Sivaramakrishna Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports
| Photo Credit:
Gerra Madhusudan 10751@Chennai
Amid global tariff uncertainties, Gokaldas Exports is actively expanding its presence in the UK and wider European markets as part of its diversification move. While the India-UK Free Trade Agreement may take up to a year to materialise, the company has already begun scaling volumes with UK-based clients.
Historically, Gokaldas has been focused on the US market, owing to its profitability and to avoid competition with duty-free players like Bangladesh in Europe, underlined Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports in a post-quarter investor call. Gokaldas Exports now sees its European business move into the double-digit contribution range, he said.
In the fourth quarter of FY25, the company reported a 19 per cent year-on-year (y-o-y) increase in consolidated profit after tax, reaching ₹53 crore compared to ₹44 crore in the same period last year. Consolidated total revenue stood at ₹1,035 crore, up 27 per cent (y-o-y).
Elaborating on the tariff-related uncertainty, Ganapathi acknowledged upcoming challenges. “We will see some challenges, particularly with respect to tariffs and the need to absorb some of the costs. This is something that will impact the industry at large. We may have to stay solidly aligned with the supply chain and support our customers to navigate this uncharted tariff environment” he said.
He added that greater clarity is expected in the second half of the financial year, as more concrete agreements with countries like the US and UK take shape.
“Most buyers are operating under the assumption that the current 10 per cent tariff will continue beyond the initial 90-day window. So they aren’t rushing to place orders right now, expecting that the 10 per cent may still be better than what comes later,” he explained. As a result, the impact is expected to be limited to Q1 and Q2, he added.
Published on May 23, 2025
Sivaramakrishna Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports
| Photo Credit:
Gerra Madhusudan 10751@Chennai
Amid global tariff uncertainties, Gokaldas Exports is actively expanding its presence in the UK and wider European markets as part of its diversification move. While the India-UK Free Trade Agreement may take up to a year to materialise, the company has already begun scaling volumes with UK-based clients.
Historically, Gokaldas has been focused on the US market, owing to its profitability and to avoid competition with duty-free players like Bangladesh in Europe, underlined Sivaramakrishnan Ganapathi, Vice Chairman and Managing Director of Gokaldas Exports in a post-quarter investor call. Gokaldas Exports now sees its European business move into the double-digit contribution range, he said.
In the fourth quarter of FY25, the company reported a 19 per cent year-on-year (y-o-y) increase in consolidated profit after tax, reaching ₹53 crore compared to ₹44 crore in the same period last year. Consolidated total revenue stood at ₹1,035 crore, up 27 per cent (y-o-y).
Elaborating on the tariff-related uncertainty, Ganapathi acknowledged upcoming challenges. “We will see some challenges, particularly with respect to tariffs and the need to absorb some of the costs. This is something that will impact the industry at large. We may have to stay solidly aligned with the supply chain and support our customers to navigate this uncharted tariff environment” he said.
He added that greater clarity is expected in the second half of the financial year, as more concrete agreements with countries like the US and UK take shape.
“Most buyers are operating under the assumption that the current 10 per cent tariff will continue beyond the initial 90-day window. So they aren’t rushing to place orders right now, expecting that the 10 per cent may still be better than what comes later,” he explained. As a result, the impact is expected to be limited to Q1 and Q2, he added.
Published on May 23, 2025
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The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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