Textile sector stocks, including Gokaldas Exports and KPR Mil,l are drawing investor attention following the recent trade deal between the US and Vietnam. With the U.S. imposing a 20% tariff on Vietnamese textile imports, Indian exporters could stand to gain amid ongoing U.S.-India trade negotiations.
On July 2, 2025, the US announced a new trade deal with Vietnam that places a 20% tariff on Vietnamese imports, while US exports to Vietnam will attract zero tariffs. For Vietnamese textile manufacturers, access to the American market may now become more expensive. In contrast, Indian companies such as Gokaldas Exports and KPR Mill could benefit if a more favourable trade agreement with the U.S. materialises soon.
As per the annual report of FY24, Gokaldas Exports, for instance, derives nearly 75% of its revenue from the US market. KPR Mill, though relatively less exposed, still generates 21% of its annual topline from North America.
The new development could potentially offer both firms a competitive edge over Vietnamese counterparts in the key US apparel and garment sector.
Beyond just Gokaldas and KPR, other listed textile players like Trident, Vardhman Textiles and Welspun Living could see improved sentiment. Importantly, clarity is still awaited on product-specific tariff structures within the US-Vietnam deal.
India is currently in the final stages of ironing out its trade deal with the US. A favourable agreement could open stronger export corridors for textiles, home furnishings and ready-made. If achieved, Indian exporters may fill the void created by higher duties on Vietnamese shipments, allowing domestic textile firms to improve order books and margins.
Read More: India-US Mini Trade Pact Hits Roadblock Amid Disagreements on Agriculture, Dairy, and GM Crops!
On July 3, 2025, Gokaldas Exports share price opened at ₹925.00 on NSE, below the previous close of ₹930.85. During the day, it surged to ₹926.20 and dipped to ₹904.85. The stock is trading at ₹921.00 as of 10:02 AM. The stock registered a decline of 1.06%.
Over the past week, it has moved up by 3.94%, over the past month, it has declined by 2.86%, and over the past 3 months, it has moved up by 3%.
On July 3, 2025, K.P.R. Mill share price opened at ₹1,104.90 on NSE, below the previous close of ₹1,109.40. During the day, it surged to ₹1,124.40 and dipped to ₹1,095.60. The stock is trading at ₹1,118.60 as of 10:02 AM. The stock registered a moderate gain of 0.83%.
Over the past week, it has declined by 2.01%, over the past month, it has declined by 2.13%, and over the past 3 months, it has moved up by 13.37%.
On July 3, 2025, Welspun Living share price opened at ₹140.99 on NSE, above the previous close of ₹139.65. During the day, it surged to ₹141.80 and dipped to ₹139.80. The stock is trading at ₹141.51 as of 10:08 AM. The stock registered a moderate gain of 1.33%.
Over the past week, it has declined by 1.84%, over the past month, it has moved up by 1.85%, and over the past 3 months, it has moved up by 6.84%.
The recent US-Vietnam trade deal has critical implications for the Indian textile sector. With tariffs potentially disadvantageous to Vietnamese exporters, Indian companies like Gokaldas Exports and KPR Mill may witness renewed demand from U.S. buyers.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities are subject to market risks. Read all related documents carefully before investing.
Published on: Jul 3, 2025, 10:31 AM IST
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