Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

Kitex Q2 profit up eight per cent

For the second quarter Kitex Garments’ profits rose eight per cent. Revenue witnessed a 20 per cent jump. Total revenue for the half year ended September 30, 2018, stood at Rs 313 crores as compared to Rs 282 crores a year ago while net profit was at Rs 45 crores for the first six months as compared to Rs 42 crores a year ago.

Kitex, based in Kerala, is one of the largest apparel manufacturers of infant wear in the country and exports about 95 per cent of its infant wear. These are mainly to the United States and Europe. The company also engages in contract manufacturing for private labels such as Jockey, Carter, Babies R Us, Gerber, and Mothercare.

The company has been allotting regular capex for improvement of technology and infrastructure and is in the process of upgrading its current facilities so as to expand its capacity. The facility in Kerala covers an area of 1,80,768 sq ft, one of the largest in the world under one roof. The growth strategy includes revenue enhancement, horizontal product diversification, capacity augmentation and vertical integration. Kitex hopes to grow between 20 to 23 per cent a year over the next seven years.

 

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
VF Logo