Indian textile stocks rise as government restores benefits for exporters

Alok Industries

24/03/2026 04:32

** Indian textile stocks rise between 1.5% and 3% on Tuesday

** India ​on Monday withdrew a 50% ‌restriction on benefits from ​a program that supports exporters called ⁠the Remission ​of Duties and ​Taxes on Export Products

** Program reimburses exporters for taxes, duties and levies at central, state, and local levels that are not refunded under any other government program but are incurred during the manufacture and distribution of export products

** The move is positive for home textile and technical textile companies which avail benefits under the RoDTEP scheme, providing immediate relief amid challenging macro conditions,  analysts at ICICI Securities say

** Welspun Living WLSP.NS leads the pack with a 3% gain, Alok Industries ALOK.NS is up 2.3% and Arvind ARVN.NS advances 1.5%

** Indo Count ICNT.NS and Gokaldas Exports GOKL.NS up about 2% and 3% respectively

**YTD, WLSP down 13%, ALOK down 22%, ICNT down ~19%, ARVN up ~11% and GOKL down 21%

 (Reporting by Komal Salecha in Bengaluru)

 ((Komal@thomsonreuters.com))