Kitex Garments Reports Strong Sales Growth Amid Rising Financial Costs and Market Outperformance

Kitex Garments, a midcap player in the Garments & Apparels industry, has recently undergone a financial trend adjustment reflecting its performance metrics for the quarter ending March 2025. The company reported net sales reaching Rs 300.17 crore, marking a significant achievement. Additionally, profit before tax, excluding other income, surged to Rs 43.00 crore, demonstrating a growth rate of 61.71%. The profit after tax also saw a notable increase, amounting to Rs 33.05 crore, which reflects a growth of 64.2%.
However, not all indicators are favorable. The operating profit to interest ratio has reached its lowest point at 10.27 times, while interest expenses have climbed to Rs 4.98 crore, indicating potential challenges in managing financial costs.

In terms of market performance, Kitex Garments has outperformed the Sensex over various time frames. Over the past week, the stock returned 1.38%, while the Sensex declined by 0.33%. In the last month, Kitex achieved a return of 23.05%, significantly higher than the Sensex's 1.51%. Year-to-date, the company has delivered a remarkable 35.00% return compared to the Sensex's 4.24%. Over the past year, Kitex's stock has soared by 346.11%, far exceeding the Sensex's 10.24% return, showcasing its strong market position.