Indian textile firms rise as EU trade deal to cut tariffs to zero

KPR Mill

27/01/2026 08:48

Updates

** Shares of Indian textile makers rise as India-EU trade deal expected to benefit them

** India-EU trade deal to cut tariffs on textiles to zero

** Welspun Living WLSP.NS, Indo Count Industries ICNT.NS, and KPR Mill KPRM.NS rise 3.7%, 2.7% and 7.1%, respectively; Trident TRIE.NS, Arvind ARVN.NS and Vardhman Textiles VART.NS up 1.1%-2%

** Gokaldas Exports GOKL.NS down 3.7%

** India-EU trade deal significantly positive for cos, particularly home textiles and garment players - PhillipCapital

** Deal expected to give level-playing field to Indian textile exporters, PhillipCapital says

** India exports about $7.7 billion worth of textiles and apparel to EU market, which represent ~20% of the country's textile exports

** Most Indian home textile players mainly focused on U.S. market as they face 12% duty in EU market, compared to zero duty on Vietnam, Bangladesh and Pakistan - brokerage

** PhillipCapital expects short term challenges during transition as EU has suspended preferential tariff benefits for Indian apparel exports from 1 January 2026 to 2028

 (Reporting by Vivek Kumar M and Nandan Mandayam)

 ((VivekKumar.M@thomsonreuters.com;))