Management Team
Mr. Sabu M. Jacob
Chairman & Managing Director
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Journey Began
Established in 1992 as Kizhakkambalam Textiles.
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Product Portfolio
Infant garments and fabric.
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Global Clientele
Carters, Gerber, Mothercare, Jockey &
Toys R Us
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Manufacturing Facilities
The garmenting major has all its textile units at Kizhakkambalam in Kerala.
Production Capacity
Close to 200 million garments annually. It aims to upgrade its current facilities so as to expand its capacity from 0.55mn units per day to 1.1mn units per day.
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Expansion Plans
Kitex is investing Rs.1000 lakhs in FY17 to upgrade its manufacturing and information technology backbone. The company expects to maintain same growth rate in FY17-18, FY18-19 and FY19-20.
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Major developments in FY15-16
Kitex USA LLC has signed a brand-licensing agreement with Lamaze International for the sale of infant wear in US and Canada under the Lamaze brand. Kitex USA LLC will be the exclusive supplier for Lamaze infant wear (for children up to five years old) in these two regions. Kitex’s own brand “Little Star” to be launched by Fall 2016. The management plans to target this brand as a mass market product in US and Canada. It plans to launch the brand through the online route.
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Financial Performance
In FY15-16 the company’s garment segment contributed 87% of the sale and fabric 13%. It achieved a total income of Rs. 566 crin 2015-16 as against Rs. 525 cr the previous year.
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Future Plans
Kitex aims to achieve and Y-o-Y growth of 20% in FY16-17 by expanding customer base and increasing the business share with its existing customers.