KPR Mills’ new 42 million capacity garments factory is expected to be commissioned by Q2FY22. The factory would be fully ramped up in eight to 12 months. Of total incremental capacity, 60-70 per cent will be utilized for existing customer with balance for new customers. Analysts at ICICI Securities expect the company's garmenting division to post revenue CAGR of 28 per cent in FY21-23E.

During Q4FY21, KPR Mills’ net profit more-than-doubled to Rs 186.16 crore in the fourth quarter of FY 21 as against Rs 80.91 crore profit posted in the corresponding quarter last year. Revenue from operations jumped 28 per cent to Rs 1,130 crore from Rs 882 crore. Earnings before interest, taxes, depreciation, and amortization (EBITDA) margins expanded 820 basis points to 24.7 per cent.

KPR Mills’ new sugar and ethanol plant is expected to be commissioned in Q3FY22 with company targeting revenue mix of 50:50 from ethanol and sugar division. With the new expanded capacity, the management is aiming at overall sugar revenues to cross Rs 1,000 crore in next two to three years.