Textile Market News

A region historically famous for its silk and cotton fabrics like the 'Venpattu', the handloom weaving industry in Salem, Tamil Nadu is currently facing a slowdown due to the irregular and short supply of warp yarn, a primary raw material. Hundreds of handloom weavers are left without work for months because they have not received fresh warp material from respective cooperative societies.

The government of Tamil Nadu has introduced a specialized scheme to tackle the widespread problem of outdated machinery. The initiative aims to boost productivity and quality across the state's spinning mills, thereby increasing their global competitiveness and encouraging the production of high-value items like Viscose Staple Fiber (VSF) and recycled yarns.

Making a turnaround from a loss of Rs 34.88 crore, RSWM registered Rs 13.24 crore profit in H1, FY26. However, the company’s revenue declined by 2.3 per cent from Rs 2,373 crore to Rs 2,319 crore during the period. Its EBITDA margins expanded by 280 bps to 6.8 per cent from 4.0 per cent during the period while EBITDA rose by 66.1 per cent from Rs 96.21 crore in H1, FY25 to Rs 159.78 crore in H1, FY26.

Nitin Spinners faced a challenging business environment during Q2, FY26 as the company’s net sales declined by 7.59 per cent Y-o-Y to Rs 760.08 crore.

Arvind Fashions (AFL) reported a strong performance for Q2 FY26 as the company achieved an 11.3 per cent Y-o-Y in consolidated revenue, reaching Rs 1,418 crore. This growth was primarily due to AFL's deliberate focus on direct channels, highlighted by an 8.3 per cent increase in like-for-like (LTL) sales across its retail stores and a massive over 50 per cent rise in its online business.

Manmade yarn demand in the India remained slow and sluggish in the post-Diwali period, with the overall industry sentiment staying weak across major hubs. Prices for polyester and viscose yarn slipped by Rs 1-2 per kg as manufacturers looked to offload inventory amid reduced buying. In contrast, polyester–cotton (PC) yarn prices remained stable due to steady demand from its downstream segments.

Adani Energy Solutions (AESL) has secured an agreement to supply 60 MW of green energy to textile manufacturer RSWM. The renewable power will be distributed across RSWM's various plant locations. Under the terms of the power purchase agreement, AESL will take on the responsibility of managing the entire green power value chain to meet the additional energy needs of RSWM. This comprehensive management approach ensures a smooth and reliable transition to renewable sources for the textile company.

The 11th edition of Non-Woven Tech Asia 2025 is being hosted by Delhi from November 6-8, 2025 at the India International Convention & Expo Centre. The premium exhibition provides networking opportunities to the nonwoven trade stakeholders from India and across the world.

The net profit of Shiva Texyarn more than doubled to Rs 5.82 crore, from Rs 2.46 crore reported last year in Q2, FY26.

Rahul Gandhi, Leader of the Opposition (LoP), recently met silk weavers in Bhagalpur, Bihar, to discuss the significant challenges facing the region's silk industry.