Kewal Kiran Clothing Limited · NSE:KKCL
Kewal Kiran Clothing — Q4 FY2018 Earnings Presentation
18 slides from Kewal Kiran Clothing's earnings presentation, 2018
Slide 1: Financial Results Review – Q4 FY2018 and fiscal year ended 31.03.2018
KEWAL KIRAN CLOTHING LTD Financial Results Review – Q4 FY2018 and fiscal year ended 31.03.2018
Slide 2: Operational Performance: Q4 and FY 2018
Operational Performance: Q4 and FY 2018 Q4 FY 2018 % of Q4 FY 2017 % of FY 2018 % of FY 2017 % of Rs crs sales Rs crs sales Variation Rs crs sales Rs crs sales Variation Net Sales (including Excise Duty)* 118.64 123.32 456.97 473.09 Other operating income 1.36 0.77 4.94 4.00 Total Revenue 120.00 100
Slide 3: Trend in Revenue
Trend in Revenue Q4 FY2017-18 FY 2017-18 • Total revenue down by 3.3% • Total revenue down by 3.18% • Apparel sales quantity higher by 2.05% • Apparel sales quantity lower by 0.92% • Apparel sales realization lower by 2.1% • Apparel sales realization lower by at Rs. 911 per unit 2.49% at Rs. 943 per
Slide 4: Trend in Operating Profit
Trend in Operating Profit Q4 FY2017-18 FY 2017-18 • EBITDA lower at Rs.26.43 crores • EBITDA flat at Rs.98.28 crores • EBITDA margin down to 22.0% • EBITDA margin increased to 21.3% 160 30% 140 25% 120 20.7% 21.3% 100 20% 80 98.84 98.28 15% 60 10% 40 20 5% 0 0% FY 2017 FY 2018 EBITDA (Rs crs) EBITDA
Slide 5: Trend in Net Profit
Trend in Net Profit Q4 FY2017-18 FY 2017-18 • PAT lower at Rs. 19.47 crores • PAT lower at Rs.73.23 crores • PAT margin stood at 16.2% • PAT margin higher at 15.9% • Quarterly EPS at Rs. 15.8 (19.3) • FY 2018 EPS at Rs. 59.42 (60.52) 50.00 20.0% 45.00 22.0% 100.00 15.6% 18.0% 40.00 19.2% 15.9% 16.0%
Slide 6: Balance Sheet (Assets)
Balance Sheet (Assets) As at 31 March 2018 As at 31 March 2017 (Rs crs) (Audited) (Unaudited) Non-Current Assets Property, Plant and Equipment 67.56 62.50 Capital Work in Progress 9.09 7.24 Investment Property 1.52 1.60 Other Intangible Assets 0.50 0.45 Intangible Assets under Development 0.15 0.03
Slide 7: Balance Sheet (Liabilities)
Balance Sheet (Liabilities) As at 31 March 2018 As at 31 March 2017 (Rs crs) (Audited) (Unaudited) Equity Equity Share Capital 12.33 12.33 Other Equity 387.30 362.19 Total Equity 399.63 374.52 Non-Current Liabilities Provisions 0.07 0.08 Deferred Tax Liability 4.62 1.12 Other non-current liabilities
Slide 8: Ratios and Cash-flow Analysis
Ratios and Cash-flow Analysis Cash Flows (in Rs crs) FY 2018 Ratios 31:03:18 31:03:17 I. Cash Flow from Operating Activity 55.57 Debt Equity ratio 2.11 2.22 *Operating Profit before Working Capital Changes 98.55 *Adjustment for Working Capital (12.49) *Direct Taxes Paid (30.49) Current Ratio 0.12 0.
Slide 9: Brands: Q4 FY 2017-18
Brands : Q4 FY 2017-18 • Killer continues to be the flagship Sales (Rs crs) Q4 2018 Q4 2017 % Change brand with share of 53% in total sales • Easies grew by 21% Killer 62.63 61.79 1% Lawman 21.53 18.57 16% Brand wise sales break up Q4 FY 2018 Integriti 22.67 27.82 -19% 6% Q4 2017 51% 15% 23% Easies
Slide 10: Brands: FY 2017-18
Brands : FY 2017-18 • Sales for Killer brand for the year was Sales (Rs crs) FY 2018 FY 2017 % Change higher by 2% at Rs.244.4 crores • Easies grew by 15% during the year Killer 244.40 239.73 2% Lawman 75.89 86.36 -12% Brand wise sales break up FY 2018 Integriti 95.10 107.28 -11% 4% 5% FY 2017 51% 1
Slide 11: Products: FY Q4 2017-18
Products : FY Q4 2017-18 • Jeans continues to have the Sales (Rs crs) Q4 2018 Q4 2017 % Change dominant share, contributing 65% to sales • Sales from Shirts grew by 14% Jeans 77.28 79.75 -3% Shirts 21.52 18.92 14% Product wise sales break up Q4 FY 2018 Trousers 6.32 7.62 -17% 7% Q4 2017 66% 16% 6% 5
Slide 12: Products: FY 2017-18
Products : FY 2017-18 • Jeans continues to have the Sales (Rs crs) FY 2018 FY 2017 % Change dominant share, contributing 65% to sales Jeans 298.88 306.34 -2% • Shirts is the second largest product with a share of 17% Shirts 77.82 80.64 -3% Product wise sales break up FY 2018 Trousers 27.08 31.90 -15
Slide 13: Channels: Q4 2017-18
Channels : Q4 2017-18 • MBOs continues to be the largest Sales (Rs crs) Q4 2018 Q4 2017 % Change channel with 49% share • E-commerce segment sales have MBO 57.80 64.99 -11% grown by 160% • Sales from Factory outlet and Retail 24.69 26.58 -7% Overseas sales have doubled Channel wise sales break up Q4
Slide 14: Channels: FY 2017-18
Channels : FY 2017-18 • MBOs have maintained the largest Sales (Rs crs) FY 2018 FY 2017 % Change share of revenues of 51% of sales MBO 232.45 245.32 -5% • Sales from Factory outlets have grown by 63% annually Retail 95.79 101.56 -6% Channel wise sales break up FY 2018 National Chain Stores 61.00 72.
Slide 15: Regional Distribution: Q4 2017-18
Regional Distribution : Q4 2017-18 • East continues to be the dominant Sales (Rs crs) Q4 2018 Q4 2017 % Change region with 35% share East 39.06 43.22 -10% • South has shown strong growth of 15% West 23.10 23.96 -4% South 23.64 20.58 15% Region wise sales break up Q4 FY 2018 North 18.75 21.04 -11% Q4
Slide 16: Regional Distribution: FY 2017-18
Regional Distribution : FY 2017-18 • Eastern Region grew by 9% and has Sales (Rs crs) FY 2018 FY 2017 % Change maintained the largest share at 40% East 175.86 161.57 9% West 88.04 103.43 -15% South 73.51 84.29 -13% Region wise sales break up FY 2018 North 68.08 74.60 -9% FY 2017 36% 23% 19% 16% 6% C
Slide 17: Retail stores
Retail stores Particulars COCO COMFO FOFO Total K-Lounge 2 9 180 191 EBO 126 126 Factoy Outlet 1 1 Total 2 10 306 318 COCO - Company Owned Company Operated COMFO - Company Owned Management Franchisee Operated FOFO - Franchisee Owned Franchisee Operated Retail Stores (YTD) 31.03.18 31.03.17 Existing
Slide 18: Thank You
Thank You Disclaimer: Certain statements in this document or explanation thereof during discussions may be forward looking statements. Such forward looking statements are subject to certain risks and uncertainties like government actions, direct and indirect tax structures , local, political or econ
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