VTL

** Shares of Indian textile firms jump after U.S. President Donald Trump says his administration is continuing negotiations to address trade barriers with India

** Trump and Prime Minister Narendra Modi will likely talk in "upcoming weeks," raising hopes of a deal after weeks of discord

** Welspun Living WLSP.NS leads gains, up 8.6%, followed by Gokaldas Exports GOKL.NS, up 6.8%

** Vardhman Textiles VART.NS, Arvind ARVN.NS, KPR Mill KPRM.NS rise 5%, 3.3% and 2.1%, respectively

** Alok Industries ALOK.NS, Trident TRIE.NS and Indo Count ICNT.NS up 5.4%, 5.3% and 5.5%, respectively

** WLSP, GOKL, ICNT, TRIE derive 40%-70% of their revenues from the U.S.; the country is the biggest market for India's garment exporters

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Adds pricing in the second paragraph, supplier countries in the fourth paragraph, trader comments from the 10th

By Rajendra Jadhav and Nikunj Ohri

MUMBAI/NEW DELHI, Aug 28 (Reuters) - India has extended an import duty exemption on cotton by three months, until the end of December, a government order showed on Thursday, as New Delhi seeks to support the local garment industry that has been hit by hefty U.S. tariffs.

The imports are likely to support global cotton prices CTc2, which erased losses and rose 0.2% after the order. However, they are likely to reduce demand for local cotton, pressuring domestic prices, market watchers said.

The world's second-biggest cotton producer had earlier announced an exemption on cotton imports from an 11% duty until September-end and has now extended that to December 31.

The cotton is likely to be sourced from Australia, Brazil, the United States and Africa, which have a surplus available for export, industry officials said.

U.S. President Donald Trump's doubling of tariffs on imports from India to as much as 50% on good such as garments and jewellery took effect on Wednesday.

The United States is India's largest market for garments and jewellery, worth nearly $22 billion in 2024. India has a 5.8% share in the U.S. garment market, behind China, Vietnam and Bangladesh.

The duty exemption until year-end will let Indian textile companies import cheaper cotton, easing pressure amid a slowdown in U.S. demand, Atul Ganatra, president of the Cotton Association of India, told Reuters.

"With the duty-free extension, imports could hit a record 4.2 million bales this year. Strong imports are likely to continue into the first quarter of next year as well," Ganatra said.

India's cotton marketing year runs from October to September.

The earlier import window, ending in September, was too narrow, said a New Delhi-based trader with a global trading house.

Textile mills could not import cotton during that period, as the voyage from exporting countries typically takes more than a month. However, they can now place orders for large quantities for the subsequent period, the trader said.

The landed cost of imported cotton is nearly 5% to 7% lower than that of local supplies, and the quality is also superior, said a Mumbai-based trader.

"Most of the imports will arrive around the December quarter, just when the local crop hits the market. This is likely to push local prices down," the trader said.

(1 Indian bale = 170 kg)

(Reporting by Nikunj Ohri and Rajendra Jadhav; Editing by Sudipto Ganguly and Christopher Cushing)

(([email protected]; https://twitter.com/TanviMehta710;))

** Indian textile stocks fall after U.S. confirms 25% additional tariff on Indian-origin goods starting Wednesday

** Indian exports will now face U.S. duties of up to 50% - among the highest imposed by Washington

** The new duties will apply to goods entering the U.S. for consumption or withdrawn from warehouse for consumption from 12:01 a.m. EDT on Wednesday or 9:31 p.m. IST

** Kitex Garments KITE.NS, Raymond Lifestyle RAYL.NS and Welspun Living WLSP.NS down 5%, 2.5% and 2%, respectively

** Vardhman Textiles VART.NS and Gokaldas Exports GOKL.NS fall about 1%

** Last week, India suspended an 11% import duty on cotton until September 30

** U.S. is the biggest market for India's garment exporters; tariffs are leading to order cancellations and making them uncompetitive against Bangladesh and Vietnam, which have U.S. duties of 20%

** YTD, RAYL down 45%, GOKL down 38%

(Reporting by Urvi Dugar)

(([email protected]))

** Indian textile firms rise after country removes import duty on cotton from August 19 to September 30

** Vardhman Textiles VART.NS, among India's biggest yarn producers, up 8% to 442.2 rupees

** Kitex Garments KITE.NS, Welspun Living WLSP.NS and Raymond Lifestyle RAYL.NS up 5%, 4% and 3.4%, respectively

** Gokaldas Exports rises 2.4%

** India's garment industry is reeling from a steep 50% tariff on U.S. shipments, compared to a 20% rate for Bangladesh and Vietnam and 30% for China

** Industry groups have said exemptions on cotton imports, which were subject to an 11% duty, will make the sector more competitive

** Industry officials expect government to extend duty-free cotton imports beyond September

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

** Indian textile stocks down between 1% and 3%

** Trump executive order imposes additional 25% tariff on goods from India for Russian oil trade

** KPR Mill KPRM.NS leads decline with 2.6% drop, Gokaldas Exports' GOKL.NS down 2.2%

** Welspun Living WLSP.NS, Vardhman Textiles VART.NS Indo Count ICNT.NS down ~2%; Trident TRIE.NS drops 1%

** WLSP, GOKL, ICNT, TRIE derive 40%-70% of their revenues from the U.S.

** They fell 3%-7% on July 31 when Trump announced 25% tariffs on Indian products, along with undisclosed penalty for New Delhi's trade with Moscow

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Indian textile stocks down between 3% to 7%

** Gokaldas Exports GOKL.NS leads pack with 7% decline, Welspun Living WLSP.NS drops ~5%

** Vardhman Textiles VART.NS and Indo Count Industries ICNT.NS lose 3.2% and 3.8% respectively

** KPR Mill KPRM.NS and Trident TRIE.NS shed 2.5% each

** Drop after U.S. President Donald Trump slapped 25% tariffs on Indian products, along with undisclosed penalty for New Delhi's trade with Moscow

** Broader markets .NSEI, .BSESN down 0.7% .BO

** WLSP, GOKL, ICNT, TRIE derive 40%-70% of their revenues from the U.S. - brokerage Jefferies

** Trump tariffs a "hit to the safe haven perception" of India vs other peer countries - CLSA

** Apparels, having high existing tariffs, still have more to lose - Bernstein

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

June 24 (Reuters) - Vardhman Textiles Ltd VART.NS:

• VARDHMAN TEXTILES LTD - INVESTS 166.7 MILLION RUPEES IN RENEW GREEN (MPR ONE)

Source text: ID:nNSEXjt7z

Further company coverage: VART.NS

(([email protected];))

** Textile stocks gain between 4% and 9%; Vardhman Textiles VART.NS, with presence in more than 75 countries, top gainer, soaring 8.9%

** Arvind ARVN.NS rises 4.3%, KPR Mill KPRM.NS advances 6.5%, Nitin Spinners NISP.NS jumps 4.45% and Gokaldas Exports gains 8.16%

** Donald Trump's 26% reciprocal tariffs on India lower than those on competitors like Bangladesh (37%), Vietnam (46%) and Cambodia (49%)

** Ajay Sahai, Director General at Federation of Indian Export Organizations, says, "We will be looking for some diversion of business from other countries to India"

** "For India, the advantage is a potential bilateral trade agreement with the U.S."

** Tiruppur Exporters' Association, seeking certain quantity of duty-free cotton exports to the U.S., says it is in talks with ministries

(Reporting by Ananta Agarwal in Bengaluru and Praveen Paramasivam in Chennai)

(([email protected]))

Jan 22 (Reuters) - Vardhman Textiles Ltd VART.NS:

• APPROVES MODERNIZATION IN SPINNING UNITS WITH CAPEX OF 3.30 BILLION RUPEES

• APPROVES REVISION OF CAPEX OF ADDITIONAL 1.55 BILLION RUPEES FOR PROJECTS

Source text: ID:nBSE58N3lW

Further company coverage: VART.NS

(([email protected];;))

Nov 28 (Reuters) - Vardhman Textiles Ltd VART.NS:

• TO INCREASE FABRIC CAPACITY AT VARDHMAN FABRICS BY 31 MILLION METERS P.A.

• TOTAL CAPITAL OUTLAY OF 3.5 BILLION RUPEES FOR CAPACITY INCREASE

Source text: ID:nBSE6PKLqN

Further company coverage: VART.NS

(([email protected];;))

Oct 30 (Reuters) - Vardhman Textiles Ltd VART.NS:

• SEPT-QUARTER CONSOL NET PROFIT 1.97 BILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 25.02 BILLION RUPEES

Source text: ID:nBSE1YG9xC

Further company coverage: VART.NS

(([email protected];;))

Sept 26 (Reuters) - Vardhman Textiles Ltd VART.NS:

• LUDHIANA UNIT DIRECTED NOT TO OPERATE ITS OUTLET FOR EFFLUENT DISCHARGE

Source text for Eikon: ID:nNSE9t6tDy

Further company coverage: VART.NS

(([email protected];;))

Aug 23 (Reuters) - Manomay Tex India Ltd MANO.NS:

• NOT ENTERED INTO ANY JOINT VENTURE WITH VARDHMAN TEXTILES

• NOT AWARDED ANY CONTRACT BY TRIPURA GOVERNMENT

Source text for Eikon: ID:nBSE1ZlvMw

Further company coverage: MANO.NS

(([email protected];))

Oct 31 (Reuters) - Vardhman Textiles Ltd VART.NS:

• SEPT-QUARTER CONSOL NET PROFIT 1.34 BILLION RUPEES VERSUS 2.05 BILLION RUPEES YEAR AGO

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 23.97 BILLION RUPEES VERSUS 24.7 BILLION RUPEES YEAR AGO

Further company coverage: VART.NS

(([email protected];))

** Shares of Vardhman Textiles Ltd VART.NS fall as much as 5.47% after co posts 51% fall in Q4 profit

** Stock posts steepest intraday decline in over three months

** Revenue falls over 8%, while core profit plunges 47%

** Co also declares a dividend of 3.5 rupees per share

** Trading volume is 164,800 shares as of 1:33 p.m. IST, 0.7x the 30-day avg

** Avg rating of six analysts close to 'buy' with median PT of 349.50 rupees, 6.25 above last close - Refinitiv data

** Including session's loss, stock cuts YTD gains to ~9.5%

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

May 2 (Reuters) - Vardhman Textiles Ltd VART.NS:

• ENTERED INTO SHARE SUBSCRIPTION AND SHAREHOLDER'S AGREEMENT WITH RENEW GREEN ENERGY SOLUTIONS AND RENEW GREEN (MPR ONE)

• ENTERS INTO POWER PURCHASE AGREEMENT WITH RENEW GREEN (MPR ONE)

• AGREEMENTS TO SET-UP 11.5 MW WIND SOLAR HYBRID POWER PLANT IN STATE OF MADHYA PRADESH

Source text for Eikon: ID:nBSEbG1N8Z

Further company coverage: VART.NS

(([email protected];))