Kewal Kiran Clothing Limited — Investor Meet, 14-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

KKCL reported strong Q3 FY26 consolidated revenue of INR 301 Cr, up 18% YoY, with nine-month performance up 24.4%. EBITDA surged 34.2% YoY to INR 63 Cr, pushing margins to 20.9%, exceeding the 17-18% guided range. Apparel growth was 16.6% YoY.

Management highlighted effective execution and resilient consumer demand. Strategic shifts for Lawman (D2C pivot, 93 EBOs) and Integriti (repositioned pricing, modern trade) are gaining traction, expected to drive double-digit growth from Q1 next year. Kraus achieved robust sales and a remarkable 23.7% EBITDA margin (up from 12% at acquisition), expanding into MBOs and exports. KKCL added 14 EBOs, totaling 666 stores. Future EBO strategy focuses on larger format stores (1500-2500 sq ft) for diverse categories. The company is exploring ethnic wear and new lifestyle categories.

Management is confident in surpassing the INR 1,500 Cr sales goal by FY28, maintaining a double-digit growth outlook and prioritizing profitable expansion. Gross margins are stable at 42%. The overall sentiment reflects strategic growth and operational efficiency.