Emkay turns bullish on Arvind, Nitin Spinners, Sanathan Textiles as India textile cycle inflects

Emkay Global initiates Buy on three textile names with targets of ₹700 (Arvind), ₹750 (Nitin Spinners) and ₹550 (Sanathan Textiles), citing PLI, PM MITRA parks, EU/UK/Australia FTAs, a 7-8% China tariff edge and the GST cut on MMF to 5% from 12%. Sector APAT CAGR pegged at 45% over FY26-28E.

— Source publishedTue, 9 Jun, 2026, 13:21 IST·First seen Tue, 9 Jun, 2026, 13:30 IST·Source Mint · Markets

What happened

Emkay Global initiates Buy on Arvind, Nitin Spinners and Sanathan Textiles, citing India's textile inflection driven by PLI, PM MITRA parks, FTAs with

Key facts

  • Target ₹700 Arvind
  • Target ₹750 Nitin Spinners
  • Target ₹550 Sanathan Textiles
  • Revenue CAGR 21% FY26-28E
  • EBITDA CAGR 34%
  • APAT CAGR 45%
  • 7-8% tariff advantage vs China
  • GST on MMF cut to 5% from 12%

Why this matters

Scout bolt-on targets in MMF spinning and PM MITRA park anchors while valuations in mid-tier textile names still lag the cycle inflection.