Kitex Garments reported a consolidated net loss of ₹9.00 crore in the quarter ended June 2026, marking a significant reversal from the net profit of ₹20.76 crore recorded during the corresponding quarter of the previous financial year. According to reports from Business Standard, this represents a complete turnaround in the company's financial performance compared to the same period last year.
The company's sales declined by 19.45% to ₹158.43 crore in Q1 FY27 compared to ₹196.69 crore in the corresponding quarter of the previous financial year. As reported by Business Standard, this substantial revenue decline indicates challenging market conditions or operational issues that impacted the garment manufacturer's top-line performance during the quarter.
The company's operating profit margin (OPM) improved to 6.43% in Q1 FY27 from 17.38% in the previous year quarter, indicating better cost management despite the revenue decline. However, PBDT (Profit Before Depreciation and Tax) fell by 87% to ₹4.23 crore from ₹31.37 crore in the corresponding quarter of the previous year, according to the financial data reported by Business Standard.
PBT (Profit Before Tax) turned negative at ₹13.35 crore in Q1 FY27 compared to a positive ₹28.20 crore in the previous year quarter, indicating deteriorating profitability at the pre-tax level. The company's net loss of ₹9.00 crore in the current quarter represents a significant decline from the net profit of ₹20.76 crore recorded in the corresponding quarter of the previous financial year, as reported by Business Standard.
