Jindal Worldwide Ltd., a prominent player in the Indian textile sector, continues to solidify its position with impressive Q2FY25 results. The company, specializing in a diverse range of textile products including denim fabric, premium shirting, yarn dyeing, bottom weights, and home textiles, witnessed a remarkable 46% surge in total revenue, reaching ₹571 crore compared to ₹392 crore in the corresponding quarter of the previous fiscal year. This growth trajectory is attributed to robust demand for finished fabrics across both domestic and international markets.
Furthermore, the company’s profitability also saw significant improvement with net profit climbing approximately 36% year-on-year, from ₹12.76 crore to ₹17.33 crore. This strong financial performance has garnered significant investor attention, reflected in a recent surge of nearly 20% in the company’s stock price within a single trading session.
The Indian textile sector, while facing some headwinds in overall corporate earnings, is demonstrating resilience amidst growing speculation around the “China Plus One” strategy. This potential shift in the global manufacturing landscape presents significant opportunities for Indian textile manufacturers like Jindal Worldwide Ltd. to capitalize on increased demand for domestically produced goods.
Given the company’s robust growth trajectory, diversified product portfolio, and favourable industry outlook, we recommend a BUY rating on Jindal Worldwide Ltd.
