Kewal Kiran Clothing Ltd., a leading apparel and accessories company, announced its financial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
Q4FY24 Financial Highlights:
Revenue from Operations: Grew by 10.0% to Rs 219.4 crore compared to Rs 199.5 crore in Q4FY23. This was driven by positive volume growth across most categories, with a notable 14% growth in the denim wear category.
Gross Profit: Increased to Rs 97.9 crore in Q4FY24 from Rs 89.2 crore in Q4FY23.
Gross Margin: Stood at 44.6% compared to 44.7% in Q4FY23.
EBITDA: Grew by 8.7% to Rs 42.4 crore compared to Rs 39.0 crore in Q4FY23.
EBITDA Margin: Stood at 19.3% compared to 19.6% in Q4FY23.
PBT: Grew by 12.2% to Rs 47.6 crore compared to Rs 42.4 crore in Q4FY23.
PBT Margin: Increased to 20.9% compared to 20.5% in Q4FY23.
PAT: Grew by 19.0% to Rs 37.6 crore compared to Rs 31.6 crore in Q4FY23.
PAT Margin: Expanded to 16.5% compared to 15.3% in Q4FY23.
FY24 Financial Highlights:
Revenue from Operations: Grew by 10.4% to Rs 860.5 crore compared to Rs 779.5 crore in FY23, primarily driven by volume growth.
Key Highlights:
Positive volume growth across most categories, particularly in denim wear.
Growth in revenue and profitability, despite a slight dip in EBITDA margin.
Acquisition of a 50% stake in Kraus Casuals to expand into women's wear segment.
Further Information and Analysis:
For more detailed analysis and insights on Kewal Kiran Clothing's Q4FY24 and FY24 results, you can refer to the following resources:
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/kewal-kiran-clothing-ltd
5paisa Share Price: https://www.5paisa.com/stocks/kkcl-share-price
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