Textile Stocks: Here's how much revenue Gokaldas, KPR Mill, Trident get from the US market

Shares of Gokaldas Exports Ltd., KPR Mill Ltd., Trident Ltd., Welspun Living Ltd., Vardhman Textiles Ltd. gained as much as 7% on Tuesday, July 8, in anticipation of a potential India-US trade deal at lower tariff levels.

Hopes have also risen after the Trump administration announced a 35% reciprocal tariff on Bangladesh, which is a key competitor against India in garment exports to the US.

Last week, the US had also signed a trade deal with Vietnam at a 20% tariff level. Analysts believe that a trade deal with lower tariff levels would boost India's competitiveness in the US market, and also improve the country's market share, which currently stands at 6%, compared to 9% for Bangladesh and 19% for Vietnam.

Here's how much revenue these companies derive from the US market:

Gokaldas Exports: Based on the company's annual report for financial year 2025, over 70% of its overall topline came from the US market.
Trident: At the end of financial year 2024, Trident had 38% of its revenue coming from the US market. The company is yet to share its annual report for financial year 2025.
KPR Mill: Based on the annual report for the current financial year, KPR Mill derived 21% of its overall revenue from the US market.
Vardhman Textiles: Although the company's annual report for financial year 2024 does not disclose updates for country-wise revenue, but 42% of its overall topline came from the exports market.
Arvind: Similar to Vardhman Textiles, Arvind has not disclosed its country-wise break-up of revenue in its annual report. However, 40% of its overall revenue came rom exports in financial year 2024.
Siyaram Silk Mills: The stock gained as much as 12% in today's trading session but exports form a smaller portion of the company's overall topline. As of financial year 2024, only 9% of the company's topline came from exports.
Pearl Global: Nearly 46% to 50% of the company's overall topline comes from the US market. The stock though, ended lower on Tuesday.

"Firstly, we need to be clear what are the ultimate tariffs going to be? Because you never know that today, it is 10% next day morning, we get up and it is 25% or somewhere it is 30%. All these are interim things till the time the trade agreements are there between US and some of the other countries. So we can't rely on these tariff numbers just to buy these stocks," Amnish Aggarwal of Prabhudas Lilladher told CNBC-TV18.

"I think just because of this news, I will not tend to buy the textile stocks. Let the things settle. Let the duty structure be clear over the coming few months. Because there can be very wide variations in the duty," he added.

Shares of Vardhman Textiles are up 7% at ₹533.9, while those of Trident are in a 5% upper circuit at ₹32.6. Those of KPR Mill are also up 4%, while those of Welspun Living are trading with gains of 3%.

Siyaram Silk Mills shares are trading with gains of 12%, while those of Gokaldas Exports are also up 6%.