Coimbatore-based vertically integrated company KPR Mill’s Q3 results are robust driven by strong demand for textile products. Revenue during the period grew 21 per cent in year-over-year basis to Rs 929.6 crore, with textile division (87 per cent of sales) posting 19 per cent Y-o-Y growth. With healthy order book and sustained demand for casual wear, apparel volumes went up 12 per cent Y-o-Y to 22.6 million pieces.
The average realisation/piece also firmed up 9 per cent to 163 per piece, translating to value growth of 22 per cent Y-o-Y to Rs. 369 crore (40 per cent of sales). Export order book at the end of Q3 was healthy at Rs 600 crore and revenue from yarn and fabric division (44 per cent of sales) grew 16 per cent Y-o-Y to Rs. 412 crore. It plans to expand its garment division. As on Q3, FY21, it has outstanding debt worth Rs. 556 crore and cash balance worth Rs. 350 crore.
