Kitex Garments Limited — Board Meeting, 29-05-2025: Outcome of Board Meeting

Kitex Garments has announced a board meeting approving the consolidated financial results for the quarter and financial year ended March 31, 2025. The group posted revenue of ₹982.8 Cr and net profit of ₹135.75 Cr for the year. It proposed a final dividend of ₹0.50 per share, pending shareholder approval. The board also approved acquiring additional shares in its subsidiary Kitex Apparel Parks Limited for ₹133.82 Cr. The audit notes a qualification on investments in associate Kitex USA LLC, currently loss-making, but management is confident about recovery based on revised plans.