Home / Knowledge / News / Apparel/Garments / Apparel retailer Kewal Kiran posts notable Q2 sales growth
Apparel retailer Kewal Kiran posts notable Q2 sales growth
Dec '13
Despite a weak consumer environment, apparel retailer Kewal Kiran Ltd registered a impressive topline growth of 28.54% to touch Rs. 112.99 Cr on YoY basis during the second quarter of FY 14. 
This impressive performance was supported by both, growth in volumes and realizations. Sales volumes have grown by 16.37% (from 1.11 million units to 1.29 million units) whereas realizations have improved 11.26% to Rs. 874 as compared to Rs. 786 a year ago. 
The flagship clothing brand of Kewal Kiran ‘Killer’ continues to dominate the revenue profile with 51% share. However, Lawman brand witnessed revenue growth of 53% to reach Rs. 23.50 Cr from Rs 15.33 Cr   
Subsequently, operating profit has increased from Rs. 25.38 Cr (Q2 FY 13) to Rs. 35.82 Cr (Q2 FY 14), a steep hike of about 41%. 
The company has successfully controlled its personnel and SGA expense that has resulted in the improvement of 300 basis points in operating profit margin from 27.9% to 30.9%.  
Net profit has also increased to Rs. 23.53 Cr on account of decline in depreciation costs. Net profit margin has improved 20.19% vis-à-vis 19.26% owing to decline of interest as a percentage of sales.  
This exceptional performance on the operational and financial front has reflected in the share price of Kewal Kiran touching a near all time high of Rs.1158. In addition, it enjoys rich valuations in terms of P/B (5.5 times) and P/E (21.77 times) compared to its peers. 

Fibre2fashion News Desk - India

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search