Profitability Analysis of Top Indian Textile Companies: A Comparative Study of Pre and Post Covid Period

The textile industry in India plays a vital role in economic growth and GDP contribution. This study observes the profitability of selected Indian textile companies during pre-COVID (2018-2019 and 2019-2020) and post-COVID (2021-2022 and 2022-2023) periods, excluding 2020-2021 due to pandemic disturbances. Profitability indicators such as PBT Margin, Net Profit Ratio (NPR), Return on Investment (ROI), Return on Net Worth (RONW), and Return on Assets (ROA) were analysed for six companies: Alok Industries, Vardhman Textiles, Welspun India, Trident, Grasim Industries, and Page Industries. A paired t-test was used to calculate the statistical significance of changes in profitability between the two periods. Alok Industries faced significant losses; other companies showed a temporary decline during the time of COVID-19 but showed recovery in later years. Page Industries maintained a steady profit throughout.