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Kewal Kiran Clothing Limited Financial Results – Q3FY20

Published: February 8, 2020

Net revenues grew by 13.2% to Rs 126.19 crore

EBITDA was at Rs 13.35 crore and PAT was at Rs 11.55 crore

Volumes grew by 16% across all brands

Kewal Kiran Clothing Ltd., owners of Killer Jeans and a leading branded apparel conglomerate, has declared its financial results for the quarter ended December 31, 2019.

Key Financials (Rs. in crore) – Consolidated

The Board of Directors had declared interim dividend of Rs 15 per equity share during the quarter amounting to total dividend of Rs 22.28 crore.

Operational Highlights – Q3FY20

· Revenue from “Killer” and “Easies by Killer” together increased by 20.1% on year on year basis to Rs 77.18 crore. The two brands contributed 61.2% to the total net revenues

· Revenue from other brands, Integriti and LawmanPg3 stood at Rs 19.76 crore and Rs 18.16 crore respectively. Revenues from LawmanPg3 grew by 20.7%

· Jeans segment accounted for 50% to the total net revenues

· MBOs (Multi-Brand Outlets) continued to have largest share of 39% in total revenues. Revenues from MBOs stood at Rs 49.21 crore; an increase of 10.3%

· Revenues from K-Lounge retail stores stood at Rs 19.99 crore; increased by 25.4%

· National Chain Stores (NCS) and E-Commerce have registered revenues of Rs 35.84 crore and Rs 11.19 Crore

Commenting on the Results, Mr. Kewalchand Jain, Chairman & Managing Director, said, “We are delighted to achieve a growth of 13.2% during the quarter which was primarily driven by volume growth across our brands by 16%, which is very positive sign in the current times. We have seen good demand for our exclusive range of collection during the festive season. We are confident of maintaining better volumes in the coming quarters which will drive our revenues.”

He further added, “Domestic consumption scenario is expected to improve further with liquidity situation easing out. We are also witnessing good response for our newly launched women’s western wear brand ‘Desi Belle’.”

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