Kewal Kiran Clothing Ltd (BOM:532732)
₹ 496.45 -6.85 (-1.36%) Market Cap: 30.59 Bil Enterprise Value: 30.49 Bil PE Ratio: 21.81 PB Ratio: 3.27 GF Score: 83/100

Q2 2026 Kewal Kiran Clothing Ltd Earnings Call Transcript

Oct 16, 2025 / 06:30 AM GMT
Release Date Price: ₹535.9 (-4.41%)

Key Points

Positve
  • Kewal Kiran Clothing Ltd (BOM:532732) reported a 14.9% year-on-year increase in consolidated revenue for Q2 FY26, reaching INR 354 crores.
  • The company achieved a 17.3% year-on-year growth in apparel volume on a consolidated basis, indicating strong consumer demand.
  • EBITDA grew by 11% year-on-year to INR 71 crores, with an EBITDA margin of 20%, surpassing the guided range of 17% to 18%.
  • The company added 29 exclusive brand outlets (EBOs) during the quarter, expanding its total to 652 stores, with a focus on tier one, two, and three cities.
  • Kewal Kiran Clothing Ltd (BOM:532732) is well-positioned to benefit from the Indian government's decision to reduce GST on selected apparel price points, which is expected to boost demand.
Negative
  • Despite the positive revenue growth, the company's PAT for H1 FY26 was significantly lower at INR 20.7 crores compared to INR 45.1 crores in H1 FY25.
  • Working capital for the acquired brand 'Cross' has not yet reached the efficiency levels of Kewal Kiran Clothing Ltd (BOM:532732), with expectations of improvement in the next one or two quarters.
  • The company faces challenges in integrating AI into its systems, which is crucial for staying competitive in the evolving market.
  • There is a noted decline in the 'Others' category by 32%, which could impact overall revenue diversification.
  • The company is still strategizing on whether to implement price increases, which could affect future profitability if not managed effectively.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KKCL.NS - Kewal Kiran Clothing Ltd
Q2 2026 Kewal Kiran Clothing Ltd Earnings Call
Oct 16, 2025 / 06:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Cable and Clothing Limited Q2 and H1F 526 conference call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing start, then 0 on a touchtone phone.

Before we begin, a brief disclaimer. The presentation which Cable and Clothing Limited has uploaded on the stock exchange and their website, including the discussions during the call, contains or may contain certain forward-looking statements concerning cable care including limited business prospects and profitability, which
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