India’s leading kidswear manufacturer and exporter, Kitex Garments Limited has achieved good growth in overall income as well as net profit during the first quarter of the current fiscal year.
The company reported consolidated financial results.
The first quarter, which ended 30 June 2022, saw the company’s total incomegrow by 66 per cent to clock Rs. 264 crore, while the same was Rs.159.04 crore during the same period a year earlier.
The company achieved 78 per cent more net profit in Q1, FY 23 compared to same quarter of last fiscal.
While it posted net profit of Rs. 36.62 crore in this quarter,the same was Rs.20.51 crore for the period ended 30 June 2021.
Kitex Garments, which was recently in news due to various reasons, is on an expansion mode and is expecting significant growth once its expansion plans get completed.