The net profit of Kewal Kiran Clothing increased in the second quarter
01 November 2021, Mumbai:
Kewal Kiran Clothing's net profit increased 194.98 percent to Rs 27.02 crore in the quarter ending September 2021, compared to Rs 9.16 crore in the preceding quarter. Sales increased by 159.45% to Rs 175.08 crore in the quarter ending September 2021, compared to Rs 67.48 crore in the preceding quarter.
Kewal Kiran Clothing Ltd had a 195 percent increase in net profit to Rs 27 crore ($3.7 million) Business Standard in the second quarter of 2021, compared to a net profit of Rs 9 crore in the previous quarter.
The company's revenue for the quarter increased by 159 percent to Rs 175 crore, up from Rs 67 crore in the previous fiscal year's similar period.
Kewal Kiran's revenue for the first half of the current fiscal year was Rs 276 crore, with a net profit of Rs 36 crore from April to September. Killer, Integriti, LawmanPg3, Easies, and Desi Belle are among the brands owned by Kewal Kiran. The firm has 336 retail locations in 210 cities across 25 states and sells on India's main e-commerce platforms.
Over the following two years, the firm plans to expand its retail footprint in India, with a goal of reaching 500 stores.
