Textile stocks rally 3-6% as Centre waives cotton import duty for June-Oct 2026 window
Vardhman Textiles, Gokaldas Exports, KPR Mill, Trident, Pearl Global, Raymond Lifestyle and Welspun Living jumped after the finance ministry exempted customs duty on cotton imports from June 1 to October 30, 2026, easing input costs for domestic mills and apparel exporters, especially SMEs.
What happened
Vardhman Textiles · Indian textile and apparel stocks rallied 3-6% after the finance ministry exempted customs duties on cotton imports for five months from
Key facts
- 6%
- 5%
- 4%
- 3%
- June 1 2026
- October 30 2026
Why this matters
Cheaper cotton inputs temporarily level the playing field for SME apparel exporters against Bangladesh and Vietnam, opening a window to pursue tuck-in acquisitions of stressed mid-tier mills or lock long-term supply MOUs with global apparel buyers.