Carysil shares fall up to 4% after Trump imposes 50% tariffs on kitchen equipment imports

Shares of Carysil Ltd. the manufacturer and exporter of home furnishing products, ranging from kitchen sinks and appliances, are in focus on Friday, September 26, after some tariff-related developments from the US.

The Donald Trump administration, in addition to the 100% tariff on branded and patented drugs, also announced a 50% tariff on kitchen cabinets and bathroom vanities, and 30% on upholstered furniture.

These tariffs will take effect from October 1.

Neither the White House nor the Commerce Department has released details of the plans or how they would be implemented, with less than a week before the president’s target implementation date.

According to Carysil's annual report for financial year 2025, 21.5% of its consolidated topline came from the US markets.

Based on the product mix, 47.5% of Carysil's topline came from the Quartz sink business, 28.4% came from surfaces, while 10.6% came from the Steel Sink business. The rest came from appliances and others, according to their annual report.

In a separate filing on Thursday, Carysil had clarified that it has no intentions to raise fresh funds through a QIP to expand its manufacturing and assembly line for kitchen appliances at its Bhavnagar facility.

The management said that the project will be funded from the available funds that were raised as part of the QIP done in July 2024.

India's Mutual Funds have a 3.65% stake in Carysil at the end of the June quarter, while the Abakkus Emerging Opportunities Fund also had a 5.34% stake. Investor Ashish Kacholia held a 3.52% stake in the company at the end of the June quarter.

All six analysts that have coverage on Carysil have a "buy" rating on the stock

Shares of Carysil Ltd. fell 3.3% on Thursday, to close at ₹851.2. The stock has been flat over the last one month and gained 11.4% so far in 2025.