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KPR Mill Dividends: A Boost Amidst Tariff Shifts
9 Feb
Summary
- KPR Mill declared an interim dividend of ₹2.50 per share for FY26.
- Revenue declined to ₹1,406.45 crore due to higher US tariffs.
- US tariff reduction benefits India, improving textile sector competitiveness.
KPR Mill, a major Indian textile producer, has announced an interim dividend of ₹2.50 per share for the financial year 2025-26. This decision was made alongside the company's December quarter performance report.
The company reported consolidated revenue from operations at ₹1,406.45 crore, a decrease from the previous year's ₹1,467.42 crore. This decline was attributed to increased US tariffs, which also affected its profit margins.
However, a recent joint statement between India and the US details an agreement to lower tariffs. US President Donald Trump has initiated an order to revoke additional tariffs, reducing the effective rate on Indian imports. This move places India in a competitive position against other Asian economies facing higher tariffs.
The reduction in US tariffs is seen as a significant positive for the textile sector, alleviating concerns that global buyers might shift orders to countries like Bangladesh and Vietnam. This development follows a landmark free trade agreement finalized between India and the European Union in January.
