Nitin Spinners shares hit a new high of ₹618, rallying 6% on Tuesday's intra-day trading, surpassing its previous high of ₹616.95 touched on August 19, 2026. The stock has zoomed 104% from its January low of ₹302.35, significantly outperforming the market with a 96% surge in 2026 compared to a 9.3% decline in the BSE Sensex. The textile manufacturer continues to benefit from strong demand following the removal of additional US tariffs and improved price parity between international and domestic cotton.
In the April to June 2026 quarter, Nitin Spinners reported robust financial performance with revenue growing 10.3% year-on-year to ₹875 crore, driven by improvement in yarn realizations and better demand scenario. EBITDA before other income jumped 39.85% YoY and 19.3% quarter-on-quarter to ₹155.6 crore, with EBITDA margin improving to 17.78% against 14.02% in Q1FY26. PAT rose 83.63% YoY and 31.2% QoQ to ₹75.3 crore, reflecting strong operational efficiency. The management noted that FY27 has commenced on a positive note for the textile industry, supported by improved demand following the removal of additional US tariffs.
According to reports from CNBC TV18, Nitin Spinners expects to generate ₹3,800 crore revenue in the current financial year, with new capacity expected to contribute an additional ₹300-400 crore once it starts ramping up. The Bhilwara-based textile manufacturer is investing around ₹1,350 crore across its textile and renewable energy businesses, with the capex being funded largely through internal accruals and debt. The company's spinning capacity is currently running at around 97.5-98%, while fabric capacity utilisation stands at about 92%.
As reported by CNBC TV18, exports currently account for around 65% of Nitin Spinners' revenue, helped by strong demand following the reduction in US tariffs. However, the company continues to target a longer-term revenue mix of around 60% exports and 40% domestic sales. The company supplies products to renowned brands including Raymond, Arvind, Donear, D'Decor, Siyaram's, Welspun, and international brands like Zara, United Colors of Benetton, and H&M. CARE Ratings notes that the company has well-established export presence across over 60 countries, with exports contributing 62% of revenue in FY26.
The increased demand for cotton yarn in the export market from China has contributed to the better demand scenario for Indian spinners. The India-UK free trade agreement (FTA) is expected to support India's exports by opening up new sourcing and export opportunities for the Indian textile sector. The management anticipates that demand for fabric and yarn will continue to be better, supported by demand coming from growth across the downstream sector and the consolidation of the spinning industry. The company expects the India-UK FTA to support the ramp-up of new capacities given its established customer base and presence in the UK market.
