KPR Mill Q1 Review – Margins To Sustain Amid Strong Demand: ICICI Direct

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Despite pandemic related challenges, KPR Mills Ltd. has reported yet another solid operational performance in Q1 FY22.

Revenue grew 67% YoY (down 19% QoQ) to Rs 903.7 crore.

Textile segment (87% of revenue) grew 85% YoY while sugar division (12% of revenues) de-grew 1.9% YoY.

Gross margins improved 458 basis points QoQ to 46.9% and continue to remain higher than its average level of 42-43% owing to enhanced yarn spreads.

Ebitda margins expanded 90 bps QoQ to 24.9%.

This is the fifth consecutive quarter wherein KPR Mill has maintained 20% plus Ebitda margins.

Announced stock split of one equity share of Rs 5 into five equity shares of Rs 1 each.

Click on the attachment to read the full report:

ICICI Direct KPR Q1FY22 Result Update.pdf


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