India's Kitex Garments drops after quarterly profit fall

Kitex Garments

05/08/2025 05:31

** Shares of Kitex Garments KITE.NS fall 5% to 199.69 rupees

** Garments maker's Q1 consol profit fell 24% Y/Y to 207.6 mln rupees ($2.4 mln)

** Q1 consol revenue rose 3.3% Y/Y, while total expenses jumped 7.9% Y/Y

** Stock set to fall for ninth straight session

** KITE down ~10% YTD

($1 = 87.8450 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))