KPR Mills - Sustained Capex To Drive Revenue, Profitability: ICICI Direct
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
KPR Mills Ltd. continued to witness encouraging demand across all its segments in Q4 FY21.
Revenue for the quarter grew 28% YoY (20% QoQ) to Rs 1117.9 crore, with textile division (80% of sales) posting 26% YoY (12% QoQ) growth, sales from sugar division inching up 50% YoY (81% QoQ).
On the back of healthy order book, sustained demand for casualwear products (where the company’s expertise lies), garment volumes jumped 12% YoY to 29.7 million pieces.
However, realisations were lower at Rs 127/piece (average realisations: Rs 150-160) on the back of unaccounted export incentive (~4-5%).
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.