The Wazir Textile & Apparel Index (WTAI) is a quarterly intelligence report designed to track the financial health and competitive performance of India’s textile and apparel industry. By benchmarking leading listed companies through the Wazir Textile Index (WTI) and Wazir Apparel Index (WAI), the report provides actionable insights into sales growth, profitability, cost structures, trade performance and evolving market conditions. It serves as a decision-support tool for manufacturers, exporters, investors, brands and industry stakeholders.
This is a subscriber-exclusive report series. Subscribe to Wazir’s Intelligence Package to access the full quarterly edition with company-level financial analysis, IIP and WPI trends, and export-import data.
Key highlights from the reports:
Edition 1 : 9M FY26 | Feb 2026
- The Wazir Textile Index (WTI) sales declined 4% in 9M FY26 vs. 9M FY25, while WTI EBITDA margins compressed by 7%, reflecting sustained pressure on the upstream textile segment
- The Wazir Apparel Index (WAI) sales grew 7% in 9M FY26 vs. 9M FY25, though WAI EBITDA margins declined 15%, indicating that revenue growth is not yet translating into profitability for apparel players
- Across 308 listed T&A companies, consolidated sales grew 5% to Rs. 1,35,317 Cr in 9M FY26, while average EBITDA margin contracted by 1 percentage point to 8%
- India’s overall T&A exports remained flat at US$ 26,824 Mn in 9M FY26, with fabric exports rising 6% and apparel growing 3%, offset by sharp declines in filament (-26%) and yarn (-6%)
- India’s T&A imports surged 19% in 9M FY26 to US$ 8,733 Mn, driven by a 40% spike in fibre imports, with China continuing to account for 37% of total import value
Edition 2 : FY26 | June 2026
- Textile sector consolidated sales declined 4% in FY26 vs. FY25, falling from Rs. 57,135 Cr to Rs. 54,921 Cr; average EBITDA margin compressed by 1 percentage point to 10%
- Apparel sector consolidated sales grew 5% in FY26 vs. FY25, rising from Rs. 21,525 Cr to Rs. 22,533 Cr; EBITDA margin declined 1 percentage point to 6%, as rising freight and input costs offset revenue gains
- Across 292 listed T&A companies, consolidated sales declined 6% from Rs. 1,95,553 Cr in FY25 to Rs. 1,83,458 Cr in FY26; sector-wide EBITDA margin held flat at 8.3%
- India’s overall T&A exports declined 2% in FY26 to US$ 36,180 Mn, with apparel down 1% at US$ 15,815 Mn and home textiles down 6% at US$ 6,097 Mn; USA remained the top export destination with a 29% value share
- India’s T&A imports rose 17% in FY26 to US$ 11,421 Mn, with fibre up 31% and filament up 32%; China held a 37% import value share, while Bangladesh increased its share to 11%
Edition 3 : Q1 FY27 | Sept 2026 (Upcoming)
Edition 4 : H1 FY27 | Dec 2026 (Upcoming)
Download the sample report by filling out the adjacent form. The full report includes company-level financial performance for top WTI and WAI players, IIP and WPI trend analysis, and detailed US and EU import data across key supplier countries.
