NITIN SPINNERS LIMITED

Spins cotton yarn and weaves it into woven fabric for sale to global apparel brands and yarn buyers, running a vertically integrated chain where 60% of incremental spinning output is consumed in-house for fabric manufacturing. FY26 revenue was INR 3,213.9 crores, with Q4 FY26 touching a record INR 859.8 crores on improved yarn realizations and downstream restocking after US tariff removal. Q4 FY26 capacity utilization ran above 98% in spinning and above 90% in woven fabric, with yarn spreads of INR 120-125 per kg at 33-34 count. A capex programme of more than INR 1,000 crores will lift spinning capacity to 130,000 tons and woven fabric capacity to 75 million metres, with commissioning from Q3 FY27 for fabric and Q4 FY27 for spinning. Renewable power is being scaled to around 100 MW, expected to cover 50-55% of power needs and deliver INR 50 crores of annual savings once fully operational. Materials — chiefly raw cotton — form the dominant cost at 62.2% of revenue. Management cites pending India-UK and India-EU FTAs as driving European brand inquiries to shift fabric and garment sourcing from Bangladesh, Vietnam, and China to India.