Kitex Garments

** Shares of Kitex Garments KITE.NS rise 3.7% to 175.9 rupees; set to snap a four-day losing streak

** Garment maker's unit commences commercial production at its new manufacturing facility at Warangal, in Telangana state

** KITE trades below key 50-,100-,200- day moving avgs, signalling a bearish momentum

** Stock down 23.6% YTD

(Reporting by Aleef Jahan in Bengaluru)

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** Shares of Indian textile firms mixed after country extends import duty exemption on cotton to Dec 31

** Duty exemption lets companies import cheaper cotton, easing pressure amid a slowdown in U.S. demand - Cotton Association of India

** Vardhman Textiles VART.NS gains nearly 10% , while Gokaldas Exports GOKL.NS shares trade flat

** Kitex Garments KITE.NS, Raymond Lifestyle RAYL.NS and Welspun Living WLSP.NS down 3.3%, 2.6% and 1.3%, respectively

** Stocks had fallen 1–5% on Tuesday ahead of U.S. tariff roll out

** Indian exports now face U.S. tariffs of up to 50% —among the highest imposed by Washington - disrupting trade with its largest export market

(Reporting by Urvi Dugar)

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** Indian textile stocks fall after U.S. confirms 25% additional tariff on Indian-origin goods starting Wednesday

** Indian exports will now face U.S. duties of up to 50% - among the highest imposed by Washington

** The new duties will apply to goods entering the U.S. for consumption or withdrawn from warehouse for consumption from 12:01 a.m. EDT on Wednesday or 9:31 p.m. IST

** Kitex Garments KITE.NS, Raymond Lifestyle RAYL.NS and Welspun Living WLSP.NS down 5%, 2.5% and 2%, respectively

** Vardhman Textiles VART.NS and Gokaldas Exports GOKL.NS fall about 1%

** Last week, India suspended an 11% import duty on cotton until September 30

** U.S. is the biggest market for India's garment exporters; tariffs are leading to order cancellations and making them uncompetitive against Bangladesh and Vietnam, which have U.S. duties of 20%

** YTD, RAYL down 45%, GOKL down 38%

(Reporting by Urvi Dugar)

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** Indian textile firms rise after country removes import duty on cotton from August 19 to September 30

** Vardhman Textiles VART.NS, among India's biggest yarn producers, up 8% to 442.2 rupees

** Kitex Garments KITE.NS, Welspun Living WLSP.NS and Raymond Lifestyle RAYL.NS up 5%, 4% and 3.4%, respectively

** Gokaldas Exports rises 2.4%

** India's garment industry is reeling from a steep 50% tariff on U.S. shipments, compared to a 20% rate for Bangladesh and Vietnam and 30% for China

** Industry groups have said exemptions on cotton imports, which were subject to an 11% duty, will make the sector more competitive

** Industry officials expect government to extend duty-free cotton imports beyond September

(Reporting by Ananta Agarwal in Bengaluru)

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** 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)

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** Shares of India's textile makers rise after Britain and India sign major trade agreement

** India's trade ministry said 99% of Indian exports would benefit from zero duty under the deal, including textiles

** Textile makers Gokaldas Exports GOKL.NS, Arvind Ltd ARVN.NS, K.P.R. Mill KPRM.NS, and Kitex Garments KITE.NS were up 7.2%, 3.3%, 7.9%, and 5%, respectively

** "India has advantage of cheap labour cost and high cotton supply, which benefit the domestic textile producers in long run," ICICI Securities said

** Adds, cos with integrated business model and high standards of quality production like Gokaldas Exports, KPR Mills, SP Apparels, Indo Count ICNT.NS and Welspun Living WLSP.NS will benefit from the pact in medium to long run

** ICNT jumps 6.5% and WLSP gains 7.3%

** ICICI Securities also says lower tariffs on footwear products is positive for Indian footwear companies such as Bata India BATA.NS, Metro brands METB.NS, Relaxo footwear RLXO.NS to explore opportunities in the UK market

(Reporting by Vijay Malkar)

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** Shares of Kitex Garments KITE.NS rise to exchange-allowed maximum limit of 5% to 635.30 rupees

** Apparel manufacturer on Monday said it will consider proposal for issuing bonus shares at a board meeting on Nov. 22

** Share price above 50-day, 100-day and 200-day exponential moving averages since Aug. 6

** Stock up 182.1% YTD

(Reporting by Ashish Chandra in Bengaluru)

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** Shares of Kitex Garments KITE.NS jump an exchange-allowed maximum of 5% to 565.45 rupees

** Apparel manufacturer's Q2 consol net profit jumps nearly 5x, rev up about 50%

** Stock gains for a third straight session, rising 11.5% in this period

** KITE up 151% YTD

(Reporting by Nishit Navin in Benagluru)

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** Shares of Kitex Garments KITE.NS rise to exchange-allowed maximum of 5% at 516.15 rupees

** Knitted garments maker says on track to achieve record turnover of 10 billion rupees ($119.37 million) in FY 2024/25

** September marks KITE's second-busiest month since April 2022, with about 19 mln shares traded

** Stock up 118% YTD

($1 = 83.7740 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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Sept 27 (Reuters) - Kitex Garments Ltd KITE.NS:

• CONSIDERED ACQUISITION OF KITEX CHILDRENSWEAR

Source text for Eikon: ID:nBSEc2yTWX

Further company coverage: KITE.NS

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Kitex Garments Ltd KITE.NS:

• KITEX GARMENTS - APPROVED FURTHER INVESTMENT IN KITEX APPAREL PARKS FOR UPTO 1.03 BILLION RUPEES

Source text for Eikon: ID:nNSE4QP8cf

Further company coverage: KITE.NS

** Shares of Kitex Garments KITE.NS up 4.4% to 223 rupees, highest since March 11

** Garment maker's consolidated net profit rose ~6x; rev up 77%

** About 600,000 shares traded, 4.4x its 30-day avg

** Stock down 1% YTD

(Reporting by Aleef Jahan in Bengaluru)

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May 20 (Reuters) - Kitex Garments Ltd KITE.NS:

• DIVIDEND OF 1.5 RUPEES PER SHARE

• MARCH-QUARTER CONSOL NET PROFIT 201.3 MILLION RUPEES VERSUS 33.6 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.73 BILLION RUPEES VERSUS 977.1 MILLION RUPEES

Further company coverage: KITE.NS

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Nov 6 (Reuters) - Kitex Garments Ltd KITE.NS:

• SEPT-QUARTER NET PROFIT 132.1 MILLION RUPEES VERSUS PROFIT 250.6 MILLION RUPEES

• SEPT-QUARTER REVENUE FROM OPERATIONS 1.34 BILLION RUPEES VERSUS 1.42 BILLION RUPEES

• FURTHER INVESTMENT IN KITEX APPAREL PARKS AT 258.5 MILLION RUPEES

Source text for Eikon: ID:nBSEbGzcjR

Further company coverage: KITE.NS

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May 30 (Reuters) - Kitex Garments Ltd KITE.NS:

• MARCH-QUARTER CONSOL NET PROFIT 33.6 MILLION RUPEES VERSUS 442 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 977.1 MILLION RUPEES VERSUS 2.54 BILLION RUPEES

• FINAL DIVIDEND 1.5 RUPEES PER SHARE

Source text for Eikon: [ID:]

Further company coverage: KITE.NS

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