Shares of Carysil Ltd. dropped 4.05% to ₹815.75 on Friday, September 26, after U.S. President Donald Trump announced steep tariffs on imports of kitchen and home furnishing products. The counter slipped from its previous close of ₹850.15 as investors weighed the potential impact of the tariff decision on the company’s U.S. business.
In his announcement, Trump declared that starting October 1, 2025, a 50% tariff would be imposed on kitchen cabinets and bathroom vanities, while upholstered furniture would face a 30% duty. The measures were rolled out alongside a 100% tariff on branded and patented pharmaceutical products.
Carysil, a manufacturer and exporter of home furnishing products such as kitchen sinks, appliances, and surfaces, derives 21.5% of its consolidated topline from U.S. markets, according to its FY25 annual report. Within its product mix, 47.5% of revenue came from Quartz sinks, 28.4% from surfaces, and 10.6% from Steel sinks, with the rest from appliances and other businesses.
Meanwhile, in a separate filing, Carysil clarified that it has no plans to raise fresh funds via a Qualified Institutional Placement (QIP) for its Bhavnagar facility expansion and will fund the project from its July 2024 QIP proceeds.
As of the June quarter, mutual funds held 3.65% in the company, Abakkus Emerging Opportunities Fund owned 5.34%, while investor Ashish Kacholia had a 3.52% stake.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
