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.
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 #
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.
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 #
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
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 #
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%.
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 #
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%.
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 #
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.
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 #
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.
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 #
Fibre2fashion News Desk - India
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