Kitchen sink maker Carysil’s rally faces its toughest challenge: Trump’s tariffs

Quartz kitchen sink maker Carysil Ltd has delivered bumper returns of 52% over the past six months on the back of fresh order wins from Karran USA and Ikea, coupled with margins finally bottoming out.

- Dipti Sharma

With a client base also boasting marquee names such as Lowe’s, Ferguson Enterprises, Moen, and Kraus USA Plumbing, it holds a strong position in the global quartz sink market.

However, since exports dominate the sink maker'srev-enue—with little over a fourth of it coming from the US market—investors are monitoring the impact of the Donald Trump-led administration's 50% tariffon India on the stock.

The US imposed a 25% reciprocal tariff and an additional 25% punitive tariff on India for buying Russian oil.

While Carysil passed the first 25% levy on to customers, it may absorb a portion of the incremental 25% to preserve relationships, said financial services provider Monarch Networth Capital in its 8 September report after meeting the company's management.

“However, despite US tariffs rising sharply to 50% (vs -23% earlier), the management expects limited impact given a) 10-15% landed cost advantage versus peers and b) meaningful passage of the tariff increase to its end-user,” it said.