Kewal Kiran Clothing Ltd (KKCL) reported a 25 percent decline in net profit to Rs 25 crore ($3 million) for the first quarter of financial year 2025, as against Rs 34 crore in the year-ago quarter.
The company’s revenue for the quarter was down by 15 percent to Rs 151 crore, as against Rs 178 crore in the corresponding quarter of the previous fiscal year.
Commenting on the results, Kewalchand Jain, chairman managing director of KKCL in a statement said, “FY 2025 started with our strategic initiatives taking shape with consummation of 50% stake in Kraus, a company engaged in business of casual women’s clothing. With Kraus and recently introduced Junior Killer being added to our established brand portfolio, provides us an edge to transform into a brand powerhouse with portfolio across age and gender.”
“Q1FY25, on account of an external challenging environment tested our resilience, which we were able to withstand albeit muted sales but by putting our growth levers in place for the period ahead. We continue to widen our national footprint with a focus to expand our presence with brand led EBOs, enhancing the visibility of our brands,” he added.
Kewal Kiran Clothing Limited is one of India’s largest branded apparel players with a portfolio of brands like Killer, Intergiti, Lawman Easies, Junior Killer, and Kraus.
Copyright © 2024 FashionNetwork.com All rights reserved.
