Kitex Garments a vertically integrated manufacturer of infant wear has the ability to manufacture over five lakh pieces of infant wear per day. For 2014-15, the company’s turnover was up by 15 per cent and PAT was 72 per cent higher compared to the previous year. Kitex invested Rs 30 crores in the last financial year for augmenting production lines, modernisation of process plant and mechanisation of production line to the extent possible. These have contributed a lot to the profitability of the company.

Kitex intends to further its performance through backward integration of operations into the spinning segment and also by takeover and merger of similar product companies. The goal is to increase capacity utilisation from 65 per cent in 2014-15 to 75 per cent by 2015-16. The plan is to develop a new private label by spring 2016 and its own label by this year end. By opening a new office, the company plans to change over from FOB to LDP terms which will be more attractive to buyers. It will also aim for additional profits. The US remains Kitex’s key market. Going forward, it plans to further leverage its competitive advantage in the US.

www.kitexgarments.com/