Gujarat textile units face early Diwali shutdown risk
after close1 source ↓machine-written, see hownot a recommendation
- KPRMILL close
- ₹1,088
- On the day
- +0.67%
- 52-week high
- ₹1,334
- 52-week low
- ₹796.10
Surat’s weaving industry, a key part of Gujarat’s textile manufacturing base, is facing the prospect of an early Diwali shutdown after yarn prices rose 40% to 45% since June while demand for finished fabric remained weak. Factory owners said the combination of higher input costs, unsold inventory and delayed payments had tightened cash flows across the sector. Units could shut their looms 15 days before Diwali and remain closed for another fortnight after the festival 🧵.
Several small weaving units have already reduced production and introduced weekly holidays to contain losses. Industry representatives said the disruption could spread through Gujarat’s textile network unless authorities address alleged artificial increases in yarn prices and ensure supplies at internationally competitive rates. The immediate pressure is on operating margins: weavers are paying more for their primary raw material while weak fabric demand limits their ability to pass costs on to customers.
Key Points:
• OI Charts data as of 13 Oct 2026 showed KPR Mill at ₹1,088, up 0.7% on the day, but down 1.1% over five sessions and 1.9% over 20 sessions. Its volume was 92,083, with a 52-week range of ₹796.10 to ₹1,334.
• Sutlej Textiles closed at ₹34.98, up 0.4% on the day, while remaining down 5.6% over five sessions and 3.5% over 20 sessions. Volume stood at 14,266, and its 52-week range was ₹24 to ₹41.50.
• Vardhman Textiles fell 1.4% to ₹520.80 on volume of 126,011. The stock was down 5.2% over five sessions and 8.0% over 20 sessions, with a 52-week range of ₹385.50 to ₹688.
The figures show weaker recent performance across selected listed textile counters, although the article does not identify these companies as directly affected units. For the sector, the next observable triggers are yarn-price movements, fabric demand, payment collections and any government action on supply or pricing. A prolonged shutdown would reduce loom utilisation and could deepen the impact on downstream processing, garment production and regional employment 👕.
Source: The New Indian Express, 14 Oct 2026
Not investment advice. For informational purposes only.