KPR Mill, a vertically-integrated Indian textile manufacturer, is planning to increase its garment manufacturing potential by 10 million to a total of 115 million.
The company aims to meet the rising demand of its garments in the market with this expansion.
Recently, it commenced the commercial production of garments in Ethiopia.
Further, KPR Mill has posted growth in revenue and net profit of 8.3 percent and 18.3 percent, respectively on year on year basis.
It garment manufacturing capacity increased by 15.84 percent year on year to 68.66 million garments as against 59.27 million garments.
Yarn & fabric (49 percent) and garments (37 percent)contributes the most to the company’s revenue.
Geographically, KPR Mill derives 59 percent revenue from the domestic market and remaining from exports. The firm is also the biggest knitted garment manufacturer, and exports to Europe, Australia and the US.
Download Perfect Sourcing News App for Latest Business of Fashion News.
