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ICICI Direct Report
KPR Mill Ltd. is India’s leading garment manufacturer and exporter of knitted apparels, boasting capacity to produce 115 million pieces per annum.
The company, given its vertically integrated business model seems well placed to benefit from China plus one strategy.
Its export order book at the end of Q2 FY21 was healthy at Rs 540 crore.
To cater to the growing market demand and tapping new potential markets (like U.S.), the company had embarked upon a greenfield expansion of its garmenting facility with annual capacity of 42 million pieces.
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