Hey investors! 👋 We’ve got some exciting news from Kitex Garments Limited (NSE: KITEX) that points towards future growth and expanded capabilities.
The company recently announced that its subsidiary, Kitex Apparel Parks Limited, has officially commenced commercial production at its brand-new manufacturing unit. This significant milestone is taking place in the Warangal District of Telangana State.
What does this mean for Kitex Garments? Well, the start of commercial production at a new unit is a clear indicator of capacity addition and strategic expansion. It suggests the company is gearing up to meet growing demand, enhance its manufacturing footprint, and potentially boost its revenue streams in the coming periods. For a company known for its strong presence in the apparel sector, particularly infant wear, this expansion could be a key driver for its long-term growth trajectory.
This move aligns with the company’s broader plans and is a positive step forward in strengthening its operational capabilities. Keep an eye on Kitex Garments as this new unit gets into full swing! ✨
source: Corporate Announcement