Kewal Kiran sees hike in sales

Kewal Kiran Clothing has reported a sales turnover of Rs 45.41 crores and a net profit of Rs 8.85 crores

for the quarter ended June 2010. In comparison, for the quarter ended June 2009, the sales turnover was Rs 33.28 crores and net profits was Rs 6.28 crores. The clothing company grew 35 per cent higher compared to last year and bottomlines have increased tremendously in this quarter. The company’s revenue is coming through multiple brand outlets, its retail chain K-Lounge, exports and department stores.

This year the company plans to add 50 new stores. Their retail business is generating 32 per cent of the total net revenues. In fact, the next quarter promises better results as in the fashion industry, the main seasons are Diwali and Eid, which are in the second and third quarter. Kewal Kiran Clothing is an India-based company engaged in manufacturing and marketing of apparels and lifestyle accessories. The company designs, manufactures and markets branded jeans and semi-formal and casual wear for men and women. It has well established brands like Killer, Lawman Pg3, Easies, K-Lounge and Integriti in its kitty.