Indian textile manufacturer Gokaldas Exports plans to boost shipments to the European Union and the United Kingdom, and expand production in Africa, as punitive U.S. tariffs threaten to sap profits, the company’s top executive said.
Gokaldas, which makes about 75% of its standalone sales in the United States and counts Walmart, Gap, and JCPenney among its clients, expects its quarterly core profit margin to shrink to single digits from around 12% in the first quarter of fiscal 2026.
The textile manufacturer produces about 90 million garments annually, with exports to the U.S., Canada, the UK and France accounting for the bulk of its 38.64 billion rupees ($438.97 million) in revenue from operations in fiscal 2025.
News courtesy: Economictimes