Shares of KPR Mill Ltd surged 7.31% to ₹1,093.55 in early trading on May 7 after India and the United Kingdom finalized a Free Trade Agreement (FTA) that eliminates the 8–12% import duty on Indian textiles and garments exported to the UK.
This development is seen as a major boost for Indian exporters like KPR Mill, Arvind Ltd, and Gokaldas Exports, which will now enjoy tariff parity with Bangladesh and a 12% duty advantage over Chinese exporters in the UK market.
The deal opens up a significant growth opportunity for India’s textile industry, with KPR Mill expected to benefit from improved competitiveness and access to a market where India’s current apparel exports lag behind those of Bangladesh and China.
Key Market Data (May 7, 2025):
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Previous Close: ₹1,019.10
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Day Range: ₹1,057.00 – ₹1,100.80
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52-Week Range: ₹743.00 – ₹1,194.00
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Market Cap: ₹3,72,240 crore
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P/E Ratio: 45.13
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Dividend Yield: 0.34%
With increasing demand for Indian garments and the removal of trade barriers, KPR Mill’s growth prospects in export markets appear significantly enhanced.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Please consult a financial advisor before making any investment decisions.