In Q4, ending on March 31st, Kitex Garments Ltd saw a remarkable 500% surge in net profit, reaching Rs. 20 crore compared to Rs. 3 crore in the corresponding quarter last year.
The company reported a substantial 77% increase in quarterly revenue, reaching Rs. 173 crore compared to Rs. 98 crore in the same quarter of the previous fiscal year.
For the full financial year, the company experienced a slight dip in net profit to Rs. 56 crore from Rs. 57 crore in FY 2023, while revenue grew by 11% to Rs. 617 crore from Rs. 557 crore in FY ’23.
Kitex Garments, renowned for its children’s apparel, primarily focuses on contract manufacturing for private labels such as Jockey, Carter, Babies R Us, Gerber, and Mothercare, among others.
