one of the world’s top producers of terry towels, yarns, and household fabrics. With numerous large manufacturing facilities across India, they have a widespread export network reaching over 100 countries worldwide.

A key supplier to major global retail giants in the home textiles sector, Trident also ventures into paper and chemical production for diversified business growth. The company is renowned for its advanced technology and sustainable practices, which have enabled it to lead both domestically and globally within the household fabrics industry. As a standout performer, it holds a market capitalization of Rs 17,300.77 Crore.

Welspun India

Welspun India is among India’s biggest home textile manufacturers, known for their extensive range of bed and bath items. Their product line includes towels, sheets, and other home fabric products; they export to more than fifty countries worldwide. With its state-of-the-art facilities in Gujarat, the company has established a strong global market presence due to top-quality goods under brands such as Christy & Hygrocotton. Additionally, Welspun emphasizes sustainability through eco-conscious manufacturing methods. It continues to rank among top 10 textile stocks in India with a market capitalization of Rs 14,627.08 Crore.

Raymond Ltd.

Raymond Ltd., an established player in the Indian textile industry, has built a reputation based on its high-quality fabrics and apparel. Founded back in the 1920s, they have since expanded into one of India’s biggest integrated manufacturers of suiting fabric, with products ranging from woolen cloth to denim garments as well as ready-to-wear clothing items under popular brands like Raymond and Zapp.

They are popular trading options when it comes to the best textile stocks in India. Other than textile Raymond Ltd. also ventures across different vertical markets, such as manufacturing up to retail services. They are known especially for their innovations regarding textile production, maintaining eco-friendly practices throughout the entire process. They currently have a market capitalization of Rs 12,470.15 Crore.

Alok Industries

Alok Industries is a top Indian manufacturer of textiles, specializing mainly in polyester fabric production. They create various products, such as clothes for home usage and ready-to-wear garments too. Their exports reach all over the world through an expansive distribution network. Alok’s reputation revolves around high-quality textile solutions that span throughout entire stages of the textiles business due to their diversified operations approach, aiming higher with cutting-edge technologies both for innovative products and sustainable initiatives. They have carved a place in top 10 textile stocks in India holding a market capitalization of Rs 10,566.03 Crore.

Arvind Ltd.

Arvind Ltd. is known well for being one of India’s largest makers of clothes and fabric, particularly famous for denim production. They also create various kinds of fabrics along with garments that are technical too, they have a presence both at home here in the country and internationally as well; furthermore, Arvind has entered into the retail business, where it offers its own brand Flying Machine, and even tie-ups with global big brands. The company gets praised for innovative techniques used while making fabric sustainability initiatives along with massive operations. With a market capitalization of Rs 9,911.73 effectively put them in the ranks of the top 10 textile stocks in India.

Garware Technical Fibres

Garware Technical Fibres is well-known within the Indian textiles industry due to its dedication to technical fabrics. This company produces a broad variety of engineered materials that find use across agriculture, aquaculture, and industrial operations—all thanks to their innovative outlook and focus on serving niche markets, which sets them apart from traditional cloth makers. Garware’s products are admired for their exceptional durability in varied applications, marking the company’s unmatched commitment to excellence and securing its spot in best textile stocks in India, which holds a market capitalization of Rs 9,238.08 Crore.

PDS Limited

PDS Limited is a globally known textile player specializing in supplying clothes for international brands and renowned for its expertise in handling different aspects of garment production from design to distribution. The company is famous for providing quality apparel with efficiency thanks to well-managed supply chain operations that help them reach retailers worldwide effortlessly.

They are also committed to sustainability by implementing projects aimed at reducing the impact made on the environment through manufacturing processes, making them popular choices among investors and placing them among the ranks of top 10 textile stocks in India, which currently have a market capitalization of Rs 7,824.21 Crore.

Conclusion

Investing in textile stocks offers strategic portfolio diversification, with India’s robust manufacturing ecosystem providing compelling opportunities. The sector’s top 10 textile stocks in India demonstrate resilience through innovative practices, strong financial fundamentals, and adaptability to global market dynamics. Investors should conduct comprehensive research, assess individual company performance, and consider long-term growth potential while navigating the nuanced landscape of textile industry investments.