The company is one of the largest vertically integrated textile players with a strong presence across the entire value chain from ‘fibre to fashion’
KPR Mill Limited, India’s leading and most valuable textile company, has announced extraordinary performance with highest-ever turnover and profits for FY22. Commenting on this achievement, P Nataraj, Managing Director, KPR Mill, said: “We are glad to report good financial results 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. The textile business continues to be good and the demand for apparel products is also on the uptrend.”
“The historically high demand for cotton has resulted in an upward spiral of prices, both in the domestic and international markets, due to which the yarn prices have also gone up. The expansion projects of garment capacity and sugar, co-generation and ethanol capacity have been successfully implemented,” he added. 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.
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.
In FY22, the company established a new garment facility with a capacity to produce 42 million knitted garments per annum. KPR Mill has also invested in the expansion of sugar, co-generation and ethanol production capacity with 10,000 TCD, 50 MW and 230 KLPD, respectively. 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% organic cotton men’s innerwear, sportswear and athleisure wear. The company has established a subsidiary in Singapore to support its export market expansion.
Keeping pace with the market demand KPR Mill has upgraded its entire spinning capacity to value-added yarn such as compact, melange, colour melange, PC, slub, grindle and vortex, contributing to 37% of the company’s total revenue. Of the total yarn manufactured, 29% is exclusively consumed to manufacture value-added products. The company has large capacity for knitted fabric manufacturing, contributing to nearly 6% of annual sales revenues. Around 61% 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% of the total revenues, exporting to over 60 countries, including Europe, Australia and USA.