NSE: KKCL | BSE: 532732

Mid-range Performer

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515.20 -1.15 (-0.22%)

20,783 NSE+BSE Volume

NSE 22 Aug, 2025 3:31 PM (IST)

3,174.9

Market Cap

High in industry

1.0

Beta 1Year

Average volatility

Kewal Kiran Clothing Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for KKCL, BSE:532732 Kewal Kiran Clothing Ltd.

Kewal Kiran Clothing Ltd.

23 Jan 2023, 12:00AM

515.20

-0.22%

Healthy retail expansion; Killer continues to dominate

Buy: Kewal Kiran Clothing Ltd.

Target

ICICI Securities Limited

We like the continued outperformance in Kewal Kiran Clothing’s (KKC) Killer franchise and the visibly higher aggression towards retail expansion in this format. Even though meaningful improvement (18% YoY vs 9% YoY in Q2FY23) in realisation is encouraging (benefits of price hikes and mix improvement), underperformance in volumes (-2% YoY vs 18% in Q2FY23) is a matter of concern.

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

Kewal Kiran Clothing Ltd.

10 Dec 2022

515.20

-0.22%

KEWAL KIRAN CLOTHING LTD

Buy: Kewal Kiran Clothing Ltd.

Hem Securities

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

Kewal Kiran Clothing Ltd.

25 Oct 2022

515.20

-0.22%

Kewal Kiran Clothings

Buy: Kewal Kiran Clothing Ltd.

Target

ICICI Direct

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

Kewal Kiran Clothing Ltd.

25 Oct 2022

515.20

-0.22%

Sustained recovery with buoyant demand outlook

Buy: Kewal Kiran Clothing Ltd.

ICICI Securities Limited

Kewal Kiran Clothing’s (KEKC) Q2FY23 revenues increased 29% YoY to Rs2.3bn, implying a 3-year revenue CAGR of 11%.

Kewal Kiran Clothing Ltd. is trading below its 30 day SMA of 542.0

Kewal Kiran Clothing Ltd.

26 Jul 2022

515.20

-0.22%

Kewal Kiran Clothings

Buy: Kewal Kiran Clothing Ltd.

ICICI Direct

Kewal Kiran Clothing Ltd. is trading above its 150 day SMA of 500.9

Kewal Kiran Clothing Ltd.

16 Dec 2021

515.20

-0.22%

Kewal Kiran Clothings

Buy: Kewal Kiran Clothing Ltd.

ICICI Securities Limited

Hence, KKCL's share price has dropped to | 275/ share from | 1375/share indices over the last five years, mainly on account of subdued revenue growth. However, we believe the company is well placed to benefit from a demand revival owing to strong brand portfolio and pan-India store and distribution network. It aspires to achieve double digit topline growth through accelerated store addition and...

Kewal Kiran Clothing Ltd. is trading below its 30 day SMA of 542.0

Kewal Kiran Clothing Ltd.

03 Nov 2021

515.20

-0.22%

Kewal Kiran Clothings

Buy: Kewal Kiran Clothing Ltd.

Recommendation Target

ICICI Securities Limited

Gross margin contracted 680 bps YoY to 41% but positive operating leverage led KKCL to report an EBITDA margin of 18.4% (up 170 bps YoY) EBITDA grew 2.9x YoY on a favourable base to | 32.3 crore. Consequently, PAT also grew 2.9x YoY to | 27 crore What should investors do? KKCL's stock price has appreciated by 60% in the last one year (three year CAGR of -7%). It has one of the best margin profiles among branded apparel players with a healthy b/s. We believe KKCL is well placed to benefit...

Kewal Kiran Clothing Ltd. is trading above its 150 day SMA of 500.9

Kewal Kiran Clothing Ltd.

25 Jan 2021

515.20

-0.22%

Kewal Kiran Clothings

Hold: Kewal Kiran Clothing Ltd.

Target

ICICI Securities Limited

For Q3FY21, volumes were at 13.15 lakh units vs. 13.45 lakh units in Q3FY20. Higher discounting, unfavourable channel mix (e-commerce) led to average realisations declining 5% YoY to | 816/piece. Jeans continues to be an integral category with revenue contributing 45% of overall sales. Over the years KKCL has gradually diversified its product portfolio from jeans towards other categories (share of jeans down from ~70% in Q1FY17). During the quarter, casual shirts segment outperformed other categories, with positive sales growth and share in overall sales increasing 200 bps YoY...

Kewal Kiran Clothing Ltd. is trading above its 150 day SMA of 500.9

Kewal Kiran Clothing Ltd.

30 Jul 2020

515.20

-0.22%

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 its 30 day SMA of 542.0

Kewal Kiran Clothing Ltd.

29 May 2020

515.20

-0.22%

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 its 30 day SMA of 542.0

Is Kewal Kiran Clothing Ltd. worth buying?

159 Votes:

Buy 74.84%

Sell 14.47%

Hold 10.69%

RESEARCH REPORTS

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