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: 3
Author: ICICI Securities Limited

Keep track of all breaking news on Kewal Kiran Clothing Ltd. from all sources in a single place.

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Kewal Kiran Clothing Ltd.

30 Jul 2020

505.20

1.39%

Kewal Kiran Clothings

Hold: Kewal Kiran Clothing Ltd.

Recommendation Target

ICICI Securities Limited

With minimal social gatherings and people preferring to work from home, discretionary spending on categories such as jeans and shirts were significantly hit during the quarter. While the company has over the years gradually diversified its product portfolio from jeans towards other categories (share of jeans down from ~70% in Q1FY17 to 60% currently), still majority of revenues are derived from the jeans category. We expect the near term pain to sustain and the recovery to be elongated given the challenging scenario. We note that in the previous quarter (Q4FY20),...

Kewal Kiran Clothing Ltd. is trading below all available SMAs

Kewal Kiran Clothing Ltd.

29 Jul 2020

505.20

1.39%

Kewal Kiran Consolidated June 2020 Net Sales at Rs 7.01 crore, down 93.64% Y-o-Y

Moneycontrol

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Kewal Kiran Clothing Ltd. is trading below all available SMAs

Kewal Kiran Clothing Ltd.

29 May 2020

505.20

1.39%

Buy Kewal Kiran Clothing; target of Rs 820: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Kewal Kiran Clothing has recommended buy rating on the stock with a target price of Rs 820 in its research report dated May 29, 2020.

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

Kewal Kiran Clothing Ltd.

29 May 2020

505.20

1.39%

Kewal Kiran Clothings

Buy: Kewal Kiran Clothing Ltd.

Target

ICICI Securities Limited

For FY20, revenue growth was at 5% YoY to | 530.0 crore. The revenue growth for 9MFY20 was ~ 9% while revenue decline in Q4FY20 impacted the FY20 performance. Revenue growth was mainly driven by 5% volume growth to 53.2 lakh pieces with average realisation remaining flat at | 995 per piece. Prior to the Covid-19 impact in Q4FY20, the management had highlighted that the underlying market was weak, primarily on account of de-stocking at the distributor level owing to liquidity concerns. The advent of Covid-19 further exacerbated market condition due to store closures...

Kewal Kiran Clothing Ltd. is trading below all available SMAs

Kewal Kiran Clothing Ltd.

28 May 2020

505.20

1.39%

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

Moneycontrol

NULL

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

Kewal Kiran Clothing Ltd.

03 Apr 2020

505.20

1.39%

Ten stock picks under 10x P/E

Buy: Kewal Kiran Clothing Ltd.

ICICI Securities Limited

Kewal Kiran Clothing Ltd. is trading below all available SMAs

Kewal Kiran Clothing Ltd.

30 Jan 2020

505.20

1.39%

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

505.20

1.39%

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 Ltd. is trading below all available SMAs

Kewal Kiran Clothing Ltd.

24 Oct 2019, 04:28PM

505.20

1.39%

Kewal Kiran Clothing net down 11%

Business Line

Company to pay Rs 10 dividend

Kewal Kiran Clothing Ltd. is trading below all available SMAs

Kewal Kiran Clothing Ltd.

23 Oct 2019

505.20

1.39%

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,...