ICICI Direct: KPR Mill Embarking On Next Phase Of Growth
Rolls of coloured yarn sit on hangars at a knitting centre (Photographer: Lisi Niesner/Bloomberg)

ICICI Direct: KPR Mill Embarking On Next Phase Of Growth

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Amid a challenging scenario, KPR Mill Ltd. exhibited a smart recovery with 20% plus growth in textile division.

Revenue from textile division grew 21.3% YoY to Rs 852.3 crore while sales from sugar division de-grew 11% YoY to Rs 76.1 crore.

Overall revenue grew 17% YoY (74% QoQ) to Rs 941.9 crore.

On the segmental front, garmenting division bounced back sharply with revenue growth of 23% YoY to Rs 403 crore.

The growth was on the back of 15% volume growth to 25.0 million pieces, 7% rise in average realisation to Rs 160 per piece.

Click on the attachment to read the full report:

ICICI Direct KPRMill Company Update.pdf

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