Conference Call with Kewal Kiran Clothing Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Textiles & Apparels company Kewal Kiran Clothing announced Q2FY24 results:<br><br>1. Financial Performance:<br>- Revenue from Operations for Q2 FY24 grew by 16.0% to Rs 262.5 crores as compared to Rs 226.3 crores in Q2 FY23.<br>-Gross Profit grew to Rs 111.9 crores in Q2 FY24 as compared to Rs 93.7 crores in Q2 FY23. Gross margin for Q2FY24 increased to 42.7% as compared to 41.4% in Q2 FY23.<br>-EBIDTA for Q2 FY24 grew by 23.4% to Rs 61.7 crores as compared to Rs 50.0 crores in Q2FY23. EBIDTA margin for Q2FY24 stood at 23.5% as compared to 22.1% in Q2FY23.<br>-PBT for Q2FY24 grew by 26.8% to Rs 66.2 crores as compared to Rs 52.3 crores in Q2 FY23. PBT margin for Q2FY24 stood at 24.5% as compared to 22.5% in Q2FY23.<br>-PAT for Q2FY24 grew by 27.2% to Rs 49.8 crores as compared to Rs 39.1 crores in Q2FY23. PAT margin for Q2FY24 expanded to 18.4% as compared to 16.8% in Q2FY23.<br><br>2. Brand Portfolio:<br>- Killer: Premium luxury brand<br>- Lawman Pg3: Premium mid-market segment brand<br>- Easies: Targeted premium mass market brand<br>- Integriti: Fashion/party wear brand focused on mid-market segment<br>- K-Lounge: Focused women's wear brand<br>- Desi Belle: Focused kids wear brand<br><br>3. Distribution:<br>- Extensive distribution network including EBOs, MBOs, LFS, and e-commerce platforms<br>- Increased support to channel partners with promotions and shop-in-shop arrangements<br>- Plan for bi-annual trade shows for better supply chain planning<br><br>4. Manufacturing Capabilities:<br>- In-house manufacturing capabilities with advanced machinery<br>- Environmentally friendly practices, including the use of sustainable chemicals and water-saving measures<br>- State-of-the-art washing facility for denim production<br><br><br><br><br><br>Result PDF