KPR Mills is engaged in the production of various products, including readymade knitted apparel, fabrics, and different types of yarn such as compact, melange, carded, polyester, and combed yarn.
KPR Mills, a well-known textile company based in Coimbatore that operates as a vertically integrated business, has recently received foreign investment. The investment comes from ‘Fidelity,’ which is recognised as the world’s largest fund house and is a US-based Foreign Institutional Investor (FII). Through this investment, Fidelity has acquired more than 1 per cent equity shares of the company.
The market capitalisation of KPR Mills stands at Rs 24,629 crore. According to the company’s annual report, a substantial amount of approximately Rs 400 crore is being allocated for the purpose of modernisation and expansion.
During the on-going fiscal year, the company anticipates the completion of its plans to establish a vortex spinning mill, which involves an expenditure of Rs 100 crore. Additionally, the modernisation strategy in the textile segment, requiring an outlay of Rs 100 crore, is also expected to conclude within this year.
KPR Mills is engaged in the production of various products, including readymade knitted apparel, fabrics, and different types of yarn such as compact, melange, carded, polyester, and combed yarn.
It is worth noting that the company’s overall consolidated revenue witnessed a year-on-year growth of 0.63 per cent. In specific numbers, the revenue increased from Rs 1,604.97 crore in the first quarter of the financial year 2023 to Rs 1615.99 crore in the first quarter of the financial year 2024. In contrast, the net profit experienced a decline of 10.52 per cent during the same period, moving from Rs 226.69 crore to Rs 202.84 crore.