Kewal Kiran Clothing Ltd. News and Updates

Name: Latest research reports of Kewal Kiran Clothing Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Kewal Kiran Clothing Ltd.
Rating: 5
Author: ICICI Securities Limited

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Kewal Kiran Clothing Ltd.

28 May 2020

437.85

-0.70%

Kewal Kiran Standalone March 2020 Net Sales at Rs 126.64 crore, down 4.86% Y-o-Y

Moneycontrol

NULL

Kewal Kiran Clothing Ltd. is trading below all available SMAs

Kewal Kiran Clothing Ltd.

03 Apr 2020

437.85

-0.70%

Ten stock picks under 10x P/E

Buy: Kewal Kiran Clothing Ltd.

ICICI Securities Limited

Kewal Kiran Clothing.. has an average target of 690.00 from 1 broker.

Kewal Kiran Clothing Ltd.

30 Jan 2020

437.85

-0.70%

Kewal Kiran Standalone December 2019 Net Sales at Rs 126.19 crore, up 13.57% Y-o-Y

Moneycontrol

NULL

Kewal Kiran Clothing.. has an average target of 690.00 from 1 broker.

Kewal Kiran Clothing Ltd.

29 Jan 2020

437.85

-0.70%

Kewal Kiran Clothings

Buy: Kewal Kiran Clothing Ltd.

Target

ICICI Securities Limited

KKCL reported healthy revenue growth of 13.6% YoY to | 126.2 crore despite a challenging market scenario in Q3FY20. The growth was mainly supported by volumes (up 16% YoY to 13.45 lakh pieces). Rejig in product mix (higher sales of tops compared to jeans) and spike in sales from nontraditional channel translated into a decline in realisations by 2.4% YoY to | 1008/piece. Growth was visible across all channels with multi brand outlets (MBOs) (39% of sales) and exclusive stores (15.8%) reporting growth of 10.3% and 25.4%, respectively. In recent times, KKCL has enhanced its focus on higher revenue growth. However, the same has weighed on its...

Kewal Kiran Clothing.. has an average target of 690.00 from 1 broker.

Kewal Kiran Clothing Ltd.

24 Oct 2019

437.85

-0.70%

Kewal Kiran Clothing net down 11%

Business Line

Company to pay Rs 10 dividend

Kewal Kiran Clothing Ltd. has lost -40.31% in the last 1 Year

Kewal Kiran Clothing Ltd.

23 Oct 2019

437.85

-0.70%

Kewal Kiran

Hold: Kewal Kiran Clothing Ltd.

Target

Sharekhan

Revenue grew by 9.5% y-o-y, as volumes and realisations each rose ~4% and the core brand Killer clocked strong sales growth. However, gross margins plunged by 473 bps owing to a rise in cost of goods sold, higher discounts and trade margins. The management expects gross margins to stabilise in the coming quarters. Consumer demand is yet to recover, while primary sales (from company to trade-channels/retail partners) are affected by liquidity crisis. Hence, KKCL is expected to end FY2020 with high single-digit revenue growth. The company is organising trade fairs,...

Kewal Kiran Clothing Ltd. has lost -32.82% in the last 6 Months

Kewal Kiran Clothing Ltd.

07 May 2019

437.85

-0.70%

Kewal Kiran

Hold: Kewal Kiran Clothing Ltd.

Target

Sharekhan

grew by 11% y-o-y to Rs. 133.1 crore from Rs. 120 crore in Q4FY2019 (in-line with our estimates) led by a growth of 10.5% in the quantity of apparel sales. On the other hand, realization was flat at Rs. 910 per unit. The apparel sales quantity was at 13.8 lakh units as against 12.5 lakh units in Q4FY2018. Gross margins improved by 593 BPS because of a considerable reduction...

Kewal Kiran Clothing Ltd. has lost -32.82% in the last 6 Months

Kewal Kiran Clothing Ltd.

06 May 2019

437.85

-0.70%

Kewal Kiran Clothings

Buy: Kewal Kiran Clothing Ltd.

Recommendation Target

ICICI Securities Limited

KKCL reported steady revenue growth of 10.9% YoY to YoY to | 133.1 crore. The topline growth was mainly derived through volume growth of 10.5% YoY to 13.8 lakh pieces. EBITDA margins declined by 120 bps YoY to 20.7% Higher cash discounts and rebates to dealers led to significant spike in selling & distribution expense (up 140% YoY to | 14.8 crore). However, enhanced bargaining power with fabric vendors (owing to higher volume commitments by NCS) resulted in lower input price. This translated into...

Kewal Kiran Clothing Ltd. has lost -40.31% in the last 1 Year

Kewal Kiran Clothing Ltd.

29 Mar 2019

437.85

-0.70%

Kewal Kiran eyes non-metros with affordable apparel line-up

Business Line

Kewal Kiran Clothing, a leading apparel retailer, plans to focus on tier-II and tier-III cities with the launch of new brands in the affordable categ

Kewal Kiran Clothing Ltd. is trading below all available SMAs

Kewal Kiran eyes non-metros with affordable apparel line-up

Business Line | 29 Mar 2019

Kewal Kiran Clothing Ltd.

26 Mar 2019

437.85

-0.70%

Kewal Kiran Clothings

Hold: Kewal Kiran Clothing Ltd.

Target

ICICI Securities Limited

We met the management of Kewal Kiran Clothing to gain an insight into the company's business outlook. Kewal Kiran is one of India's leading branded apparel companies with popular home-grown brands like Killer, Integriti', Lawman' and Easies'. Though KKCL has a strong brand portfolio, revenue growth has remained sluggish over FY17-9MFY19 owing to the onslaught of discounting by e-commerce players. KKCL has shied away from discounting its brands, leading to slower revenue growth. However, the management is looking to revive revenue growth by introducing lower priced products as...