Risk Intelligence
Raw material price inflation from global trade disruptions
View Risks →Kewal Kiran Clothing delivered a strong Q4 FY26 with consolidated revenue of ₹325 crore (+12.4% YoY) and full-year revenue of ₹1,212 crore (+20.9% YoY).
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Kewal Kiran Clothing delivered a strong Q4 FY26 with consolidated revenue of ₹325 crore (+12.4% YoY) and full-year revenue of ₹1,212 crore (+20.9% YoY). EBITDA for the quarter was ₹62 crore (+18% YoY), with margins expanding to 19.6% for FY26, above the guided 17-18% range. Growth was driven by double-digit volume growth of 16%, strong same-store sales growth of 6.8% (Q4) and 9.4% (FY26), and robust performance across brands including Killer, Cross, and Junior Killer. The company raised its three-year CAGR guidance from 15% to 20%, with organic growth of 15-18% supplemented by inorganic acquisitions. Management remains open to acquisitions across categories and price points. Key risk: raw material price inflation from global trade disruptions may pressure margins if not fully passed on.
Raw material price inflation from global trade disruptions
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Read Transcript →SSG for Q4 FY26 was 6.8%, indicating healthy like-for-like store performance.
Consolidated volume grew 16% YoY, driven by design capabilities and consumer demand.
Net addition of 57 EBOs in FY26, taking total to 666 stores as of March 31, 2026.
Cross brand grew upwards of 20% in FY26, its first full year under KKCL ownership.
Management raised the Vision 2028 CAGR target from 15% to 20%, with organic growth of 15-18% and inorganic contribution of ~5%.
Management acknowledged that raw material prices have increased substantially due to global trade disruptions, and the impact on margins is uncertain.
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