Kewal Kiran Clothing Limited (KKCL) has declared a 25% dividend for FY07, on the back of its strong results. The company saw its Total Revenues for the year go up 62.7% year on year, to Rs 140.99 crores from Rs 86.68 crores last year.
Net Profit After Tax for the year also grew 60.2%, to Rs 18.66 crores from Rs 11.65 crores last year. The Net Profit Margins were at 13.96%, higher than last year's 13.59%. The company's Basic and Diluted Earnings Per Share (EPS) for the year is Rs 15.17 per share,
The manufacturing capacity of the company has gone up to about 3 million garments during this year, and plans have been firmed to augment this to 4 million by the end of FY08. During FY07, KKCL manufactured about 2.72 million garments and sold about 2.43 million. The company acquired 53,000 square feet land and 40,000 square feet building thereon, to enhance its manufacturing facilities.
“During this financial year, we plan to open 88 new retail stores, comprising of K-Lounge outlets and Exclusive Brand Outlets (EBOs). We have planned 16 EBOs for the Killer brand, 14 each for Pg3 Lawman and Integriti, and one flagship store for Easies,” said Mr Kewalchand Jain, CMD, Kewal Kiran Clothing Limited.
During the quarter ended March 31, 2007, the company opened 6 K-Lounge stores, taking the tally of operational stores at the end of FY07 to 55. The flagship brand Killer has seen a 29% rise in revenues, while newer brands Pg3 Lawman and Integriti have registered impressive growths of 80% and 57%, respectively.
For the quarter ended March 31, 2007, KKCL saw Total Revenues of Rs 32.53 crores, while Net Profit After Tax was Rs 3.21 crores. Since the company generates higher revenues during festive seasons, the results of sequential quarters are not comparable.
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Kewal Kiran Clothing Limited
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