Kitex Garments Limited has informed the Exchange regarding 'Quarterly Update : Q1 of FY 25-26'.
KITEX · price
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Awaiting price reaction for this filing.
Kitex Garments reported Q1 FY26 results with total income of ₹201.31 crores, up 3.3% year-on-year, EBITDA of ₹41.63 crores, and profit after tax of ₹26.05 crores. The company said the garments industry faced a slowdown because of US tariff changes, which made buyers cautious about placing new orders. To reduce dependence on exports, Kitex is launching its US babywear brand 'Little Star' in India, targeting an additional ₹1,000 crores in revenue over the next 2–3 years, starting on e-commerce platforms before moving to offline retail. Its US associate, Kitex USA LLC, has also repatriated about ₹80 crores out of ₹97 crores in pending receivables, with the remaining ₹17 crores expected by September 2025, after turning profitable in FY25.
Modest revenue growth despite US tariff headwinds is a positive signal, but the industry-wide slowdown and order uncertainty may pressure near-term margins. The India-focused 'Little Star' push and recovery of receivables from the US arm are constructive for long-term shareholders, though execution risks remain.