Kitex Garments (KGL), aims to be the global leader in infant apparel segment 2018. Kitex had reported a turnover Rs 524.51 crores in 2014-15, up 15 per cent, and an increase in PAT to Rs 98.51 crores, 72 per cent higher compared to the previous year. The company has invested in modernisation, technology upgradation, right product mix and right talent to achieve its goal.

The company has an ability to manufacture 5.5 lakh pieces of infant wear per day, becoming the third largest player in this segment, globally. Kitex now plans to further invest Rs 102.50 crores from 2014-2018 to increase its production capacity from 5.5 lakh pieces per day to 1.1 million pieces by 2018. The goal is to increase capacity utilization from 65 percent in 2014/15 to 75 percent by 2015/16.

With leading brands like Mothercare and Carters expanding their market presence in developed and Indian market expected to create opportunities over the next two-three years, Kitex wants to emerge as the preferred supplier to these global brands. The company made an investment of Rs 30 crores in the last financial year to strengthen its production lines and plant modernization process.

Next on the company’s agenda is to improve profitability through backward integration of its operations right to the spinning segment along with acquiring related product companies.