Gokaldas Exports cracks 13%, hits lowest level since August 2023

US tariff impact? In the past seven weeks, Gokaldas Exports share price has plunged 33 per cent from a level of ₹948.85 on November 20, 2025 on the BSE

Gokaldas Exports share price today

 

Share price of Gokaldas Exports hit an over 28-month low at ₹597, as the stock slipped 12.7 per cent on the BSE in Thursday’s intra-day trade, on growth concerns, amid tariff uncertainty.

 

The stock price of the garments & apparels company was quoting at its lowest level since August 28, 2023. In the past one year, the stock has slipped 46 per cent, and tanked 51 per cent from its all-time high of ₹1,260 touched on December 18, 2024.

 

At 12:17 PM; Gokaldas Exports stock was quoting 11.6 per cent lower at ₹604, as compared to 0.66 per cent decline in the BSE Sensex. A combined 2.34 million equity shares changed hands on the NSE and BSE.  FOLLOW STOCK MARKET UPDATES TODAY LIVE

 

Why was Gokaldas Exports stock under pressure?

According to media reports, the US President Donald Trump has purportedly backed a Bill that threatens to raise tariffs on countries buying energy products, including oil, from Russia, to at least 500 per cent. If approved, the Bill will add pressure on countries like India, China and Brazil which continue to purchase Russian oil despite US sanctions. CLICK HERE FOR FULL REPORT  Meanwhile, in the past seven weeks, the market price of Gokaldas Exports has plunged 33 per cent from a level of ₹948.85 on November 20, 2025 on the BSE.  The imposition of a higher tariff on India by the US initially impacted the business momentum. There was a risk of orders moving to other favourable geographies, Gokaldas Exports said in the Q2 earnings conference call.

 

Meanwhile, in the July to September 2025 quarter (Q2FY26), Gokaldas Exports reported a 71 per cent year-on-year (YoY) fall in consolidated net profit to ₹8 crore from ₹28 crore in Q2FY25. EBITDA margin declined by 41 basis points YoY and 381 bps sequentially to 8.3 per cent in Q2FY26. The EBITDA margins remained flat YoY due to operating deleverage at Africa business, US tariff impact, and startup costs owing to the new business/units, the company said.

 

Revenue from operations rose by 7 per cent YoY to ₹984 crore during the quarter. The company stated that India operations registered a strong performance with a YoY growth of 14 per cent in the backdrop of 2 per cent degrowth in Indian apparel exports. The revenue from Africa operations declined by 23 per cent YoY, primarily due to the African Growth and Opportunity Act (AGOA) related uncertainty.  ALSO READ | Gland Pharma rises 5%, hits 1-month high on USFDA nod to eye-allergy drug

JM Financial views on textile sector

 

Commentary from global retailers and Indian textile exporters points to a cautious but differentiated operating environment amid tariff uncertainty and uneven demand trends, analysts at JM Financial Institutional Equities said.

 

Overall, global retailers appear structurally better positioned on inventory versus prior cycles, but remain cautious on demand. On the Indian textile side, exporters underscored sustained near-term pressure from muted US demand and tariff disruptions, the brokerage firm said in the textile sector update.

 

Gokaldas Exports emphasized high price sensitivity, with potential demand contraction if 4-6 per cent price hikes are passed on amid continued tariffs, though it expects Q4 to improve sequentially versus Q3. Overall, the sector continues to face near-term margin pressure and weak visibility, with recovery likely gradual and dependent on tariff clarity and stabilization in retailer demand, analysts said.  ===========================  Disclaimer: View and outlook shared on the stock belong to the respective brokerages and are not endorsed by Business Standard. Readers discretion is advised.