Kitex Garments Limited — Updates, 02-11-2024: Press Release

Kitex Garments Limited reported a remarkable Q2 financial performance, with net profit soaring to ₹39.94 crore, nearly tripling year-on-year, driven by heightened demand amid unrest in Bangladesh. Revenue increased 58% to ₹220.91 crore, while PAT margin improved to 18.08%. The company is optimistic about reaching a turnover of ₹1,000 crore for the fiscal year, bolstered by ongoing investments in expanded capacities in Telangana, which will enhance future growth opportunities.