A leading women’s apparel manufacturer, known for its ethnic and Western wear collections across two distinct brands, is making waves in the fashion industry. The company has now strategically expanded into the children’s clothing market, securing a significant partnership with Reliance Retail Ltd. for premium kid’s wear, marking a pivotal growth milestone.
Share Price Movement
The share price of Kizi Apparels Limited hit 5 percent upper circuit of Rs. 26 per share on Monday, an increase from its previous close of Rs. 24.77 per share. The market capitalisation now stands at approximately Rs. 19.70 crore as of January 20, 2025.
Recent Update
Kizi Apparels Limited has announced its expansion into the kid’s apparel segment with its first successful order for Reliance Retail Ltd. in the mid-premium market. This move will enhance the company’s brand image and boost its visibility in the kid’s apparel segment.
Financial Highlights
The company’s half-yearly profit grew by 55.6%, rising from Rs. 0.27 crore in H1FY24 to Rs. 0.42 crore in H1FY25. Revenue increased by 45.2%, climbing from Rs. 8.57 crore to Rs. 12.44 crore over the same period, reflecting robust growth.
Also read…..
Competitors
Kizi Apparels competes with Vardhman Textiles, Raymond Lifestyle, and Arvind Ltd, known for diverse products and strong market presence. Other competitors include Thomas Scott, Bizotic Commercial, Welspun Living, Sahaj Fashions, Garware Synthetics, Konark Synthetic, LWS Knitwear, and Prag Bosimi Synth.
Kizi Apparels is currently trading at a P/E of 27.51, which is in line with the industry P/E of 27.51.
Market Outlook
India’s textile and apparel industry is a key global player, known for its high-quality cotton, silk, and denim. With a diverse range from handlooms to organized textiles, the sector is growing rapidly at a 14.59% CAGR. Contributing $70 billion to GDP, it employs 145 million people directly and indirectly, making it a vital economic pillar. Major manufacturing hubs include Andhra Pradesh, Telangana, Haryana, Jharkhand, and Gujarat. By 2028, the market is expected to reach $387.3 billion, showcasing robust growth and global appeal.
Written BY Fazal Ul Vahab C h
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
