Shares of KPR from Ltd slipped 2.61% to ₹993.90 on Tuesday, August 26, after the United States announced an additional 25% tariff on Indian importsdealing a blow to export-oriented sectors such as textiles and garments.
The U.S., India’s largest market for apparel and textile exports, has now raised import duties on Indian products to as high as 50%among the steepest levies on any of Washington’s trading partners. The move is part of U.S. President Donald Trump’s reciprocal tariff measures, penalising India for its continued purchase of Russian oil.
Stock snapshot (Aug 26 session):
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Current Price: ₹993.90 (down 2.61%)
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Previous Close: ₹1,020.50
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Day Range: ₹997.60 – ₹1,028.90
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Market Cap: ₹342.02B
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P/E Ratio: 41.42
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Dividend Yield: 0.50%
Why KPR Mill is under pressure
The Indian textile industry employs more than 45 million workers and exports nearly a third of its garments to the United States. With duties now climbing to nearly 60%U.S. buyers are reportedly pausing orders and negotiating for suppliers to absorb part of the tariff impact.
Exporters warn that the steep duties are making Indian textiles uncompetitive compared to rivals in Bangladesh (20% duty) and Vietnam (20%). Some suppliers are even weighing shifting part of their production base to countries with lower tariff exposure.
For KPR Millone of India’s leading integrated textile manufacturers, the tariff hike comes at a time when demand from global buyers was expected to pick up ahead of the festive season. The company’s margins and order book are likely to face near-term headwinds until clarity emerges on trade negotiations between India and the U.S.