West Asia war torches input costs for Jalandhar, Meerut sports goods makers
HDPE has jumped to ₹160/kg from ₹96-100 pre-war, rubber to ₹235 from ₹180, zinc to ₹310 from ₹225, with LDPE, PP and ink 30-33% higher. BAS, Champion and Punjab's Khel Udyog cluster face an April-June margin crunch; Icra pegs ~1 year to normalise, threatening India's 0.5% global share and $8.1B export ambition by 2036.
US-Iran war spikes petrochemical, rubber and zinc input costs for Jalandhar and Meerut sports goods makers, squeezing April-June margins; Icra sees roughly a year before normalisation, threatening India's export competitiveness.
Why this matters
BAS, a flagship of the Jalandhar-Meerut sports goods cluster, now confronts a sharp Q1 margin squeeze as West Asia conflict inflates polymer, rubber and zinc inputs simultaneously.
Retail-brand signals steady at 57 in 90 days, with input-cost pressure emerging as a key stress vector.