KPR Mill Share Price Jumps Nearly 18%
KPR Mill share price remained in focus on June 24, 2026, after the stock surged nearly 18% during intraday trade on the NSE.
The stock touched an intraday high of ₹1,334, marking its biggest single-day gain since October 13, 2008, when it had advanced around 20% in a single trading session.
The sharp rally came after investors reacted positively to the government’s recent customs duty relief on cotton imports.
Government Removes Customs Duty on Cotton Imports
Earlier this month, the Government of India announced a temporary exemption from customs duty on cotton imports.
The exemption became effective from June 1, 2026, and will remain in force until October 30, 2026.
The decision aims to improve domestic cotton availability, reduce input costs for textile manufacturers, and address concerns surrounding elevated raw material prices.
Cotton Duty Relief Expected to Lower Input Costs
Cotton is the primary raw material for most textile manufacturers.
The temporary duty exemption allows companies to source imported cotton at lower prices, helping reduce procurement costs during a period of constrained domestic supply.
Lower raw material costs can improve operating margins while enhancing the competitiveness of Indian textile exporters in global markets.
Industry participants had been seeking such relief to support production and meet festive season as well as export demand.
Positive Outlook for the Textile Industry
The government’s decision is expected to provide temporary support to India’s textile sector.
Officials have indicated that the measure balances the interests of textile manufacturers, consumers, and cotton farmers while addressing immediate supply-side challenges.
India’s textile industry remains one of the country’s largest employment generators and a significant contributor to export earnings, making raw material availability an important policy priority.
KPR Mill Share Price Performance
As of 11:40 AM on June 24, 2026, KPR Mill share price was trading at ₹1,241.25, up ₹110.10 (9.73%).
The stock:
- Opened at ₹1,139.00
- Hit an intraday high of ₹1,334.00
- Touched a low of ₹1,135.00
Recent returns:
| Period | Return |
|---|---|
| 1 Week | 18.91% |
| 1 Month | 31.74% |
The company’s market capitalisation stood at ₹42,403.74 crore.
Why Investors Are Optimistic
Several factors have contributed to the recent rally:
- Temporary customs duty exemption on cotton imports.
- Expected reduction in raw material costs.
- Improved earnings outlook for textile manufacturers.
- Better export competitiveness.
- Strong momentum across textile sector stocks.
Conclusion
KPR Mill share price recorded one of its strongest rallies in nearly two decades after the government’s temporary cotton import duty exemption boosted sentiment across the textile sector. While the policy is expected to improve raw material availability and reduce production costs until October 30, 2026, investors will continue to monitor cotton prices, export demand, and future government policy decisions for further direction.
Summary
KPR Mill share price witnessed a sharp rally on June 24, 2026, rising nearly 18% during intraday trading after the government’s decision to exempt cotton imports from customs duty until October 30, 2026. The move is expected to ease raw material costs for textile manufacturers and improve industry margins. The stock also recorded its strongest single-day gain since October 2008, reflecting positive investor sentiment toward the textile sector.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
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