Indian wire maker R R Kabel expects trade deal bump to volumes, executive says

R R Kabel

10/02/2026 12:56

By Hritam Mukherjee

Feb 10 (Reuters) - Indian wire maker R R Kabel RRKA.NS expects its volumes to grow at 18% in fiscal 2027, as New Delhi's recent trade deals aim to ease pressure in export markets, an executive told Reuters on Tuesday, adding that some major customers have already resumed talks on new orders.

Wires and cables account for 90% of the company's revenue, and exports form nearly 30% of R R Kabel's sales.

The share of exports to total revenue is estimated to swell by 300 basis points to 33% by the end of fiscal 2027, given India's trade deals with the European Union and the U.S., Rajesh Jain, chief of operations, said in an interview.

India signed a landmark deal with the EU last month, slashing tariffs on multiple goods to boost two-way trade, and earlier this month announced an interim trade framework with Washington, which cut tariffs on Indian products to 18% from 50%.

"Both treaties are very important and very helpful for exporters like us... This is a very big breakthrough," Jain said.

The company had targeted volume growth of 16%-18% in the current fiscal year. Jain said the firm is on track to achieve that, helped by strong domestic demand and a ramp-up in shipments to Europe and the Middle East when U.S. tariffs were elevated.

Before the tariff hikes last year, the U.S. contributed about 10% of the company's export income, but that share fell to 3% under the hefty levies.

"It practically became impossible to do business with the U.S.," Jain said.

But now with the tariff cut, some of the big clients are renewing conversations about orders and R R Kabel will gradually shift focus to the high-potential U.S. market again, he added.

 (Reporting by Hritam Mukherjee in Bengaluru; Editing by Eileen Soreng)

 ((mailto: hritam.mukherjee@thomsonreuters.com; @MukherjeeHritam;))