Lifestyle retail company, Kewal Kiran Clothing Ltd. reported a 29% year-on-year (YoY) increase in consolidated EBITDA to Rs. 54 crore (US $5.65 million) for the quarter ended June 30 (Q1 FY ’27), compared to Rs. 42 crore (US $4.40 million) in the corresponding quarter last year.
The growth was supported by a 19% rise in revenue from operations to Rs. 279 crore (US $2.92 million) from Rs. 234 crore (US $2.45 million), along with an improvement in gross profit margin to 43% from 42%. Consolidated net profit after tax (PAT) also increased 29% YoY to Rs. 41 crore (US $4.29 million).
On a standalone basis, the company reported revenue of Rs. 200 crore (US $20.92 million) compared to Rs. 180 crore (US $18.83 million) in the year-ago period, while net profit rose to Rs. 34 crore (US $3.56 million) from Rs. 30.5 crore (US $3.19 million). EBITDA increased to Rs. 37 crore (US $3.87 million) from Rs. 32.9 crore (US $3.44 million), with EBITDA margin improving marginally to 18.23% from 18.17%.
During the quarter, consolidated gross profit rose to Rs. 121 crore (US $12.66 million) from Rs. 99 crore (US $10.36 million) in Q1 FY ’26. Employee expenses increased to Rs. 43 crore (US $4.50 million) from Rs. 39 crore (US $4.08 million), while selling and distribution expenses rose to Rs. 11 crore (US $1.15 million) from Rs. 8 crore (US $0.84 million). Administrative and other expenses also increased to Rs. 13 crore (US $1.36 million) from Rs. 10 crore (US $1.05 million).
Meanwhile, other income stood at Rs. 13 crore (US $1.36 million), marginally lower than Rs. 14 crore (US $1.47 million) in the corresponding quarter last year. Depreciation and amortisation expenses increased to Rs. 13 crore (US $1.36 million) from Rs. 11 crore (US $1.15 million), whereas finance costs declined to Rs. 3 crore (US $0.31 million) from Rs. 4 crore (US $0.42 million).
Volume sales increased to 39 lakh units during the quarter from 33 lakh units a year earlier. Apparel accounted for 81% of total volume sales, up from 76% in Q1 FY ’26.
However, apparel sales realisation per unit declined to Rs. 852 (US $8.91) from Rs. 881 (US $9.22), indicating a shift towards higher-volume or relatively lower-priced products.
Retail channels, including Exclusive Brand Outlets (EBOs) and Large Format Stores (LFS), contributed 59% of total sales, compared to 54% in the corresponding period last year, while non-retail channels accounted for the remaining 41%.
Commenting on the performance, Hemant Jain, Joint Managing Director, said the company delivered a strong start to FY ’27, driven by volume growth and disciplined execution across its brand portfolio.
As of June 30, 2026, Kewal Kiran Clothing maintained a net cash position of Rs. 336 crore (US $35.15 million), compared to Rs. 304 crore (US $31.81 million) at the end of FY ’26. Cash and investments stood at Rs. 371 crore (US $38.82 million), while total debt declined to Rs. 35 crore (US $3.66 million) from Rs. 48 crore (US $5.02 million), strengthening the balance sheet to support the company’s ongoing retail expansion plans.
