Kewal Kiran Clothing Ltd witnessed a remarkable surge, rallying over 10 percent, driven by their impressive earnings report for the September quarter.
During this quarter, the company reported robust financials, with net sales reaching Rs 262.48 crore, signifying a substantial 15.97 percent increase from the previous year’s Rs 226.34 crore. Moreover, the quarterly net profit stood at Rs 49.80 crore, demonstrating a noteworthy 27.27 percent rise from the Rs 39.13 crore recorded in the same period last year. The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also experienced a substantial uptick, reaching Rs 70.03 crore, marking a 25.23 percent increase from the previous year’s Rs 55.92 crore. Additionally, the EBITDA margin displayed positive growth, rising to 23.5 percent from 22.1 percent.
An important development for Kewal Kiran Clothing Ltd during this period was the introduction of “Junior Killer,” a new addition to their brand portfolio targeting boys aged 4 to 16. This strategic move expands the company’s age and gender-specific offerings, making “Brand Killer” a versatile brand catering to individuals aged 4 and beyond.
This positive financial performance and strategic expansion initiative led to a surge in the company’s stock, reaching a high of Rs 797, reflecting an intraday gain of 10.03 percent. Although the stock later slightly receded from these gains, the market response underscored investor confidence in Kewal Kiran Clothing Ltd’s growth trajectory.
As of 11:52 AM, the shares were trading 7.89 percent higher at ₹781.20, indicating sustained market enthusiasm for the company’s recent developments and financial achievements.
