India's textile sector is entering a transformative growth phase, with the market size expanding from ₹4.9 trillion in 2010 to ₹16 trillion currently, according to reports from The Financial Express. The government has set an ambitious target to double this to ₹33 trillion by 2031, driven by trade agreements and shifting global sourcing patterns. Export growth is particularly significant, with the Ministry of Textiles targeting ₹9 trillion in exports by 2030 from ₹3.2 trillion in FY26. The proposed India-UK FTA and India-EU FTA are expected to open a US$30 billion addressable home textile market, providing access to one of the world's largest apparel markets.
Pearl Global Industries is targeting revenue of ₹60 billion by FY28, up from ₹50 billion in FY26, as reported by The Financial Express. The company committed around ₹2.5 billion in capex during FY26 and plans further investment of ₹2-2.5 billion for FY27. PGIL is expanding capacity from 100 million pieces to 125-130 million pieces annually, with ongoing construction of two new units in Bangladesh expected to complete in H1FY27, adding 6-7 million pieces capacity. The company achieved 11.5% revenue growth to ₹50.3 billion in FY26 and expects EBITDA margin expansion to 10-12% from FY27 onwards.
Welspun Living is investing US$13 million in a new Greenfield pillow plant in Nevada with capacity of 4.5 million pieces, targeting to double pillow business revenue from US$27.5 million in FY26 to approximately US$60 million in FY27, according to The Financial Express. The company plans to achieve ₹10 billion in flooring revenue, up from ₹7.4 billion in FY26, with increasing demand for high-margin soft flooring products. WLL expects capacity utilization across core segments to rebound to above 86% in FY27 and aims to push non-US revenue contribution from 41% to over 50% in the medium term.
Vardhman Textiles completed expansion of 15,600 spindles in H1FY26 and an additional 17,000 spindles, with management restarting an open-ended spinning project, as reported by The Financial Express. The company commenced commercial production of 31 million meters of processed fabric annually in March 2026, with an 18-meter line dedicated to performance fabrics. Vardhman plans to invest ₹1.3 billion to double garment capacity from 2.2 million to 4.5 million shirts by end-FY27. The company expects better performance in FY27 driven by 40-50% expansion in yarn spreads and alignment of Indian cotton prices with international markets.
Arvind acquired a 61% stake in US-based Dalco-GFT, providing access to a US$2.5 billion market with manufacturing facilities in North and South Carolina, according to The Financial Express. The acquisition generates 17% EBITDA margin and previously achieved 40% Return on Capital Employed. Arvind plans to invest US$5 million annually to add one new manufacturing line per year, with US facilities currently operating at around 85% capacity. The company expects to invest ₹4.5-5 billion in FY27 in garmenting and advanced materials divisions, funded entirely by free cash flow.
Gokaldas Exports is strategically pivoting its product mix to capture higher-value segments and successfully onboarded four new premium brands that will contribute to revenues in FY27, as reported by The Financial Express. Following recent capacity additions, the company's manufacturing capacity is poised to reach 104 million pieces, comprising 52 million pieces in India and 40 million pieces in Africa. A manufacturing unit in Karnataka is ramping up and will hit full capacity in H1FY27, adding approximately ₹1.3 billion to revenues. The company expects to achieve minimum 15% growth rate and may greenlight two new factories with planned capex of ₹0.8-1 billion over two years.
