Shares of Bombay Dyeing and Manufacturing Company Ltd tumbled more than 3% in early trade on Tuesday, August 26, slipping to ₹175.18 on the NSE from the previous close of ₹181.26. The sharp decline comes amid growing concerns after the United States notified an additional 25% tariff on Indian exports, effective August 27.
Impact on India’s textile sector
The move by the U.S. government effectively doubles the total duty on Indian textile and garment exports to nearly 50%, one of the steepest among Washington’s trading partners. This development poses a major setback to India’s labour-intensive textile and apparel industry, which provides employment to more than 45 million workers.
The U.S. is India’s largest buyer of textiles and garments, accounting for nearly one-third of exports in the sector. With duties rising, American buyers are already pausing fresh orders, asking Indian exporters to absorb part of the tariff, and shifting procurement to alternative hubs such as Bangladesh, Vietnam, and Indonesia.
Bombay Dyeing market snapshot
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Current price: ₹175.18
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Previous close: ₹181.26
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Market cap: ₹36.14 billion
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52-week range: ₹117.50 – ₹256.40
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P/E ratio: 7.40
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Dividend yield: 0.69%
The tariff hike has triggered broad-based weakness in textile and garment-related counters, with Bombay Dyeing joining the list of major names under selling pressure.
