For the first half of the financial year KPR Mill’s net profit grew 137 per cent. Revenue during the period grew 44.5 per cent. Earnings before interest, taxes, depreciation, and amortization (ebitda) margin also improved 730 basis point to 29 per cent from 21.7 per cent in the first half of the previous year.

KRP Mill’s garment manufacturing capacity has increased to 157 million garments a year. Strategic plans have always been driving the growth of KPR, which is one of the largest captive power generators in the textile industry and 60 per cent of its textile power requirement is met through wind power. The company has invested in a co-gen power project. With co-gen power, KPR has attained self-sufficiency in meeting its substantial power requirement throughout the year.

Since the domestic yarn segment is witnessing a strong demand, the company expects to maintain margins in the range of 22 per cent in the yarn segment. Second quarter margins were significantly higher owing to the low cost cotton inventory available with the company. KPR would start buying new cotton soon and is evaluating the market scenario and would stock up cotton in the new cotton season. Normally the company keeps a cotton stock of around four to six months and buys cotton at the start of the season.