Various public limited companies in textile and apparel sector are coming up with their very impressive Q4, FY22 and annual results.
Now, Kerala-based Kitex Garments, the world’s second largest infantwear manufacturer, has announced the same.
Net sales of the company touched Rs. 253.55 crore in Q4, FY22 (up 126.97 per cent) from Rs. 111.71 crore in Q4, FY21,while quarterly net profit was Rs. 44.20 crore in March 2022 (up 434.52 per cent) from Rs. 8.27 crore in March 2021.
Similarly, earnings before interest, taxes, depreciation and amortization (EBITDA) stand at Rs. 68.73 crore in March 2022 (up 235.27 per cent) from Rs. 20.50 crore in March 2021.
For FY22, its total sale was Rs. 788.33 crore, compared to Rs. 455.39 crore, at a growth of 73 per cent.
The company is geared up to grow further as just a few days back it started the construction of its Rs. 1,600 crore manufacturing facility at the Kakatiya Mega Textile Park in Warangal (Telangana).
