Kitex Garments’ profit after tax (PAT) increased 120 per cent Y-o-Y in Q3 FY2021-22 to Rs 34.71 crore against Rs 15.60 crore in Q3FY21. As per an India Infoline report, the company’s consolidated revenues for the quarter ending December 2021 grew 71.68 per cent to Rs 208.20 crore as against Rs 121.70 crores for the quarter ending December 2020.

EBITDA margin for this quarter increased 80.32 per cent Y-o-Y as compared to Q3 FY21. Profit before tax margin increased 99 per cent at 23.43 per cent for Q3 FY’22, against Q3 FY’21. Sabu M Jacob, Chairman and Managing Director says, the company was able to achieve higher turnover and profits despite high material costs due to effective control measures.

A part of renowned Anna-Kitex group of companies, founded by MC Jacob, Kitex Garments is the largest employer in private sector in Kerala. Located near Kochi it has easy access to sea and airports. The company was established in 1992 and currently employs over 5000 people at its facility, and has been a business provider to many satellite businesses in the state. It is the second largest producer of children's apparel in the world, and is now in the process of setting up operations in the USA.