Tariff uncertainties prompting clients to rethink supply chains, says Wipro CEO Srinivas Pallia

Wipro Q2 Results

Persistent tariff uncertainties are continuing to weigh on the consumer, energy, and manufacturing sectors, pushing companies to reassess and diversify their global supply chains, Wipro CEO and Managing Director Srinivas Pallia said during the company's earnings press conference on October 16.

"Tariff uncertainties continue to impact consumer, energy, and manufacturing sectors, leading our customers to re-evaluate their supply chains," Pallia said.

The Wipro chief noted that global clients are becoming increasingly cautious amid changing trade policies.

Wipro on October 17 reported a 1.15 percent increase in consolidated profit after tax at Rs 3,246 crore for the quarter ended June 30, 2025. The IT major had posted a profit after tax of Rs 3,209 crore in the same period a year ago, the company said in a regulatory filing.

The consolidated revenue from operations of Wipro was up marginally by 2 percent to Rs 22,697 crore during the July-September period from Rs 22,302 crore in the year-ago period. This was below CNBC-TV18's poll estimate of Rs 22,700 crore.

Over the past few years, several multinational corporations have begun shifting production and sourcing away from single-market dependencies, exploring alternative hubs such as India, Vietnam, and Mexico to mitigate risks from fluctuating tariffs and geopolitical tensions.

The $280-billion domestic information technology (IT) industry may not be directly impacted by the recent round of additional tariffs and penalties imposed by the US on Indian exports. However, analysts warned of second-order effects that could affect client sentiment, discretionary spending, and the flow of large deals.

Also Read: US tariffs: No direct hit but Indian IT sector braces for second-order stress

On August 6, the Trump administration announced the imposition of additional tariffs and penalties on a range of Indian goods, citing concerns over New Delhi's continued purchase of Russian crude.