** Premium furniture retailer RH's RH.N shares slump 11% to $203 after the bell
** Company lowers fiscal 2025 revenue growth target between 9% and 11% from prior forecast of 10% to 13%
** Expects $30 million in additional tariff costs after mitigation efforts in second half of year
** Sees annual adjusted EBITDA margin of 19% to 20% from prior target of 20% to 21%
** Says it's aggressively responding to recent 50% tariffs imposed on imports from India, impacting 7% of RH's business, mainly hand-knotted rugs
** "We expect a higher risk business environment due to the uncertainty caused by tariffs, market volatility, inflation risk, and an increasing level of global discord," says CEO Gary Friedman
** So far, stock down ~42% YTD
(Reporting by Savyata Mishra in Bengaluru)
((Savyata.Mishra@thomsonreuters.com))