Kewal Kiran Clothing News and Updates

Name: Latest research reports of Kewal Kiran Clothing Ltd. authored by Sharekhan and published by - Trendlyne research reports.
Item: Kewal Kiran Clothing Ltd.
Rating: 3
Author: Sharekhan

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Kewal Kiran Clothing Ltd.

07 May 2019

507.30

1.61%

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. is trading above its 200 day SMA of 506.8

Kewal Kiran Clothing Ltd.

06 May 2019

507.30

1.61%

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. is trading below its 30 day SMA of 514.6

Kewal Kiran Clothing Ltd.

29 Mar 2019

507.30

1.61%

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 its 30 day SMA of 514.6

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

Business Line | 29 Mar 2019

Kewal Kiran Clothing Ltd.

26 Mar 2019

507.30

1.61%

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...

Kewal Kiran Clothing Ltd. is trading below its 30 day SMA of 514.6

Kewal Kiran Clothing Ltd.

04 Mar 2019

507.30

1.61%

Kewal Kiran's retail expansion

Business Line

Kewal Kiran Clothing, which owns leading brands such as Killer, Easies, LawmanPg3, Integriti and Desi-Belle, plans to expand its retail footprint to 3

Kewal Kiran Clothing Ltd. is trading below its 30 day SMA of 514.6

Kewal Kiran Clothing Ltd.

25 Jan 2019

507.30

1.61%

Kewal Kiran Clothings

Hold: Kewal Kiran Clothing Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research KKCL reported healthy revenue growth 17.7% YoY to | 111.1 crore (I-direct estimate: | 107.0 crore). The topline was mainly driven by volume growth of 21.8% YoY to 11.6 lakh pieces. The strong volume offtake was largely attributed to higher discounts provided in the...

Kewal Kiran Clothing Ltd. is trading below its 30 day SMA of 514.6

Kewal Kiran Clothing Ltd.

20 Jan 2019

507.30

1.61%

Nitin Gadkari to inaugurate first inter-state bridge in Jammu and Kashmir on Jan 22

Economic Times

Advisor to Governor Kewal Kumar Sharma visited the bridge site on Saturday and inspected the arrangements being made for the inaugural event, the officials said.

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

Kewal Kiran Clothing Ltd.

29 Oct 2018

507.30

1.61%

Kewal Kiran Clothings

Hold: Kewal Kiran Clothing Ltd.

Target

ICICI Securities Limited

KKCL reported topline de-growth of 9.1% YoY to | 152.3 crore (Idirect estimate: | 160.3 crore) with volumes declining 8.6% to 15.2 lakh pieces and flattish realisation growth at | 1000/ piece. KKCL has always refrained from giving heavy discounts. This, in turn, has impacted its volume offtake. Furthermore, sustained competition from e-commerce players (aggressive discounting) has severely impacted the revenue growth of the company Gross margins for the quarter (including manufacturing expense) improved 540 bps YoY to 54.1%. The significant margin expansion...

Kewal Kiran Clothing Ltd. is trading above its 200 day SMA of 506.8

Kewal Kiran Clothing Ltd.

24 Jul 2018

507.30

1.61%

Kewal Kiran Clothings

Hold: Kewal Kiran Clothing Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research KKCL reported topline growth of 35% YoY to | 106 crore, albeit on a low base (revenues in Q1FY18 had declined 25% YoY). Higher sales were mainly driven by volume growth of 35% to 10.2 lakh pieces while realisation per garment remained flattish at | 1035 Gross margins for the quarter (including manufacturing expense) improved 410 bps YoY to 51%. Given the fixed cost nature of the business, strong volume growth for the quarter resulted in positive...

Kewal Kiran Clothing Ltd. is trading below its 30 day SMA of 514.6

Kewal Kiran Clothing Ltd.

26 Apr 2018

507.30

1.61%

Kewal Kiran Clothings

Buy: Kewal Kiran Clothing Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Revenues for the quarter declined marginally by 1.1% YoY to | 120.0 crore against our estimate of | 134.7 crore. The decline was mainly owing to a 3.1% drop in blended realisations to | 960/piece. Volumes for the quarter grew marginally by 2% YoY to 12.5 lakh pieces Tepid volume growth resulted in negative operating leverage, as employee, manufacturing and selling expenses as a percentage to sales increased 250 bps, 190 bps and 100 bps YoY, respectively....

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

Is Kewal Kiran Clothing Ltd. worth buying?

160 Votes:

Buy 75.0%

Sell 14.37%

Hold 10.62%

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