Vardhman Textiles

May 7 (Reuters) - Vardhman Textiles Ltd VART.NS:

• VARDHMAN TEXTILES LTD - APPOINTS SUCHITA JAIN AS VICE-CHAIRPERSON MANAGING DIRECTOR FOR 5 YEARS FROM APRIL 2026

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March 11 (Reuters) - Vardhman Textiles Ltd VART.NS:

• INSERTS OBJECT CLAUSE FOR ELECTRICITY GENERATION AND SUPPLY OPERATIONS

Source text: ID:nNSE9zmH1D

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** Indian textile stocks fall between 2.8% and 7%

** Stocks fall after Bangladesh, U.S. sign trade deal that exempts some textile and apparel exports from tariffs if they use American cotton or man-made fibres

** Garment producer Gokaldas Exports GOKL.NS down 7%

** Home textiles producer Welspun Living WLSP.NS down 6%, Arvind ARVN.NS falls 5.2%, while Vardhman textiles VART.NS drops 4.7%

** Trident TRIE.NS, Indo Count Industries ICNT.NS down about 3% each; KPR Mill KPRM.NS sheds 2.8%

** "Investors appear to be reacting to some of the tariff exemptions given to Bangladesh. However, details remain scant and we may not see a material impact for India's large textile players," says Prerna Jhunjhunwala, VP - Lead - Textiles and Retail Sector at Elara Capital

** As of Monday, textile stocks rose between 10% and 45% from February 2, when India-U.S. trade deal was announced

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Indian textile stocks rise between 0.5% to 3.6%

** Alok Industries ALOK.NS up 0.5%, Trident TRIE.NS gains 2.02%, Gokaldas Exports GOKL.NS climbs 3.6% and Arvind Ltd ARVN.NS rises 3.5%

** The U.S. and India agreed on an interim trade framework that lowers tariffs on key Indian exports, including textiles and apparel, to 18%

** The U.S. is India's largest textile export market, with shipments worth about $10.5 billion, largely driven by apparel -- India govt statement

** YTD, ALOK down 0.2%, TRIE up 3.6%, GOKL gained 5.3% and ARVN up 16.1%

(Reporting by Surbhi Misra in Bengaluru)

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** Shares of Indian textile stocks jump between 8.5% and 20%

** U.S. President Donald Trump on Monday announced a trade deal with India, slashing tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers

** Indo Count ICNT.NS and KPR Mills KPRM.NS lead gains among pack, jumping 20%

** Gokaldas Exports GOKL.NS, Welspun Living WLSP.NS zoom 19% each

** Trident TRIE.NS, Arvind ARVN.NS surge 13% each

(Reporting by Kashish Tandon in Bengaluru)

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** Indian textile stocks jump between 2.2% and 5.6%

** Indian Finance Minister Nirmala Sitharaman announced setting up of mega textile parks and launched a five point plan for textile firms in union budget for FY27

** Gokaldas Exports GOKL.NS leads gains among pack with 5.6% jump, trailed by Vardhman Textiles VART.NS with its 4.3% climb

** KPR Mill KPRM.NS, Arvind ARVN.NS up 3.9% and 3.7%, respectively

(Reporting by Kashish Tandon in Bengaluru)

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

** Welspun Living WLSP.NS, Indo Count Industries ICNT.NS, and KPR Mill KPRM.NS rise 6%, 4.5% and 4%, respectively; Trident TRIE.NS, Arvind ARVN.NS and Vardhman Textiles VART.NS up 2%-2.5%

** Gokaldas Exports GOKL.NS down 2.5%

** 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)

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** Shares of Indian textile firms and seafood exporters jump on optimism on India–U.S. trade talks, and a likely India–EU trade deal

** Among textile firms, Trident TRIE.NS rises 3%, Vardhman Textiles VART.NS up 3.1%, Gokaldas Exports GOKL.NS climbs 5.3% and Welspun Living WLSP.NS jumps 6%

** Seafood exporters Apex Frozen Foods APEX.NS, Coastal Corporation COAS.MS and Avanti Feeds AVNT.NS trading higher by 3.4%, 2.4% and 6.4% respectively

** U.S. president Donald Trump signalled optimism on a bilateral trade deal with India, while speaking to Moneycontrol

** A India-EU trade deal is also on the cards, with a deal likely to be concluded in the next few days, Spain's Foreign Minister José Manuel Albares said on a visit to New Delhi on Wednesday

** United States is the biggest market for India's shrimp farmers and exporters; India also holds a 5%-6% share of EU's $125 billion worth of textiles and apparel imports

(Reporting by Anuran Sadhu in Bengaluru)

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Jan 21 (Reuters) - Vardhman Textiles Ltd VART.NS:

• DEC-QUARTER CONSOL NET PROFIT 1.66 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 25.05 BILLION RUPEES

Source text: ID:nBSE7v1Q5M

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** Elara Capital says Indian textile companies likely to post a revenue growth of 10.2% y/y and 5.9% q/q in Q3 despite facing 50% U.S. tariffs throughout the quarter

** Says growth driven by higher garment and yarn volumes

** Selects Arvind Fashions ARVF.NS as its top pick and forecasts co will outperform peers, including KPR Mill KPRM.NS and Vardhman Textiles VART.NS, with rev growth of 13.1% y/y

** In Q3, KPRM and ARVF fell 11% and 5.5%, respectively, while VART climbed ~6%

** Indian textile sector has a strong long-term outlook despite near-term tariff risks, driven by cost advantages, value addition, and government initiatives, Elara says

(Reporting by Urvi Dugar in Bengaluru)

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** Shares of Indian textile firms fall between 2% and 5%

** Gokaldas Exports GOKL.NS loses the most among the pack, down 5.25%

** Welspun Living WLSP.NS down 3.27%, Arvind ARVN.NS falls 2.28%, KPR Mill KPRM.NS loses 1.83%

** Indo Count ICNT.NS and Trident TRIE.NS retreat 2.87% and 3.32% respectively

** Drop amid a weaker broader market, with benchmark Nifty 50 index .NSEI down 0.3% on the day .BO

** Markets unsettled over absence of a long-awaited India-US trade deal, concerns that US President Donald Trump may hike tariffs on Indian goods, analysts say

** Indian goods face up to 50% US tariffs since last year; textiles are among the key export sectors

** In 2025, GOKL shed the most among the pack, down ~35%

(Reporting by Komal Salecha and Hritam Mukherjee in Bengaluru)

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Dec 12 (Reuters) - Vardhman Textiles Ltd VART.NS:

• MAKES ADDITIONAL INVESTMENT OF 50.5 MILLION RUPEES IN SONE SOLAR ENERGY ONE

Source text: ID:nBSE8mJHQM

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** 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)

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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)

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** 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)

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** 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)

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** 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)

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** 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)

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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

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** 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)

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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

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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

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** Shares of Vardhman Textiles VART.NS rise 5.3% to 460.40 rupees

** The textile manufacturer's Q2 consol net profit rose 46.6% Y/Y, revenue up 4.4% Y/Y

** Trading vols at 1.6 mln, 9.2X 30-day average

** VART up ~19% YTD

(Reporting by Vijay Malkar)

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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

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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

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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

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** 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)

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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

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