H1FY25 & Q2FY25 Result Announced for Kewal Kiran Clothing Ltd.
Apparels & Accessories company Kewal Kiran Clothing announced H1FY25 & Q2FY25 results
Q2FY25 Financial Highlights:
- Revenue from Operations for Q2FY25 grew by 17.4% to Rs 308.2 crore as compared to Rs 262.5 crore in Q2FY24.
- Gross Profit grew to Rs 128.8 crore in Q2FY25 as compared to Rs 111.9 crore in Q2FY24. Gross margin for Q2FY25 stood at 41.8% as compared to 42.7% in Q2FY24.
- EBIDTA for Q2FY25 grew by 3.6% to Rs 63.9 crore as compared to Rs 61.7 crore in Q2FY24. EBIDTA margin for Q2FY25 stood at 20.7% as compared to 23.5% in Q2FY24.
- PBT for Q2FY25 grew by 30.4% to Rs 86.2 crore as compared to Rs 66.1 cr in Q2FY24. PBT margin for Q2FY25 stood at 25.2% as compared to 24.4% in Q2FY24.
- PAT for Q2FY25 grew by 36.2% to Rs 67.7 crore as compared to Rs 49.7 crore in Q2FY24. PAT margin for Q2FY25 expanded to 19.8% as compared to 18.3% in Q2FY24.
H1FY25 Financial Highlights:
- Revenue from Operations for H1FY25 grew by 4.2% to Rs 459.5 crore as compared to Rs 440.9 crore in H1FY24.
- Gross Profit grew to Rs 197.5 crore in H1FY25 as compared to Rs 188.7 crore in H1FY24. Gross margin for H1FY25 expanded to 43.0% as compared to 42.8% in H1FY24.
- EBIDTA for H1FY25 declined by 4.5% to Rs 91.5 crore as compared to Rs 95.9 crore in H1FY24. EBIDTA margin for H1FY25 stood at 19.9% as compared to 21.7% in H1FY24.
- PBT for H1FY25 grew by 12.6% to Rs 121.0 crore as compared to Rs 107.4 crore in H1FY24. PBT margin for H1FY25 expanded to 24.0% as compared to 23.3% in H1FY24.
- PAT for H1FY25 grew by 11.4% to Rs 92.9 crore as compared to Rs 83.4 crore in H1FY24. PAT margin for H1FY25 increased to 18.4% as compared to 18.1% in H1 FY24.
Kewalchand P. Jain, Chairman & Managing Director said: "I am pleased to report resilient results for this quarter primarily driven by the successful execution of our consolidation strategy and strategic initiatives which has propelled our growth and expanded our market share. With encouraging results of recently introduced Junior Killer and successful consolidation of Kraus Casuals, we are more confident of evolving into a brand powerhouse with portfolio across age and gender. This satisfactory performance on account of our inherent brand strength especially for “Brand Killer” and addition of Kraus – our womenswear focused venture, despite a challenging consumer demand environment due to unseasonal heavy rains in August and September, demonstrates our ability to adapt, innovate, and thrive in a dynamic market.
Looking ahead, we believe the market should be supported by encouraging festival season consumption in light of which we continue to widen our national footprint and focus to expand our presence with Brand led EBOs. Despite difficult external environment, we believe our inherent strengths and continued focus on innovation, customer-centricity and strategic partnerships will propel our growth trajectory and solidify our market leadership. Despite the inherent short terms challenges, the long term growth opportunity in the Indian fashion apparel industry remains positive and we will continue to stay focused on pursuing profitable growth with our strong foundation and focused growth strategy.”