Karnika Industries Ltd

Karnika Industries Ltd – Company Report


1. Company Overview


Karnika Industries Ltd is an Indian manufacturer, exporter, and trader specializing in children’s apparel and garments. Originally established as Karni International in 2017 and later incorporated as a public company, Karnika Industries has built a substantial presence in the kidswear market, producing fashionable, comfortable, and quality clothing for infants and children of all ages. Operating from Howrah, West Bengal, the company maintains a manufacturing infrastructure spanning over 200,000 square feet and produces more than 850,000 units monthly. Karnika’s approach centers on premium craftsmanship, deep product variety, timely delivery, and a customer-centric ethos, helping it establish a network of over 2,500 clients and a portfolio of 500+ products.

Karnika Industries’ certifications, including ISO 14001:2015, signify a commitment to quality and environmentally conscious manufacturing. The company is known for its strong brand portfolio and its ability to keep pace with fast-evolving fashion trends across the kidswear segment.

  • Headquarters: Howrah, West Bengal, India
  • Industry Focus: Children’s apparel and garment manufacturing
  • Market Position: Leading kidswear exporter and manufacturer in India
  • Certifications: ISO 14001:2015, modern factory infrastructure
  • Production Scale: 850,000+ units/month, 200,000+ sq. ft. production area
  • Employees: 500+
  • Brands: KARNIKA, KARNIKA Care, KARNIKA Cool, KARNIKA Cube, KARNIKA Life, KARNIKA Key, KARNIKA Club

2. Products and Services


Karnika Industries Ltd delivers a comprehensive lineup of products and manufacturing services tailored for the kidswear and fashion industry:

  • Kidswear Manufacturing: Infant and children’s apparel including shorts, joggers, capris, tees, rompers, sleepsuits, pajamas, winter wear, party wear, and daily essentials.
  • Brand and Private Label Production: In-house and client-branded production with a focus on safety, quality, and variety across multiple sub-brands.
  • Customization and Flexible Order Fulfillment: Design, sampling, and bulk production with fabric diversity (knitted, woven, specialty).
  • International and Domestic Export Services: Reliable fulfillment for both Indian and overseas markets, with a 92%+ on-time delivery rate.
  • Value-Added Services: Product inspection, ironing, packaging, testing, and trend forecasting support.

Karnika leverages modern hi-tech machinery and skilled professionals to deliver consistent quality, supporting both fast-moving fashion cycles and large-volume orders.


3. Recent News and Financial Performance


Business Highlights

  • Expansion of export client base and product portfolio, reinforced through new style introductions and participation in industry events.
  • Operational efficiency improvements enabled by scale, resulting in 92%+ on-time delivery rates.
  • Authorized share capital increase and bonus share issue, aligned with business expansion and sustained profitability.

4. Financial Performance (FY2025)


Metric FY2025
Revenue from Operations ₹173 crore
Net Profit ₹18 crore
Operating Profit Margin 15%
Earnings Per Share (EPS) ₹14.54
Debt Position Virtually debt-free
Dividend Not declared

Financial Summary

FY2025
MetricCompanyIndustry Avg.
Price / Sales4.531.79
EV / EBITDA28.2813.98
Debt / Equity0.850.72
ROE %29.0521.26
ROCE %24.2220.08
P / B11.024.15
Div Yld %0.020.83
P/E43.3924.56
OPM %15.0913.22
Qtr Sales Growth YOY %19.8317.11
Qtr Profit Growth YOY %37.3918.39
ROA LAST 12M %13.149.91
Prom. Hold. %73.3965.63
Sales 3Yrs CAGR %20.6328.59
Sales 5Yrs CAGR %020.55
Profit 3Yrs CAGR %58.3653.57
Profit 5Yrs CAGR %034.19

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