India’s farm and food processing sector could be caught in the tariff crosshairs, with several exporters heavily reliant on the U.S. market for growth. If reciprocal tariffs are imposed by the Trump administration, a wide range of agriproducts, seafood, packaged foods, and snacks could see disruption.
Here are key companies with notable U.S. revenue or export exposure:
- Apex Frozen Foods: ~50% US revenue 💥
- Indo Count: ~70% US revenue 💥 (also in textiles)
- Waterbase: ~40% US sales
- Avanti Feeds: ~30% US exports
- LT Foods (Daawat): ~25% US sales
- KRBL (India Gate): ~20% US revenue
- ITC: ~20% agri-products revenue from US
- Britannia, Nestlé India, Haldiram’s (via Prataap Snacks), Bikaji, Mrs. Bectors, MTR (Agro Tech), Tata Consumer, Heritage Foods, and Vadial: Each has ~20–30% US-linked exports/sales depending on product category.
Products like basmati rice, seafood, frozen snacks, packaged sweets, and condiments are likely to be affected the most. For example, LT Foods, KRBL, and Apex Frozen rely on the U.S. as a core end-market.
While the U.S. may grant partial exemptions, any delay in confirmation could increase uncertainty in the near term.
Bottom line: Food and agri exporters need to monitor the situation closely. Tariffs could lead to order deferments or margin pressures, especially for seafood and rice players.
