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: 1. Financial Performance: - 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. -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. -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. -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. -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. 2. Brand Portfolio: - Killer: Premium luxury brand - Lawman Pg3: Premium mid-market segment brand - Easies: Targeted premium mass market brand - Integriti: Fashion/party wear brand focused on mid-market segment - K-Lounge: Focused women's wear brand - Desi Belle: Focused kids wear brand 3. Distribution: - Extensive distribution network including EBOs, MBOs, LFS, and e-commerce platforms - Increased support to channel partners with promotions and shop-in-shop arrangements - Plan for bi-annual trade shows for better supply chain planning 4. Manufacturing Capabilities: - In-house manufacturing capabilities with advanced machinery - Environmentally friendly practices, including the use of sustainable chemicals and water-saving measures - State-of-the-art washing facility for denim production Result PDF