KKCL

Kewal Kiran Clothing share price & financials

Price
₹493.5
Market cap
₹3.3k Cr
Sector
Textiles
Calls analysed
7
Latest concall · Q1 FY27 · call held 10 Aug 2026

Kewal Kiran Clothing Limited Q1 FY27

Consolidated Revenue ₹279 cr +19%EBITDA ₹52 cr +29%EBITDA Margin 19% Profit After Tax ₹41 cr +29%

What went well

  • Consolidated revenue for Q1 FY27 stood at Rs. 279 crores, registering a healthy 19% year-on-year growth.
  • Consolidated apparel volumes grew by an encouraging 24% on a year-on-year basis.
  • EBITDA grew 29% year-on-year to Rs. 52 crores, driven by disciplined execution and operating leverage.

What to watch

  • SSG growth for the Killer brand remained flat during the quarter.
  • Non-retail growth, primarily e-commerce, is still a smaller contributor compared to other channels.
Read the full call →

What Kewal Kiran Clothing Limited does

Kewal Kiran Clothing Limited is a Mumbai-headquartered branded apparel company that controls the full value chain in-house — design, manufacturing, branding and retail — rather than outsourcing production. It sells menswear, womenswear and kidswear (jeans, shirts, t-shirts, trousers and accessories) through a multi-brand portfolio, distributing via its own Exclusive Brand Outlets (EBOs), large-format store (LFS) shelf space, multi-brand outlets (MBOs), e-commerce platforms, factory outlets and select export markets. It also holds a 50% equity stake in Kraus Casuals Private Limited, the owner of the women's denim and casualwear brand Kraus Jeans, acquired in 2024 to extend its play in women's fashion.

Segments

  • Retail (EBO + LFS)
  • Non-Retail (MBO + E-commerce + Factory Outlet + Exports)
Exclusive Brand Outlets (EBOs)
666 stores as of Mar 2026 (Killer 457, K-Lounge 90, Lawman+Integriti 90, Kraus 28, Factory Outlet 1)
Distribution network
80+ distributors covering 3,000+ multi-brand outlets and 2,700+ large-format-store counters
Geographic reach
Presence across 26 states and 388+ towns and cities in India
Owned brand portfolio
7 brands/formats (Killer, Lawman, Easies, Integriti, Junior Killer, Kraus Jeans, K-Lounge) spanning menswear, womenswear and kidswear
Manufacturing model
In-house, vertically integrated design-to-retail manufacturing; ISO 9001:2008 certified facilities, with the Vapi unit additionally ISO 14001:2004 certified
Kraus Jeans stake
50% equity stake in Kraus Casuals Private Limited (women's denim & casualwear brand), acquired in 2024
Founded 1992Headquarters Kewal Kiran Estate, 460/7, I.B. Patel Road, Goregaon (East), Mumbai 400063, IndiaEmployees 2,534 (FY25 (as of March 2025)) Company website

Guidance record · Q1 FY27

what the last two calls moved 16 tracked 3 delivered 3 missed 10 open
  • Revenue Growth delivered said Q3 FY25 Promised: Double-digit growth from Q4 FY25 onwards Q1 FY27: Consolidated revenue for Q1 FY27 stood at Rs. 279 crores, registering a healthy 19% year-on-year growth.
  • EBO Openings missed said Q2 FY26 Promised: 100 stores should be opened year-on-year Q1 FY27: This promise was missed in FY26 and has been superseded by a new, lower guidance of 50-70 stores for FY27.
  • EBO Count at risk said Q4 FY25 Promised: Grow EBOs from 609 to over 900 in next 3 years Q1 FY27: Added a net of 4 EBOs, bringing total to 670. This quarterly pace (annualized: 16) is significantly below the required rate to reach 900 by FY28.

All 16 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 19.2%, net profit up 28.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue308 255 288 234 354 +15%301 +18%324 +13%279 +19%
EBITDA64 47 52 42 71 +11%63 +34%62 +19%54 +29%
Net profit68 26 30 32 47 −31%38 +46%35 +17%41 +28%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −7.7% 1Y

₹400₹450₹500₹550₹600Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 16 Oct 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 11 May 2026Q1 FY27 — 10 Aug 2026

1Y: ₹535.95 on 10 Sept 2025 → ₹494.9. High ₹592 (23 Sept 2025), low ₹413.05 (23 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+0.6%
10 Aug
Q4 FY26
−1.9%
11 May
Q3 FY26
−4.2%
12 Feb
Q2 FY26
−4.4%
16 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 15.9% a year over 3 years, FY23 to FY26. Operating margin held at 19.6%.

Year endingFY23FY24FY25FY26
Revenue₹779 Cr₹859 Cr₹1.0k Cr₹1.2k Cr
Operating profit₹152 Cr₹177 Cr₹191 Cr₹238 Cr
Operating margin19.5%20.6%19.1%19.6%
Interest₹6 Cr₹5 Cr₹11 Cr₹15 Cr
Depreciation₹8 Cr₹11 Cr₹32 Cr₹45 Cr
Net profit₹119 Cr₹155 Cr₹149 Cr₹152 Cr
Net margin15.3%18.0%14.9%12.5%
Cash from operations₹75 Cr₹136 Cr₹14 Cr₹183 Cr
Free cash flow₹51 Cr₹126 Cr₹-70 Cr₹166 Cr
ROCE26.0%31.0%18.0%18.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹12 Cr₹62 Cr₹62 Cr₹62 Cr₹62 Cr₹62 Cr
Reserves₹421 Cr₹416 Cr₹485 Cr₹614 Cr₹822 Cr₹877 Cr
Borrowings₹50 Cr₹82 Cr₹66 Cr₹20 Cr₹176 Cr₹128 Cr
Other liabilities₹100 Cr₹183 Cr₹204 Cr₹142 Cr₹486 Cr₹430 Cr
Total liabilities₹582 Cr₹743 Cr₹817 Cr₹837 Cr₹1.5k Cr₹1.5k Cr
Fixed assets₹82 Cr₹86 Cr₹109 Cr₹117 Cr₹486 Cr₹486 Cr
Capital work in progress₹1 Cr₹1 Cr₹1 Cr₹0 Cr₹9 Cr₹11 Cr
Investments₹131 Cr₹140 Cr₹152 Cr₹177 Cr₹168 Cr₹165 Cr
Other assets₹368 Cr₹516 Cr₹554 Cr₹543 Cr₹884 Cr₹834 Cr
Total assets₹582 Cr₹743 Cr₹817 Cr₹837 Cr₹1.5k Cr₹1.5k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +0.35 pp while FIIs trimmed −0.25 pp. The shareholder count shrank 6% to 32,735.

Promoters
74.3%
FIIs
2.4%
DIIs
8.8%
Public
14.5%

Since Jun 2025

  • DIIs +0.35 pp
  • FIIs −0.25 pp
  • Public −0.12 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 74.3%, FIIs 2.6%, DIIs 8.0%, Public 15.1%.Dec '23: Promoters 74.3%, FIIs 2.5%, DIIs 8.6%, Public 14.6%.Mar '24: Promoters 74.3%, FIIs 2.1%, DIIs 8.8%, Public 14.8%.Jun '24: Promoters 74.3%, FIIs 2.8%, DIIs 6.9%, Public 16.0%.Sep '24: Promoters 74.3%, FIIs 2.8%, DIIs 6.8%, Public 16.1%.Dec '24: Promoters 74.3%, FIIs 2.0%, DIIs 7.2%, Public 16.5%.Mar '25: Promoters 74.3%, FIIs 2.4%, DIIs 7.8%, Public 15.6%.Jun '25: Promoters 74.3%, FIIs 2.6%, DIIs 8.5%, Public 14.6%.Sep '25: Promoters 74.3%, FIIs 2.4%, DIIs 8.7%, Public 14.7%.Dec '25: Promoters 74.3%, FIIs 2.3%, DIIs 8.8%, Public 14.6%.Mar '26: Promoters 74.3%, FIIs 2.3%, DIIs 8.6%, Public 14.8%.Jun '26: Promoters 74.3%, FIIs 2.4%, DIIs 8.8%, Public 14.5%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Kewal Kiran Clothing Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Shantaben P Jain 49.92%unchanged
Dinesh P Jain 5.92%unchanged
Vikas P Jain 5.86%unchanged
Hemant P Jain 5.61%unchanged
Kewalchand P Jain 5.60%unchanged
Bandhan Small Cap Fund Mutual fund2.58%unchanged
Kotak Small Cap Fund Mutual fund1.49%unchanged
UTI Small Cap Fund Mutual fund1.19%−0.09 pp
Pinebridge Global Funds - Pinebridge India Equity Fund FPI fund1.10%+0.07 pp
Pankaj K Jain 0.13%unchanged
Hitendra H Jain 0.13%unchanged
Kesar V Jain 0.13%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Kewal Kiran Clothing Limited

Guides on how to read this kind of business and the numbers that matter.