Arvind, S P Apparels and Indo Count Hit 52-Week Highs on Textile Export Growth Hopes
Shares of leading textile companies witnessed strong buying interest on Tuesday, with Arvind, S P Apparels, and Indo Count Industries hitting fresh 52-week highs amid optimism over India’s textile export prospects.
S P Apparels emerged as the top gainer, surging nearly 13 per cent to ₹1,186.05 during intraday trade on the BSE. The stock has rallied about 49 per cent over the past 11 trading sessions, reflecting growing investor confidence in the company’s growth outlook.
Arvind also touched a new 52-week high of ₹600, gaining around 9 per cent during the session. The textile major has advanced approximately 22 per cent over the last 12 trading days.
Indo Count Industries climbed 5 per cent to ₹445.90, marking another record high. The company’s shares have gained nearly 38 per cent in the past 12 trading sessions. Other textile stocks, including Gokaldas Exports, PDS, Vardhman Textiles, and Nitin Spinners, also traded higher, rising between 2 and 3 per cent.
Market participants attributed the rally to expectations that the proposed free trade agreements (FTAs) with the UK and the European Union will enhance the competitiveness of Indian textile exports and open up new growth opportunities for manufacturers.
S P Apparels, a major supplier of knitted garments for infants and children to international brands and retailers, reported a current order book of approximately ₹600 crore. During its fourth-quarter earnings call, the company indicated that customer engagement has normalized following a temporary disruption period and highlighted its increased focus on expanding business in the US market through discussions with several large customers.
The company reiterated its long-term revenue target of ₹2,000 crore and expects adjusted EBITDA margins of 17–18 per cent as operating leverage improves and export demand strengthens.
Meanwhile, Indo Count Industries remains optimistic about demand recovery as trade uncertainties ease. The company expects FY27 to be a pivotal year, driven by higher volumes, stronger profitability, and improved margins. Management has projected volumes of 105–110 million meters in FY27, compared with 94 million meters achieved in FY26, while targeting EBITDA margins of around 13 per cent.
According to analysts at Motilal Oswal Financial Services, India’s textile export growth is expected to accelerate with the implementation of upcoming FTAs, favourable tariff realignments, and improved export incentives such as the Rebate of State and Central Taxes and Levies (RoSCTL).
The Government of India has set a target of expanding the textile market to $350 billion from $194 billion by FY26. With India accounting for only 4–5 per cent of global apparel trade, industry experts believe significant opportunities remain as global brands continue diversifying sourcing away from China and increasingly seek large-scale, compliant manufacturing partners.