Kitex Garments saw a big jump in sales and the bottomline as the base quarter numbers were low but margins saw a slight contraction. In an interview to CNBC-TV18, Sabu Jacob, CMD, Kitex Garments spoke about the results and his outlook for the company.
Speaking to CNBC-TV18, Sabu Jacob, CMD of Kitex said that the company expects a 20 percent revenue growth in FY17 and huge business from its new client, Sams Club - a Walmart subsidiary.
The company is aiming for 20 percent plus revenue growth in FY17, says Sabu Jacob, Chairman & MD of Kitex Garments.
In an interview with CNBC-TV18, Jacob, CMD of Kitex Garments said revenue will improve in coming quarters as the order book is full
Speaking to CNBC-TV18, Sabu Jacob, CMD, Kitex Garments says any interest subsidy now will only boost the company‘s business and increase its profitability.