Massive surge! Why Kitex Garments shares skyrocketed 16% after Q2 results | Highlights from quarterly earnings; returns
Kitex Garments share price skyrocketed 16% in Monday's trading session after the company reported strong set of numbers during the July-September quarter for the financial year 2026-27.
Kitex Garments shares opened at ₹126 apiece on NSE today, as compared to previous close of ₹115.77 on Monday and touched an intraday high of ₹137.09 on 3 November.
Kitex Garmets Q2 results 2026
Kitex Garments reported a strong financial performance in Q2 FY27, with revenue from operations rising 66% year-on-year (YoY) to ₹203 crore, compared to ₹122 crore in Q2 FY26.
On a sequential basis, revenue increased 28% from ₹158 crore in Q1 FY27, indicating sustained growth in the company's business performance.
The company's operating performance also witnessed a significant improvement during the quarter. EBITDA surged to ₹45 crore in Q2 FY27, compared to an operating loss of ₹16 crore in the corresponding quarter last year. Consequently, the operating profit margin (OPM) expanded sharply to 22.2% from -13.1% in Q2 FY26.
At the bottom line, Kitex Garments reported a consolidated net profit of ₹13.71 crore in Q2 FY27, compared to a net loss of ₹6.2 crore in Q2 FY26. The company also staged a turnaround from the net loss of ₹17 crore reported in Q1 FY27.
Overall, the Q2 FY27 results reflect a strong recovery in Kitex Garments' financial performance, supported by robust revenue growth, a sharp improvement in operating profitability and a return to the profit zone.
Meanwhile, during the Q1 FY27, Kitex Garments reported a weak performance with consolidated revenue declining to ₹158.43 crore and a net loss of ₹17.13 crore in the quarter ended June 2026. Revenue fell 4.66% quarter-on-quarter (QoQ) from ₹166.17 crore and 19.45% year-on-year (YoY) from ₹196.69 crore in the corresponding quarter last year.
The company's operating profit stood at ₹10.19 crore in the June 2026 quarter, compared with ₹1.67 crore in the preceding quarter. However, it reported a loss before tax of ₹13.36 crore and a net loss of ₹17.13 crore, marking a sharp reversal from the ₹19 crore net profit recorded in Q1 FY26, according to the company’s results summary.
Kitex Garments share price performance
Kitex Garments share price has witnessed a strong recovery in the recent trading sessions, gaining 19.29% over the past week. The stock has also delivered a positive return of 15.09% over the past month, indicating improved buying interest in the counter. The recent rally comes despite the stock remaining under pressure on a year-to-date basis, with a decline of 25.62%.
On a longer-term basis, Kitex Garments shares have delivered mixed returns. The stock has fallen 33.86% over the past one year, reflecting weakness during the period. However, it has generated significant gains over the past three and five years, rising 97.92% and 151.62%, respectively.