Quarterly results analysis: Apparel export gains over domestic sales

Apparel exporters gained over others in the segment during the September quarter results, the second one (Q2) of this financial year. For instance, KPR Mill, Kitex Garments and Gokaldas Exports, for which external shipment are the bulk of business, has revenue or profit either improving or steady over both the June quarter (Q1), which was just before the rollout of goods and services tax (GST), as well as Q2 a year before. Fabric and garment maker Raymond showed profit of Rs 62 crore as against a net loss of Rs 7 crore in the pre-GST quarter of April-June. 

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