Kitex Garments Ltd

Kitex Garments Ltd share price gained 2.52% to Rs 115.85 after the company's net profit tumbled by 180.08% to Rs 13.71 crore, while revenue from operations gained significantly 28.16% to Rs 203.04 crore in Q3FY26 over Q2FY26. The market capitalization of Garments & Apparels industry group stocks on BSE stood at Rs 1.01 lakh crore, easing 6.52%. It has improved by 2.55% over last one week and eased lower by 7.24% in last one month while the market capitalization of Kitex Garments Ltd has inched up 2.75% and 20.16% in the same period respectively. Profit before tax (PBT) of Kitex Garments Ltd stood at Rs 22.15 crore in Q3 FY26, tumbling by 1063.04% year-on-year, and tanking 265.92% quarter-on-quarter. EBITDA came in at Rs 35 crore, crashing by 224.16% YoY and jumping 1280.39% sequentially. Total expenses grew marginally by 6.48% to Rs 176.57 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 110.53 crore, growing marginally by 5.55% YoY, while employee benefits expense was at Rs 45.04 crore, soaring 34.57% YoY. For the TTM ended FY26, revenue from operations plunged by 32.14% to Rs 666.95 crore, while net profit witnessed a sharp fall of 109.73% to Rs 13.21 crore, compared to previous TTM. EBITDA jumped by 21006% to Rs 23.95 crore, and PBT collapsed by 95.57% to Rs 8.4 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 345.78 crore in FY26, as against Rs 54.28 crore in FY25. Kitex Garments Ltd nosedived by 43% in last one year, underperforming the benchmark BSE Sensex which has eased by 9.87% during the same period.

KRBL Ltd, Trident Ltd, Balrampur Chini Mills Ltd and Marico Ltd are among the other gainers in the BSE's 'A' group today, 03 November 2026.Kitex Garments Ltd spiked 16.70% to Rs 135.2 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 3.71 lakh shares were traded on the counter so far as against the average daily volumes of 33861 shares in the past one month. KRBL Ltd surged 11.08% to Rs 403. The stock was the second biggest gainer in 'A' group. On the BSE, 3.66 lakh shares were traded on the counter so far as against the average daily volumes of 13540 shares in the past one month. Trident Ltd soared 8.96% to Rs 24.19. The stock was the third biggest gainer in 'A' group. On the BSE, 67.68 lakh shares were traded on the counter so far as against the average daily volumes of 4.47 lakh shares in the past one month. Balrampur Chini Mills Ltd added 8.83% to Rs 652.8. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.26 lakh shares were traded on the counter so far as against the average daily volumes of 78137 shares in the past one month. Marico Ltd jumped 8.22% to Rs 863.45. The stock was the fifth biggest gainer in 'A' group. On the BSE, 4.8 lakh shares were traded on the counter so far as against the average daily volumes of 94661 shares in the past one month.

Kitex Garments Limited will hold a board meeting on November 2, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Limited. Trading window for the company's securities has been closed from October 1, 2026, and will remain so until 48 hours after the board meeting’s outcome is announced.

Kitex Garments Limited informed the BSE Limited and National Stock Exchange of India Limited that the trading window for designated persons, their immediate relatives, and specified connected persons will be closed from October 1, 2026, until 48 hours after the declaration of the company’s unaudited standalone and consolidated financial results for the quarter ended September 30, 2026.

Kitex Garments Limited will hold its 34th Annual General Meeting on September 25, 2026, at 11:00 A.M. through video conferencing or other audio visual means, according to a regulatory filing. The company has set September 18, 2026, as the record date for determining entitlement to the final dividend for the fiscal year ended March 31, 2026, which will be paid within 30 days of the AGM date, subject to tax deductions.

Kitex Garments Ltd recently announced credit rating actions from multiple agencies concerning its bank loan facilities totaling Rs 3,479.80 million and 3,479.8 million, with India Ratings and Research noting a downward revision without specifying details, while India Ratings downgraded the bank loan facilities to IND BBB+ with a negative outlook and IND A2, respectively, citing reasons such as subdued margins in FY26, slower Warangal unit ramp-up, order execution delays, and debt-funded capex impact; Ind-Ra downgraded the long-term rating from IND A with a stable outlook to IND BBB+/Negative and the short-term rating from IND A1 to IND A2, referencing previous ratings of IND A for the long-term and IND A1 for the short-term, and clarifying that ratings are not recommendations.

Kitex Garments Ltd announced a revision to its credit ratings by India Ratings and Research Private Limited, as detailed in a press release dated August 25, 2026, impacting bank loan facilities amounting to Rs 3,479.80 million. India Ratings and Research Private Limited downgraded the rating for bank loan facilities to IND BBB+/Negative/IND A2, representing a downgrade action. The company is obligated to disclose this information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and no other rating agencies were involved in this announcement regarding the bank loan facilities of Rs 3,479.80 million.

Kitex Garments Ltd share price inched up 2.93% to Rs 138.75 after the company's net profit saw a strong growth of 84.28% to Rs 17.12 crore, while revenue from operations eased by 4.66% to Rs 158.43 crore in Q2FY26 over Q1FY26. The market capitalization of Garments & Apparels industry group stocks on BSE stood at Rs 90029.82 crore, declining 6.15%. It has slipped by 4.31% over last one week and heading higher by 8.77% in last one month while the market capitalization of Kitex Garments Ltd has softened by 4.31% and 11.54% in the same period respectively. Profit before tax (PBT) of Kitex Garments Ltd stood at Rs 13.35 crore in Q2 FY26, plunging by 147.34% year-on-year, and expanding by 160.23% quarter-on-quarter. EBITDA came in at Rs 3 crore, tanking 92.38% YoY and tumbling by 107.84% sequentially. Total expenses contracted by 10.24% to Rs 165.82 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 104.72 crore, growing marginally by 6.38% YoY, while employee benefits expense was at Rs 33.47 crore, inching up 4.33% YoY. For the TTM ended FY26, revenue from operations witnessed a strong growth of 59.31% to Rs 982.8 crore, while net profit surged by 143.15% to Rs 135.75 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 8031% to Rs 182.23 crore, and PBT surged 118.57% to Rs 189.54 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 54.28 crore in FY26, as against Rs 38.26 crore in FY25. Kitex Garments Ltd crashed 22.40% in last one year, underperforming the benchmark BSE Sensex which has eased by 3.05% during the same period.

Kitex Garments Limited will hold a board meeting on Friday, August 14, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, and to consider a proposal for raising funds through a further public offer or other methods, seeking shareholder approval for a fresh authorization to replace a prior approval granted at the company’s annual general meeting on September 17, 2025. The company has also kept the trading window for its securities closed from July 1, 2026, until 48 hours after the board meeting outcome is made public.

Kitex Garments announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 24 July 2026.