Cotton duty waiver cushions losses for Indian textile stocks

Raymond Lifestyle

28/08/2025 09:11

** Shares of Indian textile firms mixed after country extends import duty exemption on cotton to Dec 31

** Duty exemption lets companies import cheaper cotton, easing pressure amid a slowdown in U.S. demand - Cotton Association of India

** Vardhman Textiles VART.NS gains nearly 10% , while Gokaldas Exports GOKL.NS shares trade flat

** Kitex Garments KITE.NS, Raymond Lifestyle RAYL.NS and Welspun Living WLSP.NS down 3.3%, 2.6% and 1.3%, respectively

** Stocks had fallen 1–5% on Tuesday ahead of U.S. tariff roll out

** Indian exports now face U.S. tariffs of up to 50% —among the highest imposed by Washington - disrupting trade with its largest export market

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com))