Shares of Arvind Fashions Ltd dropped more than 2% on Tuesday, August 26, falling to ₹521.55 on the NSE from the previous close of ₹534.60. The decline mirrors the broader weakness across India’s textile counters after the United States announced an additional 25% tariff on Indian exportseffective August 27.

Why the fall?

The tariff hike effectively raises duties on Indian textile and garment exports to nearly 50%one of the steepest imposed on any U.S. trading partner. With the U.S. being India’s largest market for apparel exports, accounting for nearly a third of shipments, exporters are bracing for significant disruptions.

Reports suggest that U.S. buyers have already started delaying fresh orders and are pressuring Indian suppliers to share the tariff burden. Some are also shifting sourcing to other hubs like Bangladesh, Indonesia, and Vietnam, which continue to enjoy lower duties.

Arvind Fashions market snapshot

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  Current price: ₹521.55

  
  


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  Previous close: ₹534.60

  
  


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  Day range: ₹521.00 – ₹535.85

  
  


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  52-week range: ₹320.20 – ₹639.70

  
  


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  Market cap: ₹69.62 billion

  
  


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  Dividend yield: 0.31%

  
  

The U.S. tariff shock has triggered widespread selling pressure across Indian textile names including KPR Mill, Raymond Lifestyle, Bombay Dyeing, and now Arvind Fashions.