Kitex Garments news and archive

Kintex Garments reports lower earnings in Q3, hopes to make up in Q4

Kitex Garments’ earnings in the third quarter were impacted because of delayed winter in the US, with which it has the largest business. The Kerala-based manufacturing unit, which is the world’s third largest supplier of infant wear, to companies such as Gerber, The Children’s Place and Walmart, had to hold back its supplies by 2-3 weeks because...

Apparel

Kitex aims to take lead position in infant wear market

Kitex Garments, the third largest supplier of infant garments globally earns 85percent of revenues from the sale of infant wear and 15 percent from fabrics to Kitex Children wear. Now the company aims to take the lead in infant wear market over the next few years. Nearly 100 percent of its revenues are contributed from exports, with 90 percent...

Apparel

Kitex Garments Q3 net profit stands at Rs 11.32 cr

Kitex Garments in its financial results for the period ended December 31, 2013 has said that its net sales/income from operations was Rs 99.44 crores for the quarter ended December 31, 2013 against Rs 96.51 crores for the quarter ended December 31, 2012. The net profit was Rs 11.32 crores for as against Rs 10.36 crores for the quarter ended...

Apparel

Kitex Garment’s Q2 profit up Rs 11.98 crores

Announcing its financial results for the second quarter, Kitex Garments has says its net sales/income from operations was Rs 100.08 crores for the quarter ended September 30, 2013 as against Rs 65.80 crores for the same quarter in 2012. The net profit has gone up to Rs 11.98 crores for the quarter ended September 30, 2013 as against Rs 4.02...

Apparel

Kitex to explore new states for retail expansion

Eight months after the announcement of Kitex Garments’ decision to abandon its Rs 262 crores expansion plans in Kerala, the company has said that owing to the ‘unsafe business atmosphere in the state’ it does not have further plans to invest in the state. The company is planning to invest up to RS 500 crores, half of that amount in the first...

Apparel

Kitex bags ‘Best Vendor’ award

Kitex Garments has bagged the ‘Best Vendor of the Year’ award from the US-based Toys -R-Us, the international retailer in juvenile and toy products. This is the second consecutive year Kitex is receiving the award. The award was presented to Sabu M. Jacob, Managing Director, by Colette Melkonian, Global Brand Director, Toys-R-Us, at a function...