One of India’s largest branded apparel manufacturers, Kewal Kiran Clothing Ltd. (KKCL) reported 56 per cent growth in its net profit accounting for Rs. 34 crore for the first quarter of FY ’24.
The revenue of the company excelled by 15 per cent reporting Rs. 178 crore in comparison to Rs. 154 crore claimed during this period in the previous year.
Kewalchand P Jain, chairman managing director of Kewal Kiran commented, “I am happy to inform you that Q1FY ’24, has reflected upon the positive trends of our ongoing growth initiatives. The company emerged stronger in a challenging environment exhibiting robust resilience as we saw strong performance with volume and sales growth with consistent margins.”
He further added, “We are confident that we are on the right path to execute the growth strategy. Our robust distribution model is well supported by the drive for expansion of product categories backed by in-house manufacturing capabilities which has assisted us emerge stronger and be more committed to pursuing sustainable and profitable growth while catering to the rising demand.”
