Kewal Kiran news and archive

Kewal Kiran Clothing to open medium sized stores

Kewal Kiran Clothing will launch medium sized 2000 to 4000 sq. ft. stores for its menswear and the newly launched women’s wear brand Desi Belle. The aim is to be a one-shop destination for the fashion needs of both men and women. This necessitates medium size store formats for a better display and pleasant experience for shoppers as in smaller...

Retail

Kewal Kiran Clothing plans more medium sized stores across India

Kewal Kiran Clothing will open medium sized stores to showcase its menswear brands and the newly launched women’s wear brand Desi Belle. These stores will be 2000 to 4000 sq ft. The company is looking to emerge as a one-shop destination for the fashion needs of both men and women. This necessitates medium size store formats for a better display...

Retail

Kewal Kiran acquires women’s brand Desi Belle

Kewal Kiran Clothing has acquired women’s brand Desi Belle. This marks Kewal Kiran’s foray into the women’s wear segment. The apparel retailer will focus on Tier II and III cities and increase the number of distributors across India from 125 to 200. The company owns brands Killer Jeans, Lawman Pg3, K-Lounge, Integriti, Easies and Addiction. It...

Business

Kewal Kiran reports Q3 net profits at Rs 12.68 cr

Kewal Kiran’s net sales were Rs 118.19 crores during the period ended December 31, 2018, as compared to Rs 157 crores during the period ended September 30, 2018. Net profit in Q3 was Rs 12.68 crores for the period ended December 31, 2018, as against Rs 33.57 crores for the period ended September 30, 2018. EPS was Rs 10.30 for the period ended...

Business

Kewal Kiran year on year sales up two per cent

For the third quarter of financial year 2017 Kewal Kiran Clothing’s total sales saw a 36.58 per cent sequential decline and a 2.4 per cent year on year increase. Operating profit for the quarter was Rs 10.15 crores and the EBIT margin stood at 10.3 per cent. The company reported PAT of Rs 9.27 crores, which represents a sequential quarter on...

Apparel

Crisil assigns valuation grade of 1/5 to Kewal Kiran

Crisil Research, in its report on Kewal Kiran Clothing has increased its fair value estimate to Rs 1,004 from Rs 915 for the company, with the valuation grade of 1/5. Kewal Kiran Clothing's fourth quarter revenues and earnings were marginally above Crisil Research's estimates. Revenues grew 15.6 percent year-on-year to Rs 892 million driven by...

Apparel

Kewal Kiran Clothing Q3 PAT down to Rs 10.62 crore

Kewal Kiran Clothing has announced the financial results for the period ended December 31, 2013. Its net sales/income from operations was Rs 86.95 crores for the quarter ended December 31, 2013 against Rs 77.45 crores for the same quarter ended December 31, 2012. Net profit stood at Rs 10.62 crores for this quarter compared to Rs 12 crores for...

Apparel

Kewal Kiran’s Q2 net profit increases Rs 23.53 crores

Kewal Kiran Clothing has reported Rs 116.55 crores net sales/income from operations for the quarter ended September 30, 2013 as against Rs 91.64 crores for the same quarter in 2012. The net profit was at Rs 23.53 crores for the quarter ended September 30, 2013 as against Rs 17.65 crores for the same quarter last year. The company reported...

Fashion

Fiscal 2013: Positive sales growth but net profits suffer

With the Indian rupee sinking to an all time low against the dollar and other currencies, it does not augur well for the economy. Indeed, the fashion and apparel industry which is still coming to terms with two consecutive years of low growth. However, the positive Q1 results of this fiscal, has spread some positivity in the air. Now brands and...

Apparel

Crisel upgrades Kewal Kiran's value to Rs 690

Crisel Research has come out with its report on Kewal Kiran Clothing. The research firm has raised its earnings estimates to factor in the removal of excise duty on branded garments and increased fair value estimate from Rs 628 to Rs 690. Kewal Kiran Clothing's (Kewal Kiran's) Q4 FY'13 revenues were in line while earnings beat Crisel Research's...

Apparel

All brands of Kewal Kiran on growth track: Crisil Report

A Crisil Research report on Kewal Kiran Clothing shows the company has sold 8.8 lakh garments in Q3 of FY13 compared to 7.7 lakh in the same quarter last year and 11.1 lakh in Q2 of FY13. Kewal Kiran’s revenues in the third quarter of FY13 were lower while earnings were in line with Crisil Research’s expectations. Revenues increased by 20 per...

Apparel

Kewal Kiran YoY growth slips by 18%

Kewal Kiran Clothing (KKCL) has registered a drop in its performance in the first quarter of the current financial year. Revenue for Q1 in 2012, was reported to be Rs 56.86 crores, as compared to Rs 69.33 crores for the same period in the last financial year, with a a fall of 18 per cent. EBITDA margins declined sharply from 26 per cent in the...