Riba Textiles Ltd — Important, 02-07-2026: Company Update

Riba Textiles Limited's credit rating for its bank facilities has been reaffirmed by CARE Ratings, receiving a 'Stable' outlook and removal from 'Rating Watch with Negative Implications'. This positive development stems from a significant reduction in U.S. textile import tariffs from 50% to 10%. The company has also proactively diversified its customer base, expanding into Latin American markets and reducing its dependence on the U.S. market. Despite a moderate decline in operating income to 255.38 Cr in FY26 from 295.86 Cr in FY25, the company maintained stable operating profitability.