3 Indian Export Stocks In Focus As New Zealand Tariffs Fall
India and New Zealand are about to rip up much of the paperwork between them, with a new trade deal kicking in on 20 October that strips tariffs off a wide range of goods and opens duty-free access for Indian exports. That kind of reset can shift where money flows. This piece walks through three export-focused Indian stocks exposed to this agreement and explains why some investors are watching them closely right now.
The three stocks in this piece are only a small sample, and the full screen on Simply Wall St surfaced 36 more Indian exporters to New Zealand with equally compelling business stories that are not covered here. If you want to quickly identify potential beneficiaries of the new trade deal and pressure test them against your own criteria, head straight to the India export-oriented sectors to New Zealand screener.
Sudarshan Chemical Industries (BSE:506655)
Sudarshan Chemical Industries is a pigment and specialty chemicals group with meaningful export exposure, which puts it squarely in focus as tariffs come off for Indian shipments into New Zealand’s coatings, plastics and packaging supply chains.
Sudarshan Chemical Industries manufactures pigments and specialty chemicals across coatings, plastics, inks and personal care, with the pigment division generating about ₹96.7b of its roughly ₹99.2b operating revenue and other activities ₹2.5b, and the stock valued at about ₹100.4b today.
"The single number to watch in August 2026 when Q1 FY27 reports: Heubach Business EBITDA for the quarter. If it is approximately €8-9 million, which would be consistent with the €35 million annual guidance, this would suggest a compounding recovery story with a second consecutive data point and a materially stronger re-rating argument."
What happens to this export engine if one quiet shift in profitability holds up over several more quarters will matter far more than headlines.
If that earnings inflection is real, read the full narrative for Sudarshan Chemical Industries to see how Sudarshan Chemical Industries could be quietly re-rating while the market looks elsewhere.
UPL (BSE:512070)
UPL is a global crop protection group exporting agrochemicals, seeds and bio-solutions. It fits this India export-oriented theme through its potential to serve New Zealand’s horticulture and farming base under friendlier trade terms.
UPL generates most of its ₹529.0b operating revenue from Crop Protection at about ₹428.1b, with Seeds & Post Harvest at roughly ₹71.8b and Non-Agro activities at about ₹30.1b, and the stock is valued at around ₹472.7b today.
"The shift toward sustainable agriculture and demand for environmentally adaptive crop protection is boosting interest in UPL's bio-solutions and bioscience portfolio (including notable growth in the NPP BioSolutions business and successful new product launches). This trend could improve margins structurally and support higher-quality earnings."
The way UPL chooses to fund and price its growth, and how that interacts with evolving farmer demand, will be important for the business.
That funding choice is exactly where the story for UPL starts to get interesting. The full narrative for UPL unpacks how capital structure, pricing power and farmer adoption could be quietly decoupling.
CCL Products (India) (BSE:519600)
CCL Products (India) plugs straight into the India export-oriented theme, with its instant and filter coffee portfolio already shipping overseas and now potentially facing a cleaner path into New Zealand’s mature coffee market as tariffs ease and trade paperwork thins out.
"The company's heavy reliance on B2B supply contracts, coupled with limited direct-to-consumer brand presence outside India, could cap margin expansion and leave CCL exposed to greater bargaining power from consolidated global buyers. This may put steady pressure on both net margins and future revenue growth."
Any change in that single pressure point, even if slight, could be important for how CCL Products (India) converts export volume into lasting profitability.
CCL Products (India) produces and sells instant, filter and flavored coffee under the Continental brand, exporting much of its output, and generates about ₹46.1b from coffee and related products, with the stock valued at roughly ₹142.1b today, tying its scale closely to global demand for Indian coffee exports.
If that pressure on B2B margins starts to shift, the full narrative for CCL Products (India) shows how CCL Products (India) could convert volume into accelerating long term value.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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