Kewal Kiran Clothing Ltd

Q3 FY25Textiles & Apparels

Kewal Kiran Clothing Q3 FY25 earnings call: Revenue & Margins

Q3 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹516

Market cap₹3.4K Cr

P/E23.7

Updated23 Aug 2026

Read4 min read

The short version

The company expects double-digit growth in sales/revenue from Q4 FY '25 onwards, as production schedules have been streamlined. The company expects double-digit revenue growth in FY 2026 and onwards.

From Kewal Kiran Clothing Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

The company expects double-digit growth in sales/revenue from Q4 FY '25 onwards, as production schedules have been streamlined.
Q3 tertiary sales grew by 14%, indicating sustained growth in coming quarters.
Kraus brand is projected to grow 15%-20% year-on-year with continued retail expansion and exports.
Planned capex of around INR 30-35 crores over 2 years will enhance manufacturing capacity and retail expansion, supporting growth.
Retail expansions include adding 50-60 Killer EBOs and 40-50 Lawman EBOs in the next year.
Inventory levels are being built up to optimal levels to support growth momentum.

2 more points management made on revenue & sales performance

Profitability & Margins

The company expects double-digit revenue growth in FY 2026 and onwards.
EBITDA margins are anticipated to be maintained in the range of 18% to 20%.
Gross profit margin has recently decreased due to higher discounting and inability to take price increases, but no direct future margin improvement was indicated.
Capex of around INR 30-35 crores planned over the next 2 years to enhance manufacturing capacity and retail expansion, supporting growth.
Integration and expansion of Kraus brand expected to add to revenue and EBITDA growth, with sustainable EBITDA margins of 18%-20% for Kraus.
Other income is expected to normalize to INR 8-9 crores annually.

2 more points management made on profitability & margins

See what Kewal Kiran Clothing Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Planned capex of around INR 30-35 crores over the next 2 years.
Capex focused on enhancing manufacturing capacity and expanding retail business, including opening new Exclusive Brand Outlets (EBOs).
Office development property purchase underway, with construction and associated cash flows expected over 3 years; no immediate major impact on cash flow.
Manufacturing capacity currently utilized at nearly 100%; capex to build additional capacity aligned with anticipated growth.
Right-of-use (ROU) assets expected to increase due to new retail stores under lease; this is in line with accounting standards for rental properties.

2 more points management made on capital expenditure plans

Top-ranked in Textiles & Apparels

Ranked on what management guided this quarter

5x potential

1Virat Industries₹530 Cr

Rev 1Mar 1

2Purple United₹474 Cr

Rev 1Mar 3

3₹847 Cr

Rev 2Mar 1

4₹279 Cr

Rev 2Mar 1

5₹2.7K Cr

Rev 2Mar 2

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

There is no explicit mention of any current or planned fundraising through equity in the call.
The company has a short-term debt of around INR 100 crores, primarily due to Kraus payments and purchase of office property.
Hemant Jain mentioned that there is no immediate requirement for significant cash outflow except ongoing construction over a 3-year plan.
Hemant Jain stated there is no indication of a plan to repay debt at the moment; the debt arose mainly from acquisitions and property purchases.
No plans for dividend increase or buyback are currently made, indicating cautious cash management.

2 more points management made on fundraising & capital structure

See what Kewal Kiran Clothing Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The company experienced order fulfillment challenges in Q1 and Q2 of FY '25 due to attempts at just-in-time production.
Despite having a strong order book during this period, they were unable to supply products on time.
From Q2 FY '25 onwards, the company restored its earlier production timelines.
Production schedules are now streamlined.

2 more points management made on order book & pipeline

Kewal Kiran Clothing Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹324 Cr, net profit ₹35 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Kewal Kir.Cloth.'s management said in earlier quarters

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Frequently Asked Questions

What were Kewal Kiran Clothing Ltd Q3 FY25 results?

The company expects double-digit growth in sales/revenue from Q4 FY '25 onwards, as production schedules have been streamlined. The company expects double-digit revenue growth in FY 2026 and onwards.

What is Kewal Kiran Clothing Ltd share price analysis?

Kewal Kiran Clothing Ltd currently shows a neutral. The stock trades at a P/E of 23.7 with a market cap of ₹3,368 Cr. Investors should review the full earnings analysis for detailed insights.

Is Kewal Kiran Clothing Ltd planning capital expenditure?

Planned capex of around INR 30-35 crores over the next 2 years.

Keep Kewal Kiran Clothing Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.