Carysil shares decline 10% intraday after tariff announcements, reverse losses after clarification

Carysil, Asia’s largest sink manufacturer, saw its share price plunge by 10% during Friday’s trading in the aftermath of U.S. president Donald Trump announcing a 50% tariffs on kitchen cabinets and bathroom vanities. 

The shares hit an intraday low of ₹768 before rebounding to ₹812.45, after it clarified in an exchange filing that it would not be affected by the tariffs. On September 12, the stock hit a new 52-week high of ₹989.95 . 

“This is with reference to the recent media report on the U.S. tariff announcement on kitchen cabinets and bathroom vanities. We wish to clarify that our product, the kitchen sink, is not part of the kitchen cabinet, and we do not have any export of kitchen cabinets and bathroom vanities; hence, this announcement does not have any impact on the company,” the company stated. The scrip is currently down by 4.42%. 

Trump, in a Truth Social post late on Thursday (Friday morning in India), stated, “We will be imposing a 50 per cent tariff on all kitchen cabinets, bathroom vanities, and associated products, starting October 1, 2025. Additionally, we will be charging a 30 per cent tariff on upholstered furniture. The reason for this is the large-scale “flooding” of these products into the United States (U.S.) by other outside countries. It is a very unfair practice, but we must protect, for national security and other reasons, our manufacturing process. Thank you for your attention to this matter!”

As the fourth largest quartz sink manufacturer, Carysil is present in 58 countries with subsidiaries in India, the U.K., Germany, and the U.A.E., with an extensive network of over 3,000 dealers and distributors, along with more than 80 showrooms. 

Meanwhile, Euro Pratik Sales, a recently listed company that exports wall panels to 60 countries, saw its share price decline by 3.64%, to ₹234.84, following Trump’s announcements. On September 23, it hit a new high of ₹278 .