Synopsis:
Indian textile exporters fell sharply on Thursday after the US imposed a 25 percent tariff on Indian imports. Stocks like Gokaldas Exports, Indo Count, and Welspun Living, which have high US revenue exposure, tumbled.
Investor sentiment turned negative as Indian stock markets fell after the US announced a 25 percent tariff on Indian goods. The move, led by President Donald Trump, also included penalties linked to India’s defense and oil trade with Russia.
This unexpected action created uncertainty around India-US trade relations. As a result, export-heavy sectors, especially textile companies that earn a large share of their revenue from the U.S., saw their stocks decline sharply on Thursday. Here are five textile stocks in focus after Trump’s tariffs
1. Gokaldas Exports Ltd
Gokaldas Exports Limited is a leading apparel manufacturer engaged in the design, production, and sale of garments for men, women, and children. The company supplies to several top international fashion retailers and has built a strong reputation in the global garment outsourcing market.
The company derives 77.3 percent of its revenue from the United States, making it one of the most exposed players in the sector. As a result, shares of Gokaldas Exports closed at Rs. 850 on July 31, 2025, marking a sharp fall of 4.52 percent. Its current market capitalization stands at Rs. 6,224 crore.
2. Indo Count Industries Ltd
Indo Count Industries Limited is a key player in the global home textile industry, specializing in the manufacture and export of bed linen, bed sheets, and quilts. It is recognized as the largest exporter of bed linen from India.
With 70 percent of its revenue coming from the US market, Indo Count is highly vulnerable to any adverse changes in trade terms. The stock closed at Rs. 272 on Thursday, down 3.70 percent from the previous session. The company’s market capitalization now stands at Rs. 5,387 crore.
3. Himatsingka Seide Ltd
Himatsingka Seide Ltd operates as a vertically integrated textile firm with a global presence. The company is involved in designing, manufacturing, and distributing a wide range of home textile products including bedding, bath linens, and fine-count yarns, supported by some of the largest manufacturing capacities in the industry.
The US accounts for a significant 85 percent of Himatsingka’s total revenue, making it the most exposed among its peers. Shares of the company ended the session at Rs. 139.75, registering a decline of 2.71 percent. The company’s market cap currently stands at Rs. 1,757 crore.
4. Trident Ltd
Founded in 1990, Trident Limited is a diversified manufacturer and exporter involved in yarns, terry towels, bedsheets, paper, and chemicals. The company has a large international client base and is a recognized name in the home textile segment.
While relatively less dependent on the US compared to peers, the US still contributes 38 percent to its overall revenue. Trident shares closed at Rs. 30.20 on July 31, falling 2.28 percent in reaction to the tariff announcement. Its market cap currently stands at Rs. 15,288 crore.
5. Welspun Living Ltd
Welspun Living Limited, a part of the US$ 2.7 billion Welspun Group, is one of the world’s largest manufacturers of home textile products. The company provides a comprehensive range of home and technical textile solutions and has consistently focused on innovation, sustainability, and global branding to maintain its leadership.
Approximately 65 percent of Welspun’s revenue is derived from the US, making it highly sensitive to any change in US trade policy. The stock fell 4.01 percent to close at Rs. 127.50 on Thursday. The company’s market capitalization stood at Rs. 12,299 crore.
Written By Manan Gangwar
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