Business

KPR Mills Registers Healthy Growth In Third Quarter

Tamil Nadu’s textile major, KPR mills is planning to augment its capacity. The vertically integrated textile player has poured out its intentions to expand its garment capacity by 10 million. With this the garment facility will hit the 1115 million mark. The expansion plan is a move to meet increased demand for garments rom the markets. With continuous increase of demand, the company has already commenced production work in Ethiopia. The company has already got its footprints as the largest Indian supplier in Europe, Australia and USA. In the third quarter of this season the company has witnessed a revenue growth of 8.3 percent and 18.3 percent in terms of profit on an year—on-year comparison. On the basis of the third quarter of FY19 KPR increased its garment production by 15.84 percent. The year-on-year comparison shows that figure has shot up from 59.27 million to 68.66 million garments.