20 February 2023, Mumbai
Kitex Garments’ net sales in December 2022 were down 66 per cent from December 2021.
Ebitda in December 2022 was down 95 per cent from what it was in December 2021. Kitex Garments is engaged in the manufacture of fabric and readymade garments. The company operates through two business segments: garments and fabrics. The firm also exports cotton garments, principally infants’ wear. Kitex is a vertical set-up with knitting and processing of fabrics. The facility in Kerala covers an area of 1,80,768 sq ft, one of the largest in the world under one roof. The garmenting unit uses the latest machinery for pattern Computer-Aided-Design, plotting and grading. It has automatic spreader machines which enhance the speed of spreading and automated cutting machines for faster and precision cutting. Kitex employs nearly 4,372 people with a daily capacity to manufacture 3,60,000 units of infant garments. Kitex Garments has incorporated a new subsidiary company under the name of Kitex Apparel Parks. The subsidiary company is engaged in the business of textile items, such as yarns, fabrics, garments, apparels made from natural or synthetic fibers or from blends of both including children’s garments, babywear, infants’ wear, menswear, women’s wear, irrespective of age limit and the like and also in procuring all the raw materials and other auxiliary material services required for the same.
