Shares of Kitex Garments hit 5% lower circuit in early trade after the company announced a mixed set of results for the first quarter of FY26.
On a year-on-year basis, consolidated revenue grew slightly by 3.3% to ₹196.69 crore, compared to ₹190.43 crore in the same quarter last year. However, the increase in revenue failed to translate into improved profitability.
Net profit declined 24% to ₹20.76 crore from ₹27.31 crore a year ago, reflecting pressure on the bottom line. EBITDA also fell 15% to ₹34.18 crore, as against ₹40.38 crore in the corresponding period. Operating margin narrowed to 17.4%, down from 21.2% last year, indicating higher costs or softer realizations.
Despite the modest rise in revenue, the decline in profit and margins might trigger negative sentiment among investors.
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