Kokuyo Camlin shares jump nearly 9% as GST exemption on education items lifts stationery stocks

Shares of Kokuyo Camlin Ltd surged 8.89% to ₹126.72 on Wednesday, September 4, as the GST Council’s decision to cut taxes on key education-related items to nil sparked a rally across the stationery and education segment.

GST reforms boost stationery demand

As part of the new GST structure effective September 22, the following items will see their GST rates reduced to 0%:

• Maps, charts, globes (earlier 12%)

• Pencils, sharpeners, crayons, pastels (earlier 12%)

• Exercise books, notebooks (earlier 12%)

• Erasers (earlier 5%)

The move is expected to make stationery essentials significantly cheaper, giving a direct demand boost for manufacturers like Kokuyo Camlin, one of India’s leading stationery brands.

Market outlook

Analysts suggest that the reforms will lower costs for households and schools while improving sales volumes for listed stationery firms including Kokuyo Camlin, Doms Industries, and Navneet Education. The sector is likely to benefit from stronger back-to-school demand as well as exports competitiveness.

Shares of education-related companies have been actively trading since the GST announcement, with Kokuyo Camlin emerging as one of the day’s top gainers in the pack.

Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

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