Kitex Garments Ltd

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.

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

Black Box Ltd, Avanti Feeds Ltd, Tata Technologies Ltd and Acutaas Chemicals Ltd are among the other losers in the BSE's 'A' group today, 09 June 2026.Kitex Garments Ltd tumbled 10.35% to Rs 145.95 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.09 lakh shares were traded on the counter so far as against the average daily volumes of 46672 shares in the past one month.Black Box Ltd crashed 5.52% to Rs 950.75. The stock was the second biggest loser in 'A' group.On the BSE, 40562 shares were traded on the counter so far as against the average daily volumes of 90290 shares in the past one month.Avanti Feeds Ltd lost 3.92% to Rs 1027.9. The stock was the third biggest loser in 'A' group.On the BSE, 34384 shares were traded on the counter so far as against the average daily volumes of 36407 shares in the past one month.Tata Technologies Ltd slipped 3.91% to Rs 748.8. The stock was the fourth biggest loser in 'A' group.On the BSE, 90446 shares were traded on the counter so far as against the average daily volumes of 1.36 lakh shares in the past one month.Acutaas Chemicals Ltd dropped 3.63% to Rs 3191.35. The stock was the fifth biggest loser in 'A' group.On the BSE, 14206 shares were traded on the counter so far as against the average daily volumes of 28601 shares in the past one month.Powered by Capital Market - Live

Kitex Garments announced that the Board of Directors of the Company at its meeting held on 30 May 2026, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

Net loss of Kitex Garments reported to Rs 3.91 crore in the quarter ended March 2026 as against net profit of Rs 33.05 crore during the previous quarter ended March 2025. Sales declined 44.64% to Rs 166.17 crore in the quarter ended March 2026 as against Rs 300.17 crore during the previous quarter ended March 2025. For the full year,net profit declined 95.74% to Rs 5.91 crore in the year ended March 2026 as against Rs 138.73 crore during the previous year ended March 2025. Sales declined 32.14% to Rs 666.95 crore in the year ended March 2026 as against Rs 982.80 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales166.17300.17 -45 666.95982.80 -32 OPM %1.0017.04 -4.2620.43 - PBDT15.1150.84 -70 35.48205.29 -83 PBT-5.1347.68 PL -9.10189.54 PL NP-3.9133.05 PL 5.91138.73 -96 Powered by Capital Market - Live