The net profit of KewalKiran Clothing declined by 45 percent decline to Rs 9 crore ($1.3 million) in the fourth quarter ended March 2021, as against a net profit of Rs 16 crore it had reported in the year-ago period.
As per Fashion Network, the company’s revenue for the quarter declined by 13 percent to Rs 111 crore, as against Rs 127 crore it posted in the corresponding period last year.
For the financial year 2020-21, the company’s net profit declined 73 percent to Rs 20 crore as compared to Rs 73 crore during the previous year while revenue declined 43 percent to Rs 303 crore from last year’s Rs 530 crore.
KewalKiran owns brands like Killer, Integriti, LawmanPg3, Easies, and Desi Belle. The company currently has 336 retail stores in 210 cities across 25 states and sells on leading e-commerce platforms in India.
