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

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...