Kewal Kiran Clothing Ltd. share price target

a decline of 3.3% in its reported revenue to Rs. 120 crore. This was mainly due to a decline in realisation by ~2% y-o-y, though sales volume increased by ~2%. Gross margin for the quarter increased by 132 BPS y-o-y to 55.9% as cotton prices declined during Q4FY2018. However, due to higher employee expenses (up by ~22% y-o-y) and selling and administrative expenses...

Kewal Kiran Clothing Ltd is engaged in manufacturing and marketing of wearing apparels. The company's segments include Apparel & Life style Accessories/Products, and Other/Reconciling Item. The company is also engaged in generating power from wind turbine generator. It offers a range of western wear for men and women under its four brands: Killer, Easies, LawmanPg3 and Integriti....

ICICI Securities Ltd | Retail Equity Research Kewal Kiran Clothing's (KKCL) Q3FY18 performance was below our expectations on all parameters with revenue, EBITDA margin and net profit lower than our expectations Q3FY18 revenues remained flattish at | 94.4 crore against our estimate of | 108.9 crore. Volume growth remained flattish with 1%...

ICICI Securities Ltd | Retail Equity Research Kewal Kiran Clothing (KKCL) reported a strong set of numbers wherein revenue and profitability were above our estimates Revenues rose 12.4% YoY to | 167.5 crore against our estimate of | 162.9 crore. Higher sales were mainly driven by volume growth of...

ICICI Securities Ltd | Retail Equity Research Revenues for the quarter were mainly impacted by de-stocking of inventory at the dealer's level prior to GST. Revenues de-grew 24.9% YoY to | 78.4 crore vs. our estimate of | 110.7 crore. Volume degrew 25.9% YoY to 7.6 lakh pieces while average realisations remained flattish YoY to | 1038 per piece. Apparel sales value declined 27.4% YoY to | 73.5 crore while apparel realisation per unit was down 2% YoY to | 974 per unit EBITDA margins declined 940 bps YoY to 9.3% mainly on account of...

ICICI Securities Ltd | Retail Equity Research Kewal Kiran Clothing's (KKCL) Q4FY17 revenues were marginally below our estimates. However, EBITDA and EBITDA margin were above our estimates. Higher other income on account of profit on redemption of fixed maturity plan bloated the overall net profit KKCL reported subdued revenue growth of 2.9% YoY to | 130.3 crore vs. I-direct estimate of | 136.5 crore. Total sales volume declined 4.7% YoY to 12.3 lakh pieces while blended realisations...

ICICI Securities Ltd | Retail Equity Research Kewal Kiran Clothing (KKCL) reported a subdued set of Q3FY17 numbers wherein revenues were in line with our estimates. Revenues for the quarter were impacted by demonetisation as it...

ICICI Securities Ltd | Retail Equity Research Kewal Kiran Clothing's (KKCL) Q2FY17 revenues were in line with our estimates. Revenues increased by 9% YoY to | 155.32 crore V/s our expectation of | 156.4 crore. Volume growth was flattish with sales volume of 14.79 lakh garments v/s 14.89 lakh garments in Q2FY16. However increase in average realisation by 8.5% to | 1008 enabled the KKCL to report a growth in revenues EBITDA declined by 2% YoY to | 36.9 crore. EBITDA margin declined...

ICICI Securities Ltd | Retail Equity Research Kewal Kiran Clothing's (KKCL) Q1FY17 revenues, EBITDA and PAT were above our estimates. Revenues registered strong growth of 17% YoY to | 107 crore against our estimate of | 99 crore. Sales were mainly driven by apparel volume growth of 5% to 10.19 lakh pieces while realisation per garment was up 8.8% YoY at | 994 Operating margins improved 140 bps YoY to 17.9% (I-direct estimate: 16.6%). Despite manufacturing expense to sales ratio rising...

Revenues increased 21% YoY to | 126.5 crore against our estimate of | 119 crore. Sales were mainly driven by apparel volume growth of 17% while realisation per garment was up 3.8% YoY at | 931....