Kitex Garments announced that the Board of Directors of the Company at its meeting held on 30 May 2023, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 150%) , subject to the approval of the shareholders.

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Net profit of Kitex Garments declined 92.40% to Rs 3.36 crore in the quarter ended March 2023 as against Rs 44.20 crore during the previous quarter ended March 2022. Sales declined 61.46% to Rs 97.71 crore in the quarter ended March 2023 as against Rs 253.55 crore during the previous quarter ended March 2022.

For the full year,net profit declined 54.00% to Rs 57.55 crore in the year ended March 2023 as against Rs 125.12 crore during the previous year ended March 2022. Sales declined 29.34% to Rs 557.00 crore in the year ended March 2023 as against Rs 788.33 crore during the previous year ended March 2022.

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Kitex Garments will hold a meeting of the Board of Directors of the Company on 30 May 2023.

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Kitex Garments will hold a meeting of the Board of Directors of the Company on 30 May 2023.

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