Faced with a doubled 50% tariff imposed by the US, India’s gem and jewellery industry is contemplating establishing manufacturing facilities in countries with lower tariffs like Dubai and Mexico to maintain access to the US market. This move comes as the industry anticipates a significant downturn in exports, with Titan Company also considering shifting production to the Middle East.

Raymond Lifestyle Limited has reported an 18% surge in total income, reaching ₹1,475 crore in Q1 FY26, fueled by growth in its textile and apparel segments. EBITDA rose by 36% to ₹122 crore, with improved margins. While branded textile revenue jumped 27%, garmenting faced a decline.

Trent Ltd, the retail arm of Tata Group, reported a net profit of ₹424.70 crore for the quarter ended June 30, 2025, an 8.5% increase year-on-year. Revenue from operations grew by 19% to ₹4,883.48 crore, driven by store expansion and strong consumer demand in Westside and Zudio. “We remain on track to build a sizable and scalable pure-play direct-to-customer business,” Noel N Tata, Chairman, Trent said.

Gokaldas Exports has reported a 4 per cent YoY rise in total income to ₹977 crore (~$107.47 million) in Q1 FY26, with EBITDA up 44 per cent to ₹119 crore (~$13.09 million) and PAT growing 53 per cent to ₹41 crore.
EBITDA margin improved to 12.1 per cent, driven by productivity gains and cost control.
Excluding acquisitions, income rose 20 per cent YoY.

Birkenstock, the iconic German lifestyle brand, has expanded its Mumbai footprint with three new stores at Phoenix Palladium, Phoenix Marketcity, and Sky City Mall, bringing its total to eight in the city.
Mumbai, home to its first Indian flagship store, remains a key market.
The new outlets feature signature styles, seasonal collections, and the premium Birkenstock1774 line.

VIP Clothing Ltd witnessed a remarkable surge in profitability for the quarter ended June 30, 2025, with profit after tax soaring to Rs 22.2 crore, a nine-fold increase compared to the previous year. This impressive growth was fueled by a 30.5 per cent rise in revenue, reaching Rs 65.

Indian garment exporters are more concerned about an undefined penalty clause tied to the US’ 25 per cent reciprocal tariff than the tariff itself.
The ambiguity, driven by President Donald Trump’s threats over India’s Russian oil purchases, is paralysing trade planning.
Neither buyers nor exporters can act, and even Indian ministries remain uncertain about the implications.

Gokaldas Exports reported a 53% YoY rise in Q1FY26 net profit at ₹41 crore, driven by strong cost controls and productivity. Total income rose 4% to ₹977 crore. EBITDA margin improved by 336 bps to 12.1%, with EBITDA up 44%.

BlueStone has scaled back its IPO size, aiming to raise Rs 820 crore in primary capital, less than the initially planned Rs 1,000 crore. The omnichannel jewellery retailer is eyeing a valuation of around Rs 7,800 crore with the public listing, lower than its previous funding round.

Amid trade tensions between the U.S. and India, Titan is considering shifting some manufacturing to the Middle East Gulf to maintain low-tariff access to the U.S. market. This strategic move follows Titan’s planned acquisition of Dubai-based luxury retailer Damas. The U.S. tariffs on Indian imports and the UAE’s lower tariff rate are driving this consideration.