Kewal Kiran Clothing Limited — Important, 09-02-2025: General Updates

**Q3 & 9M FY25 Investor Presentation Summary**

**Financial Highlights:**

Kewal Kiran Clothing reported a consolidated revenue of ₹255.2 Cr for Q3 FY25, reflecting a remarkable 27.5% year-over-year increase, and ₹714.6 Cr for the nine months, a growth of 11.5%. The EBIDTA was ₹46.9 Cr for Q3, up 20.8% year-on-year, with a margin of 18.4%. In comparison, the nine-month EBIDTA reached ₹138.5 Cr, marking a 2.8% rise. However, net profit (PAT) fell to ₹26.1 Cr in Q3, down 21.5% year-on-year, while the nine-month PAT slightly increased to ₹119.0 Cr, growing by 2.0%.

**Strategic Initiatives and Growth Drivers:**

Kewal Kiran continues to expand its product portfolio by entering new segments, notably kids' wear, alongside its established men's fashion lines. The company emphasizes in-house manufacturing to maintain quality and efficiency.

**Business Developments:**

The company has developed a strong distribution network, comprising 591 exclusive brand outlets (EBOs) across various regions, supporting its retail segment.

**Market Position and Competitive Advantage:**

Kewal Kiran stands out with its integrated business model, encompassing design, manufacturing, and retailing. Its established brands resonate well with varying consumer preferences, anchoring its market presence.

**Investor Implications:**

With a positive outlook backed by robust revenue growth and strategic expansion, Kewal Kiran is in a favorable position for continued development, although investors should monitor the declining PAT in Q3 as a potential area of concern.