Kewal Kiran Clothing Limited (KKCL), an Indian lifestyle apparel company, has announced its audited consolidated financial results for the quarter ended 31st December 2025.
For the third quarter of FY ’26, revenue from operations rose by 18.0% year-on-year to Rs. 301.1 crore (US $ 33.24 million), compared with Rs. 255.2 crore (US $ 28.17 million) in the corresponding quarter of the previous financial year. Gross profit for the quarter increased by 24.1% to Rs. 131.1 crore (US $ 14.47 million) from Rs. 105.6 crore (US $ 11.65 million) in Q3 FY ’25, with gross margins improving to 43.5%.
Earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 34.2% year-on-year to Rs. 63 crore (US $ 6.95 million), up from Rs. 46.9 crore (US $ 5.17 million) in Q3 FY ’25. EBITDA margin for the quarter stood at 20.9%. Profit after tax (PAT) recorded a sharp rise of 45.3% to Rs. 37.9 crore (US $ 4.18 million), compared with Rs. 26.1 crore (US $ 2.88 million) in the year-ago period, with a PAT margin of 12.5%.
For the nine months ended December 2025, revenue from operations increased by 24.4% to Rs. 889 crore (US $ 98.15 million), as against Rs. 714.6 crore (US $ 78.90 million) in 9M FY ’25. Gross profit during the period grew by 25.0% to Rs. 378.8 crore (US $ 41.82 million), with gross margins at 42.6%. EBITDA rose by 26.8% to Rs. 175.5 crore (US $ 19.37 million) from Rs. 138.5 crore (US $ 15.29 million) in the same period last year, translating into an EBITDA margin of 19.7%.
PAT for the nine-month period stood at Rs. 117.2 crore (US $ 12.94 million), marginally lower by 1.5% compared with Rs. 119 crore (US $ 13.13 million) in 9M FY ’25. The moderation was primarily attributed to higher other income in the previous year, which included a one-time gain from the sale of shares via an IPO offer-for-sale and fair value gains on shares of Baazar Style Retail Limited. PAT margin for 9M FY ’26 stood at 12.8%.
During the quarter, KKCL continued to expand its retail footprint, adding a net 14 Exclusive Brand Outlets (EBOs). This took the total number of EBOs to 666, alongside the company’s presence across more than 3,000 multi-brand outlets and major national retail chains.
Commenting on the performance, Joint Managing Director Hemant Jain noted that a continued focus on operational efficiency and disciplined execution of growth strategies led to significant margin expansion, resulting in strong EBITDA growth. Jain added that the company’s ongoing investments in brand building and distribution, including the expansion of Exclusive Brand Outlets and strengthened presence in large-format stores, were enhancing brand visibility and supporting sales momentum. He further stated that, with growth levers performing as planned and market sentiment remaining favourable, the company was confident of closing the financial year at the higher end of its guided range while maintaining a strong margin profile.
