Kitex Garments eyes Rs 5,000 crore revenue, expects to benefit from US tariffs

Kitex Garments is aiming to achieve Rs 1,000 crore in revenue during 2025 and has projected a long-term revenue target of Rs 5,000 crore once its textile plants in Telangana reach full operational capacity. The company expects to benefit from recent US tariff changes on textile imports.

The US administration under Donald Trump recently imposed steep tariffs on key textile exporters. While India faces around a 26% levy, Bangladesh and China have been hit with significantly higher tariffs, 37% and nearly 140% respectively, giving Indian exporters a relative advantage in the US market. “I think we’ll have a deal with India,” announced US president Donald Trump to reporters outside the White House, CNBC reported on April 29. 

Kitex stated that these developments, combined with political uncertainty in Bangladesh, may shift global sourcing patterns in favour of India, Apparel Resources India reported. The company is positioning itself to cater to increased demand from US buyers seeking lower-tariff alternatives.

With an ongoing investment of Rs 3,550 crore in expanding its manufacturing infrastructure, Kitex believes it is well placed to capitalise on this shift. The company highlighted that it can maintain profit margins while offering competitive pricing compared to major global competitors.

Kitex aims to fulfil 1% of total US textile garment demand, which it views as a significant export opportunity. The company expects this strategic focus to contribute meaningfully to India’s growing presence in global textile trade.