Kewal Kiran Clothing LimitedQ1 FY27 Results & Financial Update
Kewal Kiran Clothing Limited: Q1 FY27 consolidated results and company financials – revenue ₹279.00 Cr, PAT ₹41.00 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Kewal Kiran Clothing Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
For the first quarter of fiscal year 2027 (ended June 30, 2026), Kewal Kiran Clothing Limited reported consolidated revenue from operations of INR 279 crore, alongside total income of INR 292 crore which included INR 13 crore of other income.
Profit before tax (PBT) for the quarter stood at INR 51 crore, while total net profit after tax (PAT) reached INR 41 crore on a consolidated basis, translating to a basic and diluted earnings per share (EPS) of INR 6.01.
Management explicitly notes that due to the seasonal and uneven nature of the apparel and retail industry, quarterly financial results are not necessarily representative of the performance expected for the entire financial year.
Other income of INR 13 crore for the quarter was bolstered by a net gain of INR 4 crore from the disposal of investments (excluding prior-period MTM gains) and INR 7 crore of mark-to-market gains recognized on investments held by the holding company.
Total consolidated expenses for the quarter were recorded at INR 241 crore, reflecting cost of materials consumed at INR 115 crore, purchases of stock-in-trade at INR 8 crore, and employee benefit expenses at INR 43 crore.
Depreciation and amortisation expenses for the quarter stood at INR 13 crore, while finance costs remained modest at INR 3 crore, indicating restrained borrowing liabilities.
Total comprehensive income for the quarter was recorded at INR 41 crore, with INR 38 crore attributable to the owners of the company and INR 3 crore attributable to non-controlling interests.
01 · Business model
What does Kewal Kiran Clothing do?
Kewal Kiran Clothing Limited (KKCL) is a prominent lifestyle apparel and fashion retail company engaged in the manufacturing, branding, and marketing of branded garments and lifestyle accessories. Its product portfolio spans menswear, casual wear, denims, and allied accessories.
The company's well-known brand stable includes Killer, Lawmanpg3, Integriti, Easies, K-Lounge, and Addictions, catering to diverse consumer segments across India through multi-brand outlets, exclusive brand stores, large-format stores, and e-commerce channels.
Beyond its core apparel business, the company operates a wind turbine generator primarily dedicated to captive power consumption, supporting its sustainability and energy management objectives.
KKCL manages its operations through structured subsidiaries and joint ventures, including Kewal Kiran Developers Limited, Kraus Casuals Private Limited, and White Knitwears Private Limited, ensuring a vertically integrated approach to design, retail, and manufacturing.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹279.00 Cr |
| Total income | ₹292.00 Cr |
| Profit before tax | ₹51.00 Cr |
| Profit after tax | ₹41.00 Cr |
| EPS | ₹6.01 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 14.7% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 18.3% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹13.00 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations of INR 279 crore was driven by the manufacturing and marketing of branded apparel and lifestyle accessories across retail and wholesale channels.
Total income reached INR 292 crore, augmented by INR 13 crore of other income which included INR 4 crore from investment disposals and INR 7 crore in mark-to-market gains.
What drove margins
Cost of materials consumed stood at INR 115 crore, while purchases of stock-in-trade accounted for INR 8 crore, alongside an inventory change of INR 11 crore.
Manufacturing and operating expenses were INR 24 crore, employee benefit expenses reached INR 43 crore, administrative expenses were INR 13 crore, and selling and distribution expenses totaled INR 11 crore.
Depreciation and amortisation costs were reported at INR 13 crore and finance costs stood at INR 3 crore, exerting steady operational overhead.
04 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Core operations remain centered around apparel manufacturing and lifestyle accessories under flagship brands such as Killer, Lawmanpg3, and Integriti.
The wind turbine generator segment operates primarily for captive power consumption and falls below reportable segment thresholds under Ind AS 108.
05 · Reported developments
What changed operationally
The company delivered a consolidated net profit of INR 41 crore for Q1 FY27 supported by positive investment returns and steady core apparel demand.
06 · Items worth noticing
The line items that can distort a quick read
Other income includes INR 4 crore from investment sales and INR 7 crore from mark-to-market revaluations.
07 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Consolidated current borrowings stood at INR 35 crore as of June 30, 2026, alongside non-current lease liabilities of INR 60 crore and current lease liabilities of INR 14 crore.
08 · Beyond the numbers
What changed beyond the numbers
Reported update
Investment Realisations
Other income included a net gain of INR 4 crore on the disposal of investments and INR 7 crore of mark-to-market gains recognized on investments.
09 · Key Q&A
The quarter, answered directly
What does Kewal Kiran Clothing do?
Kewal Kiran Clothing Limited (KKCL) is a prominent lifestyle apparel and fashion retail company engaged in the manufacturing, branding, and marketing of branded garments and lifestyle accessories. Its product portfolio spans menswear, casual wear, denims, and allied accessories.
What is the clearest takeaway from Q1 FY27?
For the first quarter of fiscal year 2027 (ended June 30, 2026), Kewal Kiran Clothing Limited reported consolidated revenue from operations of INR 279 crore, alongside total income of INR 292 crore which included INR 13 crore of other income.
What drove revenue or demand?
Revenue from operations of INR 279 crore was driven by the manufacturing and marketing of branded apparel and lifestyle accessories across retail and wholesale channels.
What mattered most for margins or profitability?
Cost of materials consumed stood at INR 115 crore, while purchases of stock-in-trade accounted for INR 8 crore, alongside an inventory change of INR 11 crore.
What changed operationally beyond the headline numbers?
Other income included a net gain of INR 4 crore on the disposal of investments and INR 7 crore of mark-to-market gains recognized on investments.
What should the next disclosure help confirm?
Monitor subsequent quarters for normalization of apparel demand given the uneven distribution of revenues across the fiscal year.
10 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
11 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Seasonal Revenue Progression: Monitor subsequent quarters for normalization of apparel demand given the uneven distribution of revenues across the fiscal year.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.