India-UK CETA to Nearly Double Exports by FY31, Lifting Textile & Jewellery Retailers
The India-UK CETA (effective July 15) eliminates tariffs on nearly all Indian exports, targeting $24.2B to UK by FY31 vs $13.5B in FY26. Removal of 12% textile and 16% leather duties benefits retail-linked exporters like Titan, Kalyan Jewellers, Gokaldas Exports, KPR Mill and Welspun Living.
India-UK CETA (effective July 15) eliminates tariffs on nearly all Indian exports to UK. Winners include textiles/apparel and gems & jewellery, benefiting retail-linked exporters like Titan, Kalyan Jewellers, Gokaldas, KPR Mill and Welspun Living.
Why this matters
Adds an export tailwind for Titan and jewellery peers amid strong domestic momentum, where Titan posted a 39% jewellery gain while smaller rivals like Senco Gold outgrew at 60%.
Retail-company signals accelerating, up 878700% QoQ.