Home / Knowledge / News / Textiles / Net sales climb 18% at Kewal Kiran Clothing in Q4FY15
Net sales climb 18% at Kewal Kiran Clothing in Q4FY15
May '15
Kewal Kiran Clothing, a marketer of Killer, Lawman and Easies denim and apparel brands, reported an 18 per cent year on year surge in net sales for the fourth fiscal quarter ended March 31, 2015.

In a BSE filing, the Kewalchand Jain led clothing marketer said its net sales climbed 18 per cent to Rs 103.95 crore in the fourth quarter of fiscal 2014-15 as against Rs 88.06 crore in the fourth quarter from its last fiscal.

But despite recording a 25.84 per cent growth in operating profit, Kewal Kiran’s net profit rose at a partly 3.43 per cent year over year from lower other income.

Net profit in the reporting quarter grew to Rs 21.40 crore compared to Rs 20.69 crore in the fourth quarter of fiscal 2013-14, down 3.43 per cent.

Other income at the Mumbai based company plunged 46.94 per cent to Rs 3.73 crore in the quarter under review from Rs 7.03 crore.

Operating profit however soared 25.84 per cent to Rs 27.22 crore compared to Rs 21.63 crore in the fourth quarter of fiscal 2013-14.

Operating profit rose from steep declines in finance cost and depreciation and amortisation costs.

Depreciation and amortisation in the fourth quarter of fiscal 2014-15 fell to Rs 91 lakh from Rs 1.29 crore in the fiscal ago quarter, down steep 29.45 per cent.

In the same comparable period, finance cost too tumbled down 29.16 per cent to Rs 51 lakh as against Rs 72 lakh.

For the fourth quarter of fiscal 2014-15, total expenditure rose 15.84 per cent to Rs 77.51 crore compared to Rs 66.91 crore in the same period of last fiscal.

Higher expense were driven by increase in stock, which mounted 20.11 per cent to Rs 4.12 crore, raw material consumed expanded 19.88 per cent to Rs 39.43 crore, both growing from a fiscal earlier quarter.

Manufacturing and operating expense in the quarter under review lifted to Rs 7.32 crore, up 24.70 per cent, while selling and distribution expense fell 21.32 per cent to Rs 5.57 crore.

The denim jeans retailer posted pre-tax profit Rs 30.44 crore in the fourth quarter of fiscal 2014-15 as against Rs 27.94 crore, up 8.94 per cent.

Earnings per share in the quarter ended March 31, 2015 climbed to Rs 17.37 from Rs 16.80 from the same quarter of fiscal 2013-14. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search