Kitex Garments
208.86
+1.89(+0.91%)
Market Cap₹4,166.76 Cr
PE Ratio48.38
IndustryTextiles
Company Performance:
1D+0.91%
1M+19.10%
6M+4.59%
1Y+9.04%
5Y+480.49%
View Company Insightsright
More news about Kitex Garments
06Sept 25
Kitex Garments Shareholders Approve New Independent Director and Re-appoint Whole-Time Director
Kitex Garments Limited held its 32nd AGM on September 28, 2024, where shareholders approved two key board appointments. Mr. A K Mathew was appointed as an Independent Director for a five-year term starting August 14, 2024. Mrs. Sindhu Chandrasekharan was re-appointed as Whole-Time Director for another five-year term beginning March 16, 2025. Both directors are not related to existing board members and have not been debarred from holding directorship positions by any regulatory authority.
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28Aug 25
Kitex Garments' Subsidiary Launches Commercial Production in Telangana
Kitex Garments Limited announced that its subsidiary, Kitex Apparel Parks Limited, has started commercial production at a new manufacturing unit in Warangal District, Telangana State. This expansion marks a significant operational milestone for the company. Kitex Garments has officially notified both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) about this development, in compliance with SEBI regulations.
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07Aug 25
Kitex Garments Launches 'Little Star' in India, Eyes Rs 1,000 Crore Revenue Boost
Kitex Garments introduces its US babywear brand 'Little Star' to the Indian market, aiming for Rs 1,000 crore additional revenue in 2-3 years. The move is part of a risk mitigation strategy amid international trade challenges. 'Little Star' will initially be available on e-commerce platforms, with plans to expand to physical stores. The company sees significant potential in India's newborn apparel sector, which could reach Rs 1.46 lakh crore by 2030. Kitex has temporarily halted discussions on proposed investments in Andhra Pradesh due to international market uncertainties.
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04Aug 25
Kitex Garments to Double Authorized Share Capital, Explores ₹3,000 Crore Fundraising
Kitex Garments Limited announced strategic moves including doubling authorized share capital to ₹50 crores, approval for fundraising up to ₹3,000 crores, and launching 'Little Star' brand in India targeting ₹1,000 crore annual revenue within 2-3 years. Q1 FY2026 results show 3.28% YoY revenue growth but 13.01% decline in net profit. The company aims to expand in the domestic kidswear market with an omnichannel, digital-first approach.
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04Aug 25
Kitex Garments Reports Mixed Q1 Results, Unveils Ambitious Fundraising and Expansion Plans Including 'Little Star' USA Brand Launch in India
Kitex Garments reported mixed Q1 results with increased revenue but decreased profits. The company approved plans to raise up to ₹30 billion through equity shares and increase its authorized share capital. Kitex also announced the launch of its 'Little Star' USA brand in India, targeting ₹1,000 crore annual revenue within 2-3 years. The company aims to capitalize on India's growing infant and children's wear market, projected to reach ₹1,46,763 crore by 2030.
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04Aug 25
Kitex Garments Reports Q1 Profit, Plans ₹3,000 Crore Fund Raise and Launches 'Little Star' Brand in India
Kitex Garments reported Q1 revenue of ₹19,669.19 lakhs and net profit of ₹2,605.08 lakhs (standalone). The company approved plans to raise up to ₹3,000 crores through equity issuance and increase authorized share capital to ₹50 crores. Kitex is launching its 'Little Star' brand in India, targeting ₹1,000 crores annual revenue within 2-3 years. Auditors raised concerns over recoverability of investments and receivables from Kitex USA LLC.
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30Jul 25
Kitex Garments to Explore Long-Term Funding Options and Review Q1 Results on August 4
Kitex Garments Limited has scheduled a board meeting for August 4, 2025, to discuss long-term funding options and review Q1 financial results. The company will consider raising capital through equity shares, equity-linked securities, qualified institutional placement, or preferential issues. The board will also review unaudited financial results for the quarter ended June 30, 2025, consider increasing authorized share capital, and discuss potential changes to the Memorandum of Association. The trading window for company securities is closed from July 1, 2025, until 48 hours after the meeting results are announced, in compliance with SEBI regulations.
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30Jul 25
Kitex Garments to Explore Long-Term Funding Options and Review Q1 Results on August 4
Kitex Garments Limited has scheduled a board meeting for August 4, 2025, to discuss long-term funding options and review Q1 financial results. The company will consider raising capital through various means, including equity shares and qualified institutional placement. The board will also deliberate on increasing the Authorized Share Capital and amending the Memorandum of Association. The trading window for company securities has been closed from July 1, 2025, until 48 hours after the meeting's outcome is disclosed.
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29May 25
Kitex Garments Q4 Results: Revenue Soars, Profit Climbs Despite Margin Pressure
Kitex Garments' Q4 results show significant growth with revenue increasing 73.41% to ₹3,000.00 million and net profit rising 52.31% to ₹396.00 million year-over-year. EBITDA grew 37.91% to ₹482.00 million. However, EBITDA margin decreased to 16.07% from 20.20%, indicating some pressure on profitability despite overall positive performance.
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24Apr 25
Kitex Garments Subsidiary Initiates Trial Run at New Warangal Facility
Kitex Apparel Parks Limited, a subsidiary of Kitex Garments Limited, has started a trial run at its new manufacturing unit in Warangal District, Telangana State. This development marks a significant step in Kitex Garments' expansion strategy, potentially increasing production capacity and enhancing market reach. The company officially announced this milestone to stock exchanges, complying with SEBI regulations.
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Kitex Garments
208.86
+1.89
(+0.91%)
1 Year Returns:+9.04%
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