Driven by solid performance from all segments during the quarter, as well as for the whole year, KPR Mill achieved an all-time high turnover and profit after tax during the year.
In FY22, the company established a new garment facility with a capacity to produce 42 million knitted garments per annum. The company has established an eco-friendly processing facility and sophisticated high-resolution printing facility. KPR Mill forayed into the retail segment with its brand ‘FASO’ – 100 per cent organic cotton men’s innerwear, sportswear and athleisure wear. The company has established a subsidiary in Singapore to support its export market expansion.
KPR Mill currently has annual production capacity of 100,000 MT of cotton yarn, 4,000 MT of viscose yarn, 40,000 MT of fabric, 157 million garments, 25,000 MT of fabric processing and 7,500 MT of fabric printing.
Keeping pace with the market demand KPR Mill has upgraded its entire spinning capacity to value-added yarn such as compact, melange, colourmelange, PC, slub, grindle and vortex, contributing to 37 per cent of the company’s total revenue. Of the total yarn manufactured, 29 per cent is exclusively consumed to manufacture value-added products. The company has large capacity for knitted fabric manufacturing, contributing to nearly 6 per cent of annual sales revenues. Around 61 per cent of the fabric is consumed to manufacture value-added products. Its garment manufacturing facility is one of the largest in India and contributes nearly 40 per cent of the total revenues, exporting to over 60 countries, including Europe, Australia and the US.
The company is one of the largest vertically integrated textile players with a strong presence across the entire value chain from ‘fibre to fashion’. It has made strategic investments in wind power projects and co-generation plant for captive consumption. KPR Mill boasts of marquee clients with more than 1,200 regular domestic clients for yarn and fabric and exports to nearly 60 countries for garments. With 115 million knitted garments’ capacity, KPR Mill has become one of the largest apparel manufacturers in India.
