KEWAL KIRAN CLOTHING LTD

Designs, manufactures and retails branded denim and casual apparel under multiple owned labels — Killer, Lawman, Integriti, K-Lounge, Junior Killer and Kraus — through Exclusive Brand Outlets (EBOs) and non-retail channels. As of March 31, 2026, the network had 666 EBOs (including 457 Killer stores) following a net 57 additions in FY26, with the mix roughly 15% company-operated and 85% franchisee-operated, and a target of 50-70 net store additions per year. Kraus, a 50%-owned women's casualwear subsidiary, grew above 20% in FY26. In FY26 the retail channel grew 24% and non-retail 17%, apparel volumes grew 16% YoY, EBITDA margin stood at 19.6%, gross margin was 42.2%, and same-store sales growth across EBOs was 9.4%. Costs are dominated by materials at 46.8% of revenue, followed by employee costs at 14.1% and other opex at 18.2%, with annual capex guided at ₹30-35 crore. The Vision 2028 target is ₹1,500 crore in revenue and 900 EBOs.