Welspun Living

** India's textile stocks rise after Motilal Oswal initiates coverage, saying the sector's addressable opportunity has expanded following free trade agreements and tariff shifts

** Brokerage assigns "buy" ratings to Gokaldas Exports GOKL.NS, Indo Count ICNT.NS, Arvind ARVN.NS, Pearl Global PGIL.NS and Welspun Living WLSP.NS

** Starts Vardhman Textiles VART.NS, KPR Mill KPRM.NS and Trident TRIE.NS at "neutral"

** GOKL, ICNT, ARVN, PGIL and WLSP gain between 2.4% and 10%, while VART rises 1.3%, KPRM jumps 8% and TRIE adds 4.6%

** Motilal projects a 12-month rise of 36% for GOKL, 39% for ICNT, 30% for ARVN, 28% for PGIL and 23% for WLSP

** Says export growth is set to recover, supported by trade agreements with the UK and European Union and favourable tariff realignments

** With India holding only 4%-5% of global apparel trade, the brokerage sees scope for share gains

** Lower additional U.S. tariffs of around 10% for India compared to the 50% threatened in mid-2025, levels the playing field with competitors such as Bangladesh (19%), Indonesia (19%) and Vietnam (20%), says Motilal Oswal

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of India's textile manufacturers rise 1.3% to 4.1% as UK-India trade deal set to take effect next month

** India said its concerns over the UK's forthcoming steel tariff regime, ‌which threatened to delay implementation of the agreement, have been addressed

** Vardhman Textiles VART.NS up 1.6%; Welspun Living WLSP.NS rises 4.1%; Trident TRIE.NS gains 1.6%

** Indo Count Industries ICNT.NS rises 2%; Sportking India SPOT.NS jumps 1.3%

** YTD, VART up 45.4%, WLSP up 15.5%, TRIE down 5.2%, ICNT up 23.8%, and SPOT up 106.8%

(Reporting by Abhinav Parmar in Bengaluru)

(([email protected];))

June 16 (Reuters) - Welspun Living Ltd WLSP.NS:

• WELSPUN LIVING - APPROVES $13 MILLION CAPEX FOR PILLOW MANUFACTURING UNIT IN NEVADA, USA

Source text: ID:nBSE3ZDv5K

Further company coverage: WLSP.NS

(([email protected];))

** Shares of India's textile manufacturers rise 5% to 11% after the scrapping of cotton import duty

** India scraps customs duties on cotton imports for five months seeking to boost supplies for textile exporters amid strong overseas demand for yarn

** Vardhman Textiles VART.NS up 6.1%; Welspun Living WLSP.NS rises 5.2%; Trident TRIE.NS gains 3%

** Indo Count Industries ICNT.NS rises 7%; Sportking India SPOT.NS jumps 11.2%

** YTD, VART up 41.1%, WLSP up 11.4%, TRIE down 7.1%, ICNT up 17.8%, and SPOT up 109.9%

(Reporting by Abhinav Parmar in Bengaluru)

(([email protected];))

May 15 (Reuters) - Welspun Living Ltd WLSP.NS:

• WELSPUN LIVING LTD - APPROVES BUYBACK OF SHARES UP TO 2.52 BILLION RUPEES

• WELSPUN LIVING LTD - APPROVED BUYBACK AT A PRICE OF 175 RUPEES PER SHARE

• WELSPUN LIVING LTD MARCH-QUARTER CONSOL NET PROFIT 1.04 BILLION RUPEES

• WELSPUN LIVING LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 24.35 BILLION RUPEES

Source text: ID:nBSE1H27cp

Further company coverage: WLSP.NS

(([email protected];))

April 1 (Reuters) - Welspun Living Ltd WLSP.NS:

• WELSPUN LIVING LTD - WELSPUN USA INC HAS PARTIALLY COMMENCED COMMERCIAL PRODUCTION FROM MARCH 31

Source text: ID:nBSE2zXT2c

Further company coverage: WLSP.NS

(([email protected];;))

** 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)

(([email protected]))

March 19 (Reuters) - Welspun Living Ltd WLSP.NS:

• WELSPUN LIVING LTD- APPROVED ACQUISITION OF STAKE IN WELSPUN CORPORATE SERVICES LIMITED

Source text: ID:nNSECwWbX

Further company coverage: WLSP.NS

(([email protected];))

**Indian textile stocks fall as much as 2.3% on Thursday

**Decline comes after U.S. President Donald Trump's administration launches new trade investigation into excess industrial capacity in 16 major trading partners, including India

**The "Section 301" unfair trade practices investigation could lead to new tariffs imposed against the countries

**Indian textile exporters have significant exposure to the U.S., making them vulnerable to trade restrictions

**Welspun Living leads losses with 2.3% drop, trailed by a 2% decline each in Alok Industries ALOK.NS and Arvind ARVN.NS

** Indo Count ICNT.NS and Gokaldas Exports GOKL.NS down about 1% each; benchmark Nifty 50 .NSEI falls 0.53%

**YTD, WLSP down 11.3%, ALOK down 18.9%, ICNT down 14.2%, ARVN up 3.5% and GOKL down 18.8%

(Reporting by Mridula Kumar in Bengaluru)

(([email protected];))

Feb 12 (Reuters) - Welspun Living Ltd WLSP.NS:

• WELSPUN LIVING Q3 CONSOL NET PROFIT 2.1 MILLION RUPEES

• WELSPUN LIVING Q3 CONSOL REVENUE FROM OPERATIONS 22.62 BILLION RUPEES

Source text: ID:nBSE5VDB58

Further company coverage: WLSP.NS

(([email protected];))

** 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 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)

(([email protected]))

** 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)

(([email protected];))

** 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)

(([email protected]; +91 8697274436;))

** 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)

(([email protected]))

Nov 12 (Reuters) - Welspun Living WLSP.NS:

• APPOINTS MANISH BANSAL AS PRESIDENT & CFO EFFECTIVE JANUARY 1, 2026

Source text: ID:nNSE8GsCxP

Further company coverage: WLSP.NS

(([email protected];))

** 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)

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India File is published every Tuesday. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here.

Aug 5 - By Nidhi C Sai, Editor Online Production, with global Reuters staff

Trump's trade punches on India appear to be heavy. A sweeping 25% tariff on key exports from the nation and a threat to "substantially" raise it over its Russian oil purchases look set to upend months of negotiations and squeeze labour-intensive sectors in the world's fifth-largest economy.

While those moves are making some Indian companies ponder their future, U.S. firms are unlikely to blink. From Apple AAPL.O to Google, big names are doubling down on India and betting on its long-term promise despite the rising geopolitical heat. That's our focus this week.

We also detail how a Chinese missile, an intelligence lapse, and a surprise strike helped Pakistan shoot down a Rafale fighter jet, marking one of the most dramatic air battles in years. Scroll down for more on that.

THIS WEEK IN ASIA

** South Korea, US prepare for summit with details of trade deal unresolved

** China's independent oil firms elbow into Iraq's majors-dominated market

** Japan ready to compile extra budget to cushion US tariff blow, PM Ishiba says

** China's solar giants quietly shed a third of their workforces last year

** Old trees and ageing farmers worsen outlook for top palm oil exporters

KICKED IN THE TEETH BY US TARIFFS

India is bracing for fresh pain on trade as U.S. President Donald Trump imposed 25% tariffs on a wide range of its goods, treating Asia's third-largest economy more harshly than other major U.S. partners.

And in a move that India said was unjustified, Trump threatened to raise tariffs again over its purchase of oil from Russia.

The tariff imposition is expected to ripple through India's export engine. High-employment sectors, especially readymade garments, gems, jewellery, electronics and marine products, face steep duties in their crucial U.S. market.

"While further trade talks may bring the tariff rate down, it appears unlikely that India will secure a significantly better outcome than its eastern neighbours," said Priyanka Kishore, an economist at Asia Decoded.

Economists warn of a near-term hit to India's growth and sentiment. The rupee weakened after last week's announcement, and some analysts expect up to 40 basis points shaved off GDP in the year to March 2026 if the tariffs stay.

"If these tariffs remain in place, they could undermine India's growing appeal to businesses seeking trade diversion in low-value-added manufacturing sectors," said Raphael Luescher, Co-Head of EM equities at Vontobel.

India's $45.7 billion trade surplus with the U.S., which is equivalent to 1.2% of GDP in 2024, has been a major source of resilience amid global slowdowns. Halving that, some analysts say, could dent the 'safe haven' narrative that's helped India attract global capital even as China cools.

The most immediate pain is in workforce-heavy sectors. Apparel exporters such as Welspun Living WLSP.NS, Gokaldas Exports GOKL.NS, and Indo Count ICNT.NS, who send up to 70% of their output to the U.S., have warned of potential order losses and delayed expansion. Diamond and jewellery firms too are forecasting a slump in shipments ahead of the vital holiday season. The U.S. is India's largest market for garments and jewellery, with nearly $22 billion in exports in 2024.

"A blanket tariff of this magnitude will inflate costs, delay shipments, distort pricing, and place immense pressure on every part of the value chain, from lower-level worker to large manufacturers," said Kirit Bhansali, chair of the Gem & Jewellery Export Promotion Council.

The Indian government, under pressure to protect farmers ahead of elections in a key state, has refused to concede on agricultural access - a major U.S. demand. That has stalled trade talks despite months of backchannel engagement. In Parliament, trade minister Piyush Goyal said India remains committed to "protecting and promoting the welfare" of its farmers and entrepreneurs.

US FIRMS LIKELY TO STAY THE COURSE

Even as Trump's latest tariffs threaten to disrupt India's China-plus-one ambitions, U.S. corporate confidence in the country is expected to remain firm, driven by its vast consumer market and limited manufacturing and investment ties to Beijing.

Apple has become more reliant than ever on India to feed its U.S. supply chain. Nearly all of Foxconn's 2317.TW $3.2 billion worth of iPhones exported from India between March and May went to the U.S. Between April and June, 71% of iPhones sold in the U.S. were India-made, up from just 31% a year ago.

"Making supply chain adjustments, particularly with new iPhone models nearing release, is unlikely due to the complex factors involved," said Tarun Pathak of Counterpoint Research. "It is expected to be business as usual."

Apple is not alone. Alphabet's GOOGL.O Google is investing $6 billion in Andhra Pradesh to build Asia's largest data center by capacity, including $2 billion in renewable energy. Drugmaker Amgen's AMGN.O CEO said in February the company will invest about $200 million in an AI-driven innovation hub in southern India, and Tesla TSLA.O launched its Model Y SUV in Mumbai just last month, despite import tariffs in India that can exceed 100% on cars.

U.S. retailer Costco COST.O is also joining the fray, with plans to open its first Global Capability Centre in Hyderabad, focused on technology and research operations that will initially employ 1,000 people and scale up.

India's growing local component ecosystem, wage levels around half of China's, and federal incentives make it more cost-competitive than ever, especially in tech and electronics manufacturing. In sectors such as pharmaceuticals and chemicals, exposure to the U.S. remains high, but players are already seeking workarounds or shifting supply chains to protect earnings.

In this standoff, short-term pain may sting India, but long-term positioning is still in play. Talks are expected to resume in mid-August, and while a quick breakthrough may not materialise, analysts say the fundamentals of India's economic story remain intact.

Sign up for the Reuters Tariff Watch newsletter here.

Can India shield its politically sensitive farm sector and stop its Russian oil purchases while keeping its trade ties with Washington from unravelling? Or will economic pragmatism force a compromise in the face of Trump's tariff shock? Write to me at [email protected].

THE WEEK'S MUST READ

A Chinese-made missile and an intelligence lapse helped Pakistan shoot down a Rafale fighter jet during a major India-Pakistan aerial clash in May, officials said. The Pakistani J-10C fired a PL-15 missile from around 200 km (124.3 miles), farther than Indian pilots had expected, after Delhi underestimated the missile's true range. The hour-long battle, involving about 110 aircraft, followed Indian strikes on Pakistan after a deadly militant attack in Indian Kashmir.

Pakistan used a "kill chain" linking Chinese jets, radar, and surveillance planes to track Indian aircraft without detection.

The incident raised doubts over Western fighter jets' dominance and boosted interest in Chinese alternatives like the J-10.

Dive into this insight by Reuters journalists Saeed Shah and Shivam Patel on how Pakistan brought down India's top fighter jet with Chinese tech.

MARKET MATTERS

Indian banks are tightening consumer lending just as rate cuts kick in, raising fears that cautious credit and weak household finances could dampen a consumption-led recovery.

Lenders are slowing disbursals for personal loans, credit cards, and vehicle financing. Growth in these segments slipped to single-digit percentage in May, from between 15% and 26% a year earlier, Reserve Bank of India data showed.

Top privately owned banks such as HDFC Bank HDBK.NS, ICICI Bank ICBK.NS, Axis Bank AXBK.NS, and Kotak Mahindra Bank KTKM.NS as well as large non-bank lender Bajaj Finance BJFN.NS have seen bad loans rise in the April-June quarter, hitting their bottom lines.

Read this in-depth report by Reuters journalists Jaspreet Kalra and Ashwin Manikandan.

(Reporting by Nidhi C Sai; Editing by Muralikumar Anantharaman)

(([email protected]; +91 70456 55251))

** 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];))

July 1 (Reuters) - Welspun Living Ltd WLSP.NS:

• WELSPUN HOME SOLUTIONS COMMENCES COMMERCIAL PRODUCTION FOR PHASE 1

Source text: ID:nNSEbL5kbD

Further company coverage: WLSP.NS

(([email protected];;))

** Textile manufacturer Welspun Living WLSP.NS rises 3.8% to 139 rupees

** Jefferies initiates coverage of the stock with 'buy', PT at 185 rupees - implying 33% upside to current price

** Says, WLSP would be a key beneficiary of India's potential trade deals with the U.S. and EU

** The U.S. is WLSP's largest market; the co has marquee clientele that includes Walmart and Costco and deep integration - Jefferies

** Adds, although tariffs are a near-term headwind, WLSP is still better placed due to lower tariffs on India

** Jefferies expects WLSP to also benefit from diversifying to new categories such as advanced textiles and flooring, as its emerging segments are clocking faster revenue growth than its core home textile segment

** WLSP rated 'strong buy' on average by 8 analysts; median PT at 185 rupees - LSEG data

** WLSP shares up ~7% in the last 12 months, including session's gains

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

May 29 (Reuters) - Welspun Living Ltd WLSP.NS:

• MARCH-QUARTER CONSOL NET PROFIT 1.32 BILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 26.46 BILLION RUPEES

• DIVIDEND 1.7 RUPEES PER SHARE

• TO ACQUIRE 84.28% IN DRAPE STORY INTERIORS

• DEAL FOR 145.7 MILLION RUPEES

Source text: ID:nnAZN3WUVWJ

Further company coverage: WLSP.NS

(([email protected];;))

** India's textile stocks surge for second consecutive session after Britain and India clinch landmark trade deal

** Welspun Living WLSP.NS, Gokaldas Exports GOKL.NS, and S.P. Apparel SPAP.NS jump 7.4%-7.6%, all three hit three-month highs

** KPR Mill KPRM.NS jumps over 6% to hit lifetime high

** The deal, between the world's fifth and sixth largest economies, has been concluded after three years of stop-start negotiations and aims to increase bilateral trade by a further 25.5 billion pounds ($33.90 billion) by 2040

** UK imports ~$25 billion of textiles per year, which is dominated by China (21%) and Bangladesh (13%), while India's share is 5%-6%, Jefferies says

** The new deal, which paves way for zero tariffs on most textile imports into UK, puts Indian companies at par with Bangladesh and Pakistan, and at an advantage compared to China - brokerage

** Among other textile stocks, Trident TRIE.NS, Arvind Ltd ARVN.NS, and Alok Industries ALOK.NS up 2.6%, 3.4%, and 5.5%, respectively

($1 = 0.7522 pounds)

(Reporting by Vivek Kumar M)

(([email protected]))

Oct 28 (Reuters) - Welspun Living Ltd WLSP.NS:

• WELSPUN LIVING LTD SEPT-QUARTER CONSOL NET PROFIT 2.01 BILLION RUPEES

• WELSPUN LIVING LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 28.73 BILLION RUPEES

• WELSPUN LIVING - PROJECT TERRY TOWEL PHASE 1 EXPECTED TO BE COMMISSIONED BY Q3FY25

• WELSPUN LIVING - APPROVED TOTAL CAPEX 10.50 BILLION RUPEES FOR PUTTING UP NEW TOWEL, BEDSHEET CAPACITY

• WELSPUN LIVING - APPROVED TOTAL CAPEX 10.50 BILLION RUPEES IN UNIT

Source text: [ID:]

Further company coverage: WLSP.NS

(([email protected];))

** Shares of home textiles maker Welspun Living WLSP.NS rise 3.2% to 183.6 rupees

** Co late on Tuesday said its unit Welspun USA approved acquisition of home textiles maker Christy Home

** Acquisition conducted at Christy Home's face value of $300,000, Welspun said

** After the acquisition, co's unit will trade in home textiles products of Christy brand in the U.S.

** With session's gains, stock extends YTD jump to 26%

(Reporting by Yagnoseni Das in Bengaluru)

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Sept 17 (Reuters) - Welspun Living Ltd WLSP.NS:

• UNIT APPROVED ACQUISITION OF CHRISTY HOME INC

Source text for Eikon: ID:nNSE6sdg0r

Further company coverage: WLSP.NS

(([email protected];;))

Sept 10 (Reuters) - Welspun Living Ltd WLSP.NS:

• INVESTMENT IN WELSPUN BHARGAVI

• INVESTMENT FOR SETTING-UP OF 4.60 MWP SOLAR POWER PLANT AT TELANGANA

• INVESTMENT OF 11.5 MILLION RUPEES

• PROPOSES TO ENTER INTO POWER PURCHASE AGREEMENTS WITH WBPL FOR 6.5 MILLION RUPEES

Source text for Eikon: ID:nBSEbMHLWh

Further company coverage: WLSP.NS

(([email protected];;))

** Shares of Welspun Living WLSP.NS fall as much as 4.5% to 198 rupees, last down 3.1%

** Shares changed hands in multiple block deals in range of 206.2-212.1 rupees a share, per LSEG data

** Stock opened 2.3% higher

** WLSP eyes busiest trading session since Oct. 2023

** Overall more than 28 mln shares traded, volumes at 4.4x the 30-day avg

** Analysts' avg rating on stock is "Buy", median PT is 210 rupees

** Including session's gains, stock up ~39% YTD

($1 = 83.8780 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Indian textile companies and garment makers surge between 3-11%

** Welspun Living WLSP.NS climbs 9%, Trident TRIE.NS up 8%, Gokaldas Exports GOKL.NS jumps 11%

** KPR Mill KPRM.NS rises 6%, Arvind ARVN.NS gains 4.3%, Arvind Fashions ARVF.NS is up 3.5%, Go Fashion GOFA.NS gains 3%

** Political unrest in Bangladesh is expected to disrupt the country's clothing industry, potentially affecting global apparel retailers

** Bangladesh was the third-largest clothing exporter in the world last year

** There are some hopes that because of political unrest, big brands outsourcing their manufacturing in Bangladesh may see India as an option - Pratik Tholiya, analyst with Systematix

** Some of the business may come to India. But, the manufacturing setup in India is not as robust as Bangladesh - Tholiya

(Reporting by Sethuraman NR in Bengaluru)

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