Shares of Raymond Lifestyle Ltd slipped nearly 2% in early trade on Tuesday, August 26, closing at ₹1,159.10 on the NSE, down from its previous close of ₹1,179.40. The decline follows the United States’ decision to impose a 25% additional tariff on Indian exports from August 27, which could significantly affect India’s textile sector.
Impact of US tariffs on textiles
The U.S. is India’s largest buyer of textiles and garments, industries that employ millions of workers. With tariffs now set to rise as high as 50%, U.S. buyers are already pausing new orders, demanding Indian exporters absorb part of the tariff, or shifting their sourcing to lower-cost hubs like Bangladesh, Vietnam, and Indonesia.
For India’s textile players, including Raymond Lifestyle, this development raises concerns over falling competitiveness in global markets. Indian suppliers warn that steep duties could lead to order cancellations and margin pressure, particularly in labour-intensive categories such as garments and fabrics.
Raymond Lifestyle market snapshot
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Current price: ₹1,159.10
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Market cap: ₹70.36 billion
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Day range: ₹1,153.80 – ₹1,179.60
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52-week range: ₹911.35 – ₹3,100.00
The company’s shares have already been under pressure amid volatility in the textile industry, and the U.S. tariff hike adds further headwinds for exporters like Raymond Lifestyle.
