Carysil Shares Price Tanks Over 6% After Trump Imposed 50% Tariffs on Kitchen Cabinets

On September 26, 2025, Carysil shares fell over 6%, reaching a day low of ₹796.00 at 09:35 AM, after opening at ₹834.00 on BSE, marking the second straight day of the fall. Carysil shares closed with a fall of 3.3% on September 25 at ₹851.2. The drop in Carysil shares followed the imposition of tariffs by Trump.

In a significant policy move, the Trump administration has imposed steep tariffs across multiple product categories: a 100% tariff on branded and patented pharmaceuticals, a 50% duty on kitchen cabinets and bathroom vanities, and a 30% tariff on upholstered furniture. These tariffs are scheduled to come into effect starting October 1.

However, with less than a week remaining until the enforcement date, neither the White House nor the U.S. Department of Commerce has provided detailed guidance on the rollout or operational implementation of these measures.

US Exposure and Business Breakdown

As per Carysil’s FY25 annual report, the U.S. accounts for 21.5% of the company’s consolidated revenue, making it a significant market for the firm. Breaking down its product mix:

• Quartz sinks contributed 47.5% of the topline,
• Surfaces accounted for 28.4%,
• Steel sinks made up 10.6%,
• The remainder came from kitchen appliances and other segments.

Also Read: Sun Pharma, Lupin & More Indian Pharma Stocks in Focus as Trump Announces 100% Tariffs

Management Take on Q1FY26 Earnings

Mr. Chirag Parekh, Chairman & Managing Director, said “We are pleased with our performance in Q1FY26, with total income increased by 12.3% YoY to Rs 227.3 cr. EBITDA margins expanded by 112 bps to 19.4% on a YoY basis due to the stabilisation of raw material and freight costs, along with our ongoing initiatives for cost improvement and increased capacity utilisation.

We have participated in IKEA’s Global RFQ and secured the award. To expand this partnership, signed a purchase agreement and will invest Rs ~20 cr in moulds, machinery, and infrastructure to cater to IKEA’s global (non-U.S.) quartz kitchen sink requirements.

This expansion reaffirms our commitment to strengthening our business relationship with IKEA and leveraging our manufacturing expertise to serve global markets. In the stainless steel sink segment, we have received a good response from big brands for OEM manufacturing, which will create a significant opportunity for expansion in the domestic and international market. “

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