Kitex Garments Q2 FY27 Results: Consolidated Net Profit ₹13.71 Crore on Total Income of ₹213 Crore
- Earnings
- Garments and apparel
Reviewed byRachit TripathiBlacklitt Research
Kitex Garments (NSE: KITEX) reported total income of ₹212.82 crore and a net profit of ₹13.71 crore on a consolidated basis for the quarter ended 30 Sep 2026. Standalone total income was ₹190.74 crore and standalone net profit ₹25.03 crore, it said in a filing on 02 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹212.82 crore, up 58.2% YoY and 28.2% QoQ
- Net profit and EPS: ₹13.71 crore; basic EPS ₹0.84, against a loss of ₹6.22 crore a year earlier
- Finance costs: ₹14.10 crore, up 71.0% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹190.74 crore, up 39.9% YoY and 47.9% QoQ
- Net profit and EPS: ₹25.03 crore; basic EPS ₹1.25, against ₹0.55 a year earlier
- Other income: ₹10.94 crore, down 32.7% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 212.82 | 134.49 | +58.2% | 166.07 | +28.2% | |
| Revenue from operations | 203.04 | 122.10 | +66.3% | 158.43 | +28.2% |
| Other income | 9.78 | 12.39 | -21.0% | 7.64 | +28.0% |
| 13.71 | -6.22 | n/a | -17.12 | n/a | |
| Profit before tax | 22.15 | -2.30 | n/a | -13.35 | n/a |
| Finance costs | 14.10 | 8.24 | +71.0% | 13.61 | +3.6% |
| Depreciation | 18.52 | 7.98 | +132.0% | 17.58 | +5.4% |
| Tax expense | 8.45 | 3.92 | +115.3% | 3.77 | +124.1% |
| Net profit margin | 6.44% | -4.62% | +11.06 pp | -10.31% | +16.75 pp |
| EPS, basic (₹) | 0.84 | -0.08 | n/a | -0.45 | n/a |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
It rose 66.3% YoY to ₹203.04 crore, while other income fell 21.0% to ₹9.78 crore. Other income is 4.6% of total income this quarter.
Finance costs of ₹14.10 crore are 6.6% of total income, and depreciation rose to ₹18.52 crore from ₹7.98 crore a year earlier. Tax expense of ₹8.45 crore is 38.1% of profit before tax of ₹22.15 crore.
The auditors' conclusion on the consolidated results is not modified.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 190.74 | 136.34 | +39.9% | 128.96 | +47.9% | |
| Revenue from operations | 179.81 | 120.10 | +49.7% | 121.01 | +48.6% |
| Other income | 10.94 | 16.24 | -32.7% | 7.95 | +37.6% |
| 25.03 | 10.87 | +130.2% | 11.16 | +124.3% | |
| Profit before tax | 33.47 | 14.79 | +126.3% | 14.93 | +124.2% |
| Finance costs | 4.02 | 4.14 | -3.1% | 3.04 | +31.9% |
| Depreciation | 2.91 | 3.10 | -6.3% | 2.90 | +0.3% |
| Tax expense | 8.45 | 3.92 | +115.3% | 3.77 | +124.1% |
| Net profit margin | 13.12% | 7.97% | +5.15 pp | 8.65% | +4.47 pp |
| EPS, basic (₹) | 1.25 | 0.55 | +127.3% | 0.56 | +123.2% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 130.2% YoY to ₹25.03 crore, faster than total income, which rose 39.9%. Revenue from operations rose 49.7% while other income fell 32.7%.
The notes say the associate has incurred continuous losses and its net worth has fully eroded. Management says the carrying value is recoverable based on valuations and future projected cash flows.
The notes say a guarantee of ₹2,023 crore was given for borrowings of subsidiary Kitex Apparel Parks Limited, of which ₹961.13 crore was outstanding at 30 Sep 2026.
The company operates in a single business segment, textile infant and kids apparel manufacturing. The notes say the New Labour Codes have no material impact on it. The auditors did not review the interim results of six subsidiaries, whose total assets are ₹96.6 crore.
Inference
The filing reports a board-approved scheme of arrangement in which the textile business of Kitex Childrenswear Limited would be demerged into the company, to take effect on obtaining regulatory approvals. The filing does not say when those approvals are expected.
The filing does not state whether the carrying value of the Kitex USA LLC investment will be written down, or why the year-ago quarter included an exceptional item of ₹17.5 crore that the notes do not describe.
The filing does not state a dividend for the period.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
