ICICI Direct: KPR Mill Embarking On Next Phase Of Growth
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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.
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