Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27, H1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting and Submission of Unaudited Financial Results pursuant to SEBI LODR Regulations

Date of Board Meeting / Approval: November 02, 2026 (Meeting held from 3:30 P.M. to 5:00 P.M.)

Audit Opinion: Qualified Conclusion

Auditor’s Comment: The auditors issued a qualified conclusion due to inability to obtain corroborative evidence for the recoverability of the carrying value of investment in Associate Company, Kitex USA LLC, amounting to ₹2,776.24 lakhs. The associate has incurred continuous losses and its net worth is fully eroded.

Key Financial Highlights [Unit: Rupees in lakhs]

Standalone Results:

For the quarter ended September 30, 2026:

  • Revenue from Operations: 17,980.59 (Q2 FY26: 12,009.92 | +49.7% YoY)
  • Total Income: 19,074.21 (Q2 FY26: 13,634.23)
  • Net Profit: 2,502.84 (Q2 FY26: 1,067.28 | +134.5% YoY)
  • EPS: 1.25 (Q2 FY26: 0.55)

For the half year ended September 30, 2026:

  • Revenue from Operations: 30,081.67 (H1 FY26: 31,679.11 | -5.0% YoY)
  • Total Income: 31,969.95 (H1 FY26: 33,765.41)
  • Net Profit: 3,618.74 (H1 FY26: 3,692.36 | -2.0% YoY)
  • EPS: 1.81 (H1 FY26: 1.85)

Other Equity: 116,971.71 (as of September 30, 2026 | March 31, 2026: 113,352.32)

Cash and Cash Equivalents: 5,919.10 (March 31, 2026: 9,810.40)

Debt:

  • Short-term Borrowings: 27,028.11
  • Long-term Borrowings: 3,106.10
  • Total Borrowings: 30,134.21

Consolidated Results:

For the quarter ended September 30, 2026:

  • Revenue from Operations: 20,303.58 (Q2 FY26: 12,210.17 | +66.3% YoY)
  • Total Income: 21,282.04 (Q2 FY26: 13,449.32)
  • Net Profit/(Loss) attributable to equity holders: 1,674.51 (Q2 FY26: Net Loss of (154.98))
  • EPS: 0.84 (Q2 FY26: (0.08))

For the half year ended September 30, 2026:

  • Revenue from Operations: 36,146.13 (H1 FY26: 31,879.36 | +13.4% YoY)
  • Total Income: 37,889.02 (H1 FY26: 33,190.99)
  • Net Profit/(Loss) attributable to equity holders: 775.00 (H1 FY26: 1,921.14 | -59.7% YoY)
  • EPS: 0.39 (H1 FY26: 0.96)

Other Equity: 101,763.28 (as of September 30, 2026 | March 31, 2026: 100,987.63)

Cash and Cash Equivalents: 7,122.38 (March 31, 2026: 11,438.93)

Segment-wise Performance:

The Company and the Group operate in a single business segment: Textile Infant/Kids Apparel Manufacturing. Hence, no separate segment reporting is applicable.

Corporate Actions:

Not Specified

Other Significant Information:

Investment in Associate:

The Company's investment in its associate, Kitex USA LLC, stands at ₹2,776.24 lakhs. The management believes the fair value is higher than the carrying value based on product mix optimization, service-led income de-risking, expected bilateral treaties, and forecasted future revenue growth with higher contribution margins. No adjustment was made to the carrying value.

Entities in Consolidation:

The consolidated results include the following entities:

1. Kitex Littlewear Limited (Wholly owned subsidiary)

2. Kitex Babywear Limited (Wholly owned subsidiary)

3. Kitex Kidswear Limited (Wholly owned subsidiary)

4. Kitex Knits Limited (Wholly owned subsidiary)

5. Kitex Packs Limited (Wholly owned subsidiary)

6. Kitex Socks Limited (Wholly owned subsidiary)

7. Kitex Apparel Parks Limited (Subsidiary)

8. Kitex USA LLC (Associate) [Share of loss not considered as it exceeded cost of investment in earlier years]

The auditors did not review the interim financial results of six subsidiaries, which are not considered material to the Group.