India's Gokaldas Exports drops, says tariffs could trigger margin pressure, volatility

Gokaldas Exports

22/05/2025 10:03

** Apparel manufacturer Gokaldas Exports GOKL.NS tumbles 6.6% to 971.7 rupees

** Co says U.S. reciprocal tariffs pose a "formidable challenge", could spark business volatility, pressure margins

** Stock set to see worst day in nearly seven weeks

** GOKL adds, amid business uncertainty in near term, customers are reluctant to build inventory at unknown costs

** GOKL cautious over near-term capex

** Separately, GOKL's reports 27% rise y/y in Q4 revenue, profit after tax up 19%

** Textile exporters Arvind ARVN.NS and Vardhman Textiles VART.NS down 1.4% and 2.13% each on Thursday

** Including session's losses, GOKL trims 12-month gains to 17.3%

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))