Other Textile Products industry

279 companies · ₹1.9 L cr · 34 with AI deep dives · Q2FY27 report

Cheap-cotton inventory gains lifted Q1 margins to a peak that spinners themselves expect to fade by Q2

Turning upmargin troughed at 8.9% and has risen for 2 quarters to 12.1%, on positive revenue growth

Revenue YoY: +12.3%
EBITDA margin: 12.1%; +230bps YoY
Price, 1 year: +9.1%; 57% of names up
P/E vs own 5y: +11.4%; 23.9x now

Exhibit 1The quarter in numbers

constant panel of 39 companies above ₹500 cr

aggregate revenue (₹ cr)EBITDA margin (right axis)

Metric	Jun 26	Mar 26	QoQ	Jun 25	YoY	Peak	vs peak
Revenue	29,182 cr	28,472 cr	+2.5%	25,995 cr	+12.3%	29,182 cr	0.0%
EBITDA margin	12.1%	10.2%	+190bps	9.8%	+230bps	12.1%	0bps

Revenue

Jun 26: 29,182 cr

Exhibit 4Screen

P/E below the sub-industry median of 23.95x, 5y ROCE above its median of 6.85%, and at least 2 growth triggers stated on the latest earnings call.

Which names clear this screen is premium

The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.

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Exhibit 5Coverage (25 of 279)

Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.

Company	Mcap	P/E	EV/EBITDA	ROCE	Margin	Rev YoY	Read
K P R Mill Ltd	₹34,595 cr	37.9x	25.1x	20.2%	19.1%	+9.6%	Unlock
Welspun Living Ltd	₹19,793 cr

Exhibit 6What managements said

from this industry's latest earnings calls · as of 2026-09-30

tailwindYarn-cotton spreads widened sharply in Q1, partly on cheap cotton bought earlier5 managements

Three spinners reported spreads of ₹130-155/kg, up from ₹107-138/kg in Q4 (Nitin ~₹130, Sportking ₹133, GHCL Textiles ₹155). Vardhman put its export spread at ~USD 0.90/kg…

Sportking India (Q1FY27): “So the overall spread was INR133 vis-a-vis INR107 last quarter”

headwind11 managements headwind5 managements

Exhibit 7Outlook

The outlook and what resolves next quarter

Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.

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AppendixThe other 254 companies

1-30

sort: mcap · composite · name

Company	Mcap	P/E	EV/EBITDA	ROCE	Margin	Rev YoY	Read
Alok Industries Ltd	₹4,057 cr	-	225.4x	-3.2%	0.8%	+14.5%	Unlock