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Earnings Call

Kewal Kiran Clothing Earnings Call: Key Takeaways

KKCL reports strong performance for FY26, with revenue up 20.9% to ₹1,212.8 Cr and EBITDA margins expanding to 19.6%. Strategy remains focused on multi-brand lifestyle expansion.

Why this was an Alfa AlertRevenue grew >20%, significantly ahead of the ~15% CAGR guidance; EBITDA margin of 19.6% beat the 17-18% guided range by 160bps.
Highlights
Revenue growth20.9% YoY growth in FY26.
MarginsEBITDA margin expansion to 19.6% due to operating leverage.
Demand visibilityStrong traction in Kids and D2C pivots.
Management confidenceHigh, stating they are outpacing Vision 2028 trajectory.

Growth

FY26 Revenue grew 20.9% to ₹1,212.8 Cr; EBITDA grew 24.8% to ₹237.9 Cr; PAT marginally up 2.1% to ₹152.3 Cr.

Outlook

Vision 2028 targets ₹1,500 Cr revenue, 900 EBOs, and 17-18% margins. Selective entry into Ethnic wear/Footwear underway.

Risks

RM volatility mentioned; PAT impacted by lower other income vs FY25 (one-time gains).

Last quarter's promises, checked

Delivered

  • Guided 17-18% EBITDA margin → delivered 19.6% (= BEAT)
  • Vision 2028 trajectory 15% CAGR → delivered 20.9% FY26 growth (= BEAT)
  • Guided ~50 store additions → delivered 57 net EBOs (= BEAT)

Partly delivered

  • Guided North expansion focus → delivered lower than expected benefit (= PARTIAL)
Source

Earnings Call filed with NSE, NSE: KKCL. Summary written with AI assistance from the document.

Read the document ↗

Kewal Kiran Clothing Ltd: key numbers

Share price
₹467.85
Market cap
₹2,883 Cr
Revenue (annual)
₹1,213 Cr
Net profit (annual)
₹141.9 Cr
P/E (TTM)
19.5×Sector 55.7×
Promoter holding
74.29%+0.00% QoQ
FII holding
2.37%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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