Kewal Kiran Clothing Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 21, 2023 at 12:30 pm
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Kewal Kiran Clothing Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 1,990.9 million compared to INR 1,714.1 million a year ago. Revenue was INR 2,056 million compared to INR 1,752.6 million a year ago. Net income was INR 269 million compared to INR 213.2 million a year ago. Basic earnings per share from continuing operations was INR 4.36 compared to INR 3.46 a year ago. Diluted earnings per share from continuing operations was INR 4.36 compared to INR 3.46 a year ago.
For the nine months, sales was INR 5,799.7 million compared to INR 4,380.4 million a year ago. Revenue was INR 5,926.7 million compared to INR 4,515.1 million a year ago. Net income was INR 875.3 million compared to INR 568.8 million a year ago. Basic earnings per share from continuing operations was INR 14.2 compared to INR 9.23 a year ago. Diluted earnings per share from continuing operations was INR 14.2 compared to INR 9.23 a year ago.
Kewal Kiran Clothing Limited is an India-based apparel manufacturer, which is engaged in the designing, manufacturing, and marketing of branded jeans and a wide range of western wear. The Company deals in various categories, including apparel, footwear, and accessories with a portfolio of its own brands. The Companyâs brands operate in various markets, which includes the luxury market, middle-market and mass-market. The Company is focused on casual wear, fashionwear, partywear, loungewear and athleisure brands. The Companyâs product portfolio consists of a mix of bottom wear and to-wear products spread across jeans, trousers, shirts, t-shirts, jackets, pullovers and others. The Companyâs brands include Killer, Integriti, LawmanPg3, Easies, Izel, Iti and Kraus jeans. The Company owns over 6500 retail outlets and operates in approximately 29 states and five union territories in India. In addition, it also serves international customers in select countries across the world.