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The India-US trade deal has triggered a sharp market rally and gains across sectors such as textiles and apparels, food and agriculture, and more. Take a look at key beneficiaries.The India-US deal that has brought down tariffs on Indian exports from 50% to 18% restores pricing power, improves margin visibility, and once again opens up export opportunities, especially for businesses with orders deferred due to high cost. The 50% tariff earlier had compressed margins and eroded competitiveness against peers in Vietnam, Bangladesh and China. Take a look at key beneficiaries.Textiles and apparel | Textiles and apparel companies are expected to be among the biggest beneficiaries, given their strong reliance on the US market. Raymond Lifestyle derives nearly 50% of its garment revenue from the US, and the tariff cut is likely to improve its competitiveness against exporters from Bangladesh and Vietnam. Other players such as Indo Count, Welspun Living and Gokaldas too have significant US exposure of about 65% to 90%. Pearl Global generates about half its revenue from the US. KPR Mill and SP Apparels also stand to gain, with US exposure of roughly 20% and 25–30%, respectively.Food and agriculture | FMCG company LT Foods derives 41% of its revenue from the US markets. The company had earlier seen margins contract by around 100–200 basis points due to higher duties, and the tariff cut will result in a positive reversal of that pressure.Consumer Durables | In the consumer durables segment, KEI and Polycab derive 1.5–2% of their revenue from the US but are scaling their presence, making sentiment around the tariff cut positive. Meanwhile, Blue Star is seeing 25% to 30% of its order book coming from data centres as part of its US entry efforts, with its revenue mix gradually shifting away from low-margin infrastructure projects.Automotive and auto-ancillary | In the auto space, Bharat Forge had around 6% of its revenue affected by the earlier 25% US duty on auto, which has now been reduced to 18%. Similarly, Balkrishna Industries had with 14% of revenue coming from the US, and Sona Comstar 28%. At the same time, Happy Forgings is likely to see improved order flow for both passenger vehicle and non-auto US orders that had been delayed due to high duties.EMS / Electronics | In this sector, Avalon, with 57% of its sales in the US and an existing 20% manufacturing base there, stands to benefit from improved tariff conditions. Dixon is also expected to gain, as the deal opens up new mobile export opportunities to the US market.Chemicals | In the chemicals sector, companies with significant US exposure of 30% to 40% – including Atul, Vinati, Navin Fluorine, and GFL – are likely to be the key beneficiaries of the tariff reduction. Firms with moderate exposure of 10–20%, such as SRF, PI, UPL, Deepak Nitrite, and Aarti Industries, are also expected to see positive effects, though to a lesser extent.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.