Kewal Kiran Clothing Limited (KKCL), a prominent Indian lifestyle company, reported a 36 per cent increase in net profit, reaching US $ 8.1 million for the second quarter that ended September 2024, compared to US $ 5.94 million in the same period last year.
The company’s revenue for the quarter saw a 17 per cent growth, rising to US $ 36.63 million from US $ 31.16 million in the corresponding quarter of the previous fiscal year.
During the July-September quarter, KKCL expanded its retail presence by adding 29 exclusive brand outlets, including its 500th store, and closed the quarter with a total of 534 stores.
Commenting on the results, Chairman and Managing Director Kewalchand P Jain stated, “Our strong performance this quarter is evidence of how well our strategic initiatives and consolidation plan have been implemented, which has increased our market share and spurred growth.”
Looking ahead, Jain expressed optimism about the upcoming festive season, saying, “In order to take advantage of the expected seasonal consumption, we are growing our national presence by opening brand-led exclusive brand outlets (EBOs). We are still dedicated to using our targeted approach to pursue profitable growth in spite of immediate obstacles.”
KKCL owns popular brands such as Killer, Integriti, Lawman, Easies, Kraus, and Junior Killer, and retails through exclusive brand outlets, multi-brand outlets, and e-commerce marketplaces.
