KPR Mill - Company Update - ICICI Direct
Posted On: 2020-12-17 21:57:32 (Time Zone: Arizona, USA)
KPR Mill is India s leading garment manufacturer & exporter of knitted apparels, boasting capacity to produce 115 million (mn) pieces per annum. KPR, given its vertically integrated business model seems well placed to benefit from China plus one strategy. Its export order book at the end of Q2FY21 was healthy at Rs. 540 crore. To cater to the growing market demand and tapping new potential markets (like US), KPR had embarked upon a greenfield expansion of its garmenting facility with annual capacity of 42 mn pieces. With the capacity addition, KPR will be India s largest knitted garment manufacturer in India with total capacity of 157 mn pieces. The new capacity is expected to come on stream from H1FY22E onwards. Over the years, Europe has been the key market for KPR contributing ~54% of overall garment export revenues, whereas US remains underpenetrated with share of ~22%. Robu