Archive · 15 Sep 2026
Leather Stocks Slide as Export Concerns and FTA Delay Weigh
Several Indian leather-company stocks fell on Tuesday.
Super Tannery, AKI India, and Amin Tannery each dropped by nearly 5%.
Euro-Leder Fashion was also under pressure.
The wider Indian stock market was cautious that day.
These companies had risen sharply in recent weeks, so some investors may have taken profits.
Leather exports declined in FY26, and recent results from listed exporters were weak.
A trade agreement with the European Union may eventually provide duty-free access, but that benefit is not expected soon.
Investors are now watching exports and upcoming second-quarter results to see whether the sector improves.
Super Tannery, AKI India, and Amin Tannery shares fell nearly 5% during Tuesday’s trading session.
Euro-Leder Fashion was also under pressure amid cautious sentiment across Indian markets.
The stocks are correcting after sharp rallies over the past few weeks.
Analyst Gaurav Garg cited weaker leather exports and uncertainty over India-EU FTA implementation.
Garg said investors should monitor export data and second-quarter results rather than tariff headlines.
- Who
- Super Tannery Limited, AKI India, Amin Tannery Limited, and Euro-Leder Fashion, along with investors in Indian leather stocks.
- What
- Shares of several leather companies declined during Tuesday’s trading session.
- When
- Tuesday’s trading session; prices were reported around 1:07–1:16 p.m.
- Where
- On the Bombay Stock Exchange and across the Indian stock market.
- Why
- The decline was linked to cautious market sentiment, profit-taking after recent rallies, weaker leather exports, and uncertainty about when India-EU FTA benefits will take effect.
Long-Term Sector Potential
Near-Term Market Caution
India-EU trade agreement
Long-Term Sector Potential
The India-EU FTA could eventually provide zero-duty access for Indian leather and support the sector.
Near-Term Market Caution
The agreement has only reached a procedural stage, and its benefits are not expected to appear in company order books immediately.
Recent stock rally
Long-Term Sector Potential
The leather-sector theme remains promising, according to the analyst cited.
Near-Term Market Caution
The recent rally may have priced in benefits before exports and company results showed improvement, prompting pressure on illiquid microcap stocks.
- Super Tannery price
- ₹9.92 per share, down 4.98%; market capitalisation of ₹107.11 crore.
- AKI India price
- ₹5.88 per share, down 4.85%; market capitalisation of ₹60.69 crore.
- Amin Tannery price
- ₹2 per share, down 4.76%; market capitalisation of ₹21.59 crore.
- Recent AKI India performance
- The stock gained close to 39% in one month but declined close to 10.77% in 2026.
- Recent Amin Tannery performance
- The stock gained around 37.9% in one month and around 16.28% in 2026.
- Recent Super Tannery performance
- The stock rose nearly 45.24% in 2026.
- FTA timing
- Zero-duty access for Indian leather is described as realistically more likely in the first quarter of 2027, with benefits arriving later.