KPR Mill Q4 Results: Apparel manufacturer shares up 23% in three sessions ahead of earnings
Published on 09/05/2025 12:47 PM
KPR Mill Q4 Results: Apparel manufacturer shares up 23% in three sessions ahead of earningsMore clarity will be awaited from the management of KPR Mill as to how they view this FTA between India and the UK, and the potential benefits arising from the same.By Hormaz Fatakia May 9, 2025, 12:47:39 PM IST (Published)2 Min ReadShares of KPR Mill Ltd. are trading with gains of 5% on Friday, May 9, ahead of its March quarter results, that will be reported later in the day. This is the third straight day of gains for the stock.
The apparel products manufacturer has seen its stock surge 23% in the last three trading sessions, since India signed its Free Trade Agreement with the United Kingdom earlier this week.
As per the FTA, Indian textiles and apparel exports, which earlier faced up to 12% duties in the UK, will now have zero duties. This also puts the country's textile industry ahead of markets like Bangladesh, who do not have a similar FTA with the UK.
Gokaldas Exports, in an interaction with CNBC-TV18, saw this as a $1 billion opportunity in the UK market.
More clarity will be awaited from the management of KPR Mill as to how they view this FTA and the potential benefits arising from the same.
10 analysts have coverage on KPR Mill, with five analysts each having a "buy" and a "hold" rating each.
Shares of KPR Mill are trading 5% higher ahead of the results announcement at ₹1,248.6. The stock has risen 35% in the last one month in the lead up to its results.
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