Other Apparel & Accessories company Kewal Kiran Clothing announced Q1FY24 results: Revenue from Operations for Q1FY24 grew by 15.4% to Rs 178.4 crore as compared to Rs 154.5 crore in Q1FY23. EBIDTA for Q1FY24 grew by 16.4% to Rs 34.1 crore as compared to Rs 29.3 crore in Q1FY23. EBIDTA margin for Q1FY24 stood at 19.1% as compared to 19.0% in Q1FY23. PBT for Q1FY24 grew by 58.0% to Rs 41.4 crore as compared to Rs 26.2 crore in Q1FY23. PBT margin for Q1FY24 stood at 21.9% as compared to 17.0% in Q1FY23. PAT for Q1FY24 grew by 56.8% to Rs 33.8 crore as compared to Rs 21.6 crore in Q1FY23. PAT margin for Q1FY24 stood at 17.9% as compared to 13.9% in Q1FY23. Commenting on the results and performance, Kewalchand P. Jain, Chairman & Managing Director said: “I am happy to inform you that Q1FY24, has reflected upon the positive trends of our ongoing growth initiatives. The Company emerged stronger in a challenging environment exhibiting robust resilience as we saw strong performance with volume and sales growth with consistent margins. Our recently concluded Brand Trade shows of Killer & Easies, Lawman & Integriti in July 2023 showcasing our “SS’24” style trends received an overwhelming response from our channel partners, reiterating the strength of the Company’s brands to connect with consumers in providing an unparalleled fashion experience. Our core brands have evolved, from being denim-focused brands to lifestyle brands. Further, we believe that there are indications of the start of a gradual improvement in consumption trends, following the sequential moderation witnessed in commodity and retail inflation, which bodes well for demand generation. Our comprehensive brand portfolio play in the Indian fashion industry and new initiatives have demonstrated signs of success with the inherent strength of our balance sheet. We are confident that we are on the right path to executing the growth strategy. Our robust distribution model is well supported by the drive for expansion of Product Categories backed by in-house manufacturing capabilities which has assisted us to emerge stronger and be more committed to pursuing sustainable and profitable growth while catering to the rising demand.” Result PDF
Apparels & Accessories company Kewal Kiran Clothing announced Q4FY23 & FY23 results: Standalone Q4FY23: Revenue from Operations for Q4FY23 grew by 17.6% to Rs 199.5 crore as compared to Rs 169.6 crore in Q4FY22 EBIDTA for Q4FY23 grew by 21.3% to Rs 39.0 crore as compared to Rs 32.2 crore in Q4FY22. EBIDTA margin for Q4FY23 stood at 19.6% as compared to 19.0% in Q4FY22 PBT for Q4FY23 grew by 29.2% to Rs 42.4 crore as compared to Rs 32.8 crore in Q4FY22. PBT margin for Q4FY23 stood at 20.5% as compared to 19.0% in FY22 PAT for Q4FY23 grew by 27.4% to Rs 31.6 crore as compared to Rs 24.8 crore in Q4FY22. PAT margin for Q4FY23 stood at 15.3% as compared to 14.3% in Q4FY22. Standalone FY23: Revenue from Operations for FY23 grew by 28.3% to Rs 779.5 crore as compared to Rs 607.6 crore in FY22 EBIDTA for FY23 grew by 51.9% to Rs 151.9 crore as compared to Rs 100.0 crore in FY22. EBIDTA margin for FY23 stood at 19.5% as compared to 16.5% in FY22 PBT for FY23 grew by 49.1% to Rs 157.1 crore as compared to Rs 105.3 crore in FY22. PBT margin for FY23 stood at 19.6% as compared to 16.9% in FY22. PAT for FY23 grew by 46.1% to Rs 119.3 crore as compared to Rs 81.7 crore in FY22. PAT margin for FY23 stood at 14.9% as compared to 13.1% in FY22 Commenting on the results and performance, Kewalchand P. Jain, Chairman & Managing Director said : “I am happy to inform you that during FY 2023, we have registered a robust growth both in terms of volumes and overall revenue backed with healthy margins. The consistent growth in our performance reflects the power of the Company’s brands to connect with consumers in providing an unparalleled fashion experience and have evolved from being Denim focused to Lifestyle Brands. Our intensified focus on balanced distribution strategy and increasing presence through Brand Focussed EBOs along with our drive for expansion of Product Categories and aggressive branding initiatives are the key contributors for this amazing performance. We have seen good traction in our recent Trade Show of Autumn & Winter Season 23-24 and are very excited with the type of response we are getting across product categories. We believe, with our product design and new categories which we have already launched as well as which are been under designing, we will be able to continue to grow. India is expected to continue to move along a strong growth trajectory in the apparel and retail sector, given the underlying growth drivers. Our Company caters to the continuously evolving demands of the youth of today through its plethora of apparel and accessories. KKCL, with its financial strengths, strong Brands coupled with inherent manufacturing expertise & technical capabilities, widespread distribution is committed to its long-term vision of pursuing sustainable and profitable double-digit sales growth.” Result PDF
Other apparels & accessories manufacturer Kewal Kiran Clothing announced Q3FY23 results: Standalone Q3FY23: Revenue from operations for Q3FY23 grew by 16% to Rs 199.1 crore, compared to Rs 171.4 crore in Q3FY22 EBIDTA for Q3FY23 grew by 22% to Rs 33.6 crore, compared to Rs 27.5 crore in Q3FY22. EBIDTA margin for Q3FY23 stood at 16.9%, compared to 16.1% in Q3FY22 PBT for Q3FY23 grew by 27% to Rs 36.2 crore, compared to Rs 28.6 crore in Q3FY22. PBT margin for Q3FY23 stood at 17.6%, compared to 16.3% in Q3FY22 PAT for Q3FY23 grew by 27% to Rs 27.0 crore as compared to Rs 21.3 crore in Q3FY22. PAT margin for Q3FY23 stood at 13.1%, compared to 12.2% in Q3FY22 Standalone 9MFY23: Revenue from operations for 9MFY23 grew by 32% to Rs 580.0 crore, compared to Rs 438.0 crore in the 9MFY22. EBIDTA for 9MFY23 grew by 66% to Rs 112.9 crore, compared to Rs 67.9 crore in the 9MFY22. EBIDTA margin for 9MFY23 stood at 19.5%, compared to 15.5% in 9MFY22. PBT for 9MFY23 grew by 58% to Rs 114.7 crore, compared to Rs 72.5 cr in 9MFY22. PBT margin for 9MFY23 stood at 19.3%, compared to 16.1% in 9MFY22. PAT for 9MFY23 grew by 54% to Rs 87.7 crore, compared to Rs 56.9 crore in 9MFY22. PAT margin for 9MFY23 stood at 14.8%, compared to 12.6% in 9MFY22. Commenting on the results and performance, Kewalchand P Jain, Chairman & Managing Director, said: “I am happy to inform you that we have registered robust revenue growth backed with healthy margins. Our intensified focus on a balanced distribution strategy and increasing our presence through brand-focussed EBOs along with our drive for expansion of product categories and aggressive branding initiatives are the key contributors to this amazing performance. Although, this year, the onset of winter has been late, we have seen good traction across all our channels as well as secondary sales. We are also organising our Trade Show in the month of February 2023 for the festive, autumn & winter season 23-24 for booking of our orders for the next season. I am also honoured to announce that in January 2023 KKCL's flagship brand 'KILLER' became the official partner of the Indian cricket team. It is a proud and historic moment for us and we are looking forward to this fabulous journey with the Men in Blue. We are looking at this partnership to enhance our brand visibility and aspirational value. We aim to reach out to the millions of cricket fans spread across the country and overseas. The company caters to the continuously evolving demands of the youth of today through its plethora of apparel and accessories. KKCL, with strong financial sustainability, is geared to exceed the demands and aspirations of modern, fashion-conscious consumers. With the added strength of our superior manufacturing practices, strong brands and robust pan-India distribution network, the Company is well positioned to meet the near-term challenges, emerge stronger and be more committed to its long-term vision of pursuing sustainable and profitable double-digit sales growth.” Result PDF