Who builds India

Who clothes India: the textile makers

The listed companies behind it.

5 listed companies earned ₹47,750 crore from textiles in FY26, up 1.5% on FY25. Reliance Industries Ltd earned the most, 45.0% of it. Grasim Industries Ltd earned the most on each rupee of sales: 10.3%.

Listed companies' sales, FY26

₹47,750 Cr

up 1.5% on FY25

Largest seller

45.0%

Reliance Industries Ltd

Best margin

10.3%

Grasim Industries Ltd

Fastest growing, 3 years

+2.0%

Page Industries Ltd

Who sells the most

Share of the listed companies' sales, FY26

Reliance Industries Ltd₹21,488 Cr (estimate) · 2% of its sales Manufacture of synthetic or artificial filament yarn, including high-tenacity yarn 60% · Manufacture of synthetic or artificial staple fibres, not carded, combed or otherwise processed for spinning 40%

45.0%

Grasim Industries Ltd₹16,932 Cr · 10% of its sales

35.5%

Page Industries Ltd₹5,247 Cr (estimate) · 99% of its sales

11.0%

K P R Mill Ltd₹2,206 Cr (estimate) · 33% of its sales Yarn 83% · Fabric 17%

4.6%

SRF Ltd₹1,877 Cr · 12% of its sales

3.9%

Reliance Industries Ltd had 45.0% of the listed companies' revenue from textiles here, 1.3 times as much as Grasim Industries Ltd, the next largest. The two together sold 80%; the other 3 the rest.

From each company's own sales figures for this kind of product (its reported segment, or its whole sales where that is all it sells). Private makers are not counted, so this is the split among listed companies, not the whole market. An estimate is the share of turnover the company gives this product line in its sustainability report, times its own sales for the year, where its segments do not split it out.

How the sales have grown, and who sold them

Revenue from textiles each financial year in ₹ crore (L = lakh crore), the change on the year before above each column

Reliance Industries LtdGrasim Industries LtdPage Industries LtdK P R Mill LtdSRF Ltd

The listed companies here earned ₹47,750 Cr from textiles in FY26. Counting only the companies with figures in both years, sales went from ₹40,659 Cr in FY23 to ₹28,941 Cr. The biggest rise was in FY26 (+1%) and the weakest year FY25 (-20%). Reliance Industries Ltd's part of the total went from 47% in FY25 to 45% in FY26. Over three years Page Industries Ltd grew fastest, +2.0% a year. Some companies are counted only from a later year (Grasim Industries Ltd from FY25; SRF Ltd from FY25).

Counted from the first year their figures for this are available: Grasim Industries Ltd from FY25; SRF Ltd from FY25. A jump in that year is partly that.

Who earns the most on each rupee

Operating profit as a share of revenue from textiles, each financial year

Grasim Industries LtdSRF Ltd

Operating profit before interest and tax, as a share of revenue from textiles. Grasim Industries Ltd earned 10.3% on its sales in FY26, against 9.7% in FY25. SRF Ltd earned 10.1% on its sales in FY26, against 11.7% in FY25.

The companies, and their brands

Company and brands	Sales FY26	Growth 1 yr	3 yrs	5 yrs	Margin	Profit share	Return on assets	P/E	ROE	Share price 1 yr
Reliance Industries Ltd Sells in 35 states and 112 countries; exports 50.98% of turnover	₹21,488 Cr estimate	-2.8%	-13.0%	—	—	—	—	21.1	7.9%	-15.2%
Grasim Industries Ltd Sells in 36 states and 92 countries; exports 9.0% of turnover	₹16,932 Cr	+7.5%	—	—	10.3%	90.2%	12.6%	34.7	0.8%	+4.9%
Page Industries Ltd Sells in 28 states and 11 countries; exports 1.0% of turnover	₹5,247 Cr estimate	+6.3%	+2.0%	—	—	—	—	54.8	52.5%	-8.3%
K P R Mill Ltd Sells in 15 states and 60 countries; exports 38.42% of turnover	₹2,206 Cr estimate	-1.0%	-10.3%	—	—	—	—	40.8	14.9%	+7.6%
SRF Ltd	₹1,877 Cr	-7.4%	—	—	10.1%	9.8%	8.8%	34.2	14.2%	-18.1%

Brands are read from each company's filings and checked against a public source. Growth is the yearly rate of its revenue from textiles. Margin is the operating profit (before interest and tax) the company reports on them, as a share of those sales; profit share is its part of all the listed companies' profit on them; return on assets is that profit against the assets it reports for them. A company with no other business is measured on its whole accounts. Where a company's segments include sales between its own businesses (a bank's treasury lending to its retail arm), each segment is scaled down in proportion so that together they match what the company earns outside itself; companies report those internal sales only as a total. Not a recommendation to buy or sell.

Questions people ask