Apparel exports tumble 14.17% in May 2026 even as textiles edge up 2.47%

CITI data shows Indian apparel exports fell 14.17% YoY in May 2026, while textile exports grew just 2.47%. Cumulative April-May 2026 textile and apparel exports are down 4.44%, pointing to softening global sourcing demand and headwinds for apparel manufacturers tied to export markets.

— Source publishedMon, 15 Jun, 2026, 18:57 IST·First seen Mon, 15 Jun, 2026, 19:00 IST·Source Apparel Resources India

What happened

Citi · Indian textile exports grew 2.47% in May 2026 while apparel exports fell 14.17%, per CITI analysis. April-May 2026 cumulative textile and apparel exports

Key facts

  • 2.47%
  • 14.17%
  • 3.03%
  • 12.98%
  • 4.44%

Why this matters

Scout distressed apparel exporters with strong client books but stretched balance sheets, as a sustained demand softening could open accretive bolt-on opportunities at compressed valuations over the next two quarters.