India's R R Kabel says 'won't take extra hit' to supply to US; to shift exports after tariff impact
(Reuters) -India's top wire exporter R R Kabel will ramp up shipments to key markets, including Europe and the Middle East, to cushion the impact of a 25% U.S. tariff on Indian goods, a senior executive told Reuters on Friday.
"I will not take any extra hit on my profit and loss (statement) just to make supply to the U.S.," finance chief Rajesh Jain said in an interview, adding that he will pass on any price increases to his customers.
Jain reaffirmed the firm's 2026 fiscal year volume growth forecast of 16%-18%, saying R R Kabel plans to hedge against U.S. risks by redirecting products to other key markets.
While the United States contributes just 2.5% to R R Kabel's revenue, it accounts for around 10% of its export income. Europe and the Middle East, in comparison, contribute approximately 40% and 35% of overseas revenue, respectively.
"Sometimes when you are dealing in so many markets, so many products, there you can compensate if there is any negative movement in any of the geographies," he added.
Jain said his U.S. clients are in "wait and watch" mode amid tariff uncertainties, but added that existing orders have not been cancelled yet.
Trump on Wednesday said that Indian exports to the U.S. will face a 25% tariff from August 1 as well as an undisclosed penalty.
R R Kabel is among the first few Indian companies to react to the tariffs. On Thursday, Tata Steel's chief executive told Bloomberg News that the company is also exploring alternative markets.
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