Motilal Oswal initiates coverage on 8 textile stocks; sees up to 39% upside led by Gokaldas, Arvind
Brokerage backs India's sourcing-hub thesis amid tariff realignment and global demand recovery. Buy on Gokaldas (TP Rs 1,110, 36% upside), Arvind (TP Rs 670, 30%), Indo Count, Pearl Global, Welspun Living. Neutral on Vardhman, KPR Mill, Trident. Gokaldas pegged for 18% revenue, 33% Ebitda, 73% APAT CAGR over FY26-28.
What happened
Gokaldas Exports · Motilal Oswal initiates coverage on eight Indian textile stocks, citing improving global demand, tariff realignment and India's emergence as
Key facts
- TP Rs 1,110
- 36% upside Gokaldas
- TP Rs 670
- 30% upside Arvind
- 39% upside
- Revenue CAGR 18% Gokaldas FY26-28
- Ebitda CAGR 33%
- APAT CAGR 73%
- Arvind revenue CAGR 15%
Why this matters
The dispersion between Buy-rated apparel exporters and Neutral-rated spinners signals where strategic M&A premiums will concentrate—scout bolt-on garment and home-textile capacity now before the rerating closes the arbitrage window.