Kewal Kiran Clothing Limited has informed the Exchange about Transcript
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Kewal Kiran Clothing reported a strong start to FY26 with consolidated revenue of INR 235 crore, up 54.5% year-on-year, while standalone revenue grew ~20% to INR 181 crore. Apparel volume grew 46.4% YoY and average realisation improved 14.4% on better product mix and lower discounting. EBITDA came in at INR 42 crore (+50.6% YoY) with margin of 17.8%, at the upper end of the guided 17–18% range. The company added 14 net EBOs to reach 623 stores, targeting 100+ new stores in FY26. Same-store sales growth was over 25%. Management reaffirmed FY26 consolidated revenue guidance of 18–20%, gross margin band of 42–45%, and EBITDA margin of 17–18%. Kraus (consolidated for full quarter) contributed ~INR 52 crore, up ~20% like-to-like, with plans to scale further. Other income of INR 13.9 crore was driven by mutual fund gains; annualised run-rate guided at INR 30–35 crore.
Positive read on execution and growth momentum, especially volume-led growth across brands. However, gross margin dipped to ~42% from 45% on channel and category mix, and standalone PBT (excluding other income) grew only ~6% due to higher depreciation and finance costs from COCO store expansion — watch for margin sustainability as Kraus scales.