Kewal Kiran Clothing news and archive

KKCL earnings below CRISIL estimates but stocks buoyant

Kewal Kiran Clothing's (Kewal Kiran's) second quarter revenues in FY15 were in line but earnings were below CRISIL Research's estimates. Driven by a 5.2 percent year-on-year growth in apparel volumes, revenues grew 11.4 percent to Rs 1,298 million. Owing to an increase in raw material cost as a percentage of sales, EBITDA margin contracted for...

Fashion

Killer focuses on increasing market share

Killer, the leading denim and casual wear brand from Kewal Kiran Clothing (KKCL,) has been increasing its market share over the years. The brand now has almost 20 percent share of the total organized denim market in India. Founded in 1989, Killer is a pioneer in denim. It has developed an internationallyenviable archive of products and added...

Apparel

Kewal Kiran targets 22-25 percent growth this fiscal

Kewal Kiran Clothing is aiming for 22-25 percent growth this year, with signs of economic recovery boosting the overall retail segment. The company is aiming to achieve Rs 1,000 crores topline in three to five years with an investment of around Rs 350-400 crores. Last year, the Kewal Kiran’s margins improved by around 100 basis points and it...

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...

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’s Q3 profits up 37.14 percent

Announcing the financial results for the third quarter ended December 31, 2012, Kewal Kiran Clothing reported net profit/(loss) of Rs 120 million as compared to Rs 87.5 million for the quarter ended December 31, 2011, representing an increase of 37.14 percent. Total income was at Rs 774.5 million for the quarter ended December 31, 2012 whereas...

Fashion

Year 2013: Optimism, buoyancy rule business sentiment

The Indian apparel industry, which witnessed sluggish growth in the first half of the fiscal year, is on a revival mode. Leading apparel brands and retailers have witnessed a rise in sales since September and the growth momentum is continuing.As J Suresh, MD & CEO, Arvind Brands points out, “The year 2012 was a difficult one, particularly till...

Apparel

Killer Jeans installs Tukatech systems

Kewal Kiran Clothing (KKCL) that houses popular denim brands Killer, Lawman and Integrity has finalized a deal to utilize Tukatech’s award winning garment development software. Tukatech’s advanced systems will help KKCL develop new products and streamline their production process. In 1989, KKCL developed the Killer line of denim which quickly...

Fashion

Killer to launch colored jeans, open 100 EBOs by 2013

Killer the top brand from Kewal Kiran Clothing has been witnessing a CAGR of 30 to 35 per cent. It hopes to maintain this growth rate in the forthcoming years and is expecting a turnover of Rs 170 crores this fiscal. The company has aggressively spread its retail network and added a women’s product category to expand its reach. The challenge...