Kewal Kiran Clothing Limited · NSE:KKCL
Kewal Kiran Clothing — Q3 FY2026 Earnings Presentation
33 slides from Kewal Kiran Clothing's earnings presentation, Feb 10, 2026
Slide 1: Regulation 30 disclosure letter to stock exchanges
KEWAL KIRAN CLOTHING LIMITED Registered & Corporate Office: - Kewal Kiran Estate, 460/7, I.B. Patel Road, Goregaon (E), Mumbai: 400 063 Tel No. +91 22 26814400 Fax No. +91 22 26814410 CIN No. L18101MH1992PLC065136 website: www.kewalkiran.com Date: February 10, 2026 To, National Stock Exchange of Ind
Slide 2: Investor Presentation
K<lk<ce KEWAL KIRAN CLOTHING LIMITED Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Kewal Kiran Clothing Limited (the “Company”) solely for information purposes without regard to any specific objectives, financial situations or informational needs of any particular person. By attending the meeting where this presentation is being ma
Slide 4: Agenda: Q3 & 9M FY26 Update, Vision FY 2028, Corporate Overview
1 Q3 & 9M FY26 Update 2 Vision FY 2028 3 Corporate Overview 4 Success Cornerstones 5 Financial Excellence 3
Slide 5: Q3 & 9M FY26 Update
<i<Ce KEWAL KIRAN CLOTHING LIMITED Q3 & 9M FY26 Update LAWAN Orntegnit: Zeasies
Slide 6: Q3 & 9M FY26: Key Financial Highlights (Consolidated)
Q3 & 9M FY26 : Key Financial Highlights (Consolidated) Revenues EBITDA PAT 18.0% 34.2% (₹ in Crores) 45.3% (₹ in Crores) (₹ in Crores) (Y-o-Y) (Y-o-Y) (Y-o-Y) 301.1 63.0 37.9 46.9 26.1 Q3’FY26 255.2 18.4% 20.9% 10.2% 12.5% Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Revenues EBITDA PAT (₹
Slide 7: Q3 & 9M FY26: P&L Highlights (Consolidated)
Q3 & 9M’FY26 : P&L Highlights (Consolidated) Y-O-Y Y-O-Y Particulars (₹ Cr) Q3’FY26 Q3’FY25 Q2’FY26 9M’FY26 9M’FY25 FY25 % Change % Change Revenue from Operations 301.1 255.2 18.0% 354.1 889.0 714.6 24.4% 1,002.77 COGS 170.1 149.5 204.9 510.1 411.5 586.2 Gross Profit (GP) 131.1 105.6 24.1% 149.2 378
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet As at As at As at As at Particulars (₹ Cr) Particulars (₹ Cr) Dec 2025 Mar 2025 Dec 2025 Mar 2025 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant and Equipment 176.9 171.8 Right of Use Asset 79.8 56.8 Equity Share Capital 61.6 61.6 Capital work-in-p
Slide 9: Q3 (Y-o-Y): Operational Matrix
Q3 (Y-o-Y) : Operational Matrix 56.5% 14.7% 4.5% 3.3% 20.9% 301.1 Q3’FY26 63.0 (170.1) (44.4) (13.7) (10.0) ₹ in Crores Net Sales COGS Employee Exp. Admn & Oth. Exp. S&D Exp. EBIDTA 58.6% 14.4% 3.3% 5.3% 18.4% 255.2 Q3’FY25 46.9 (149.5) (36.6) (8.5) (13.6) ₹ in Crores Net Sales COGS Employee Exp. Ad
Slide 10: 9M (Y-o-Y): Operational Matrix
9M (Y-o-Y) : Operational Matrix 57.4% 14.4% 4.0% 4.4% 19.7% 889.0 9M’FY26 175.5 (510.1) (128.1) (36.0) (39.2) ₹ in Crores Net Sales COGS Employee Exp. Admn & Oth. Exp. S&D Exp. EBIDTA 57.6% 13.9% 4.1% 5.1% 19.4% 714.6 9M’FY25 138.5 (411.5) (99.2) (29.3) (36.2) ₹ in Crores Net Sales COGS Employee Exp
Slide 11: Q3 & 9M: Product Category & Volume Performance
Q3 & 9M (Y-o-Y) : Product Category & Volume Performance Volume Growth : 15.3% Volume Growth : 9.1% Product % of Sales 20% 16% 16% 25% 3% 5% 4% 2% 13% 11% 12% 9% 19% 20% 20% 18% 45% 44% 48% 48% Q3’FY26 Q3’FY25 9M’FY26 9M’FY25 Qty Sales / Sales Realisation Q3’FY26 Q3’FY25 9M’FY26 9M”FY25 Volume Qty Sa
Slide 12: Q3 & 9M: Channel Wise Performance
Q3 & 9M FY (Y-o-Y) : Channel Wise Performance Channel Wise % of Sales 40% 39% 44% 46% 60% 61% 56% 54% Q3FY26 Q3FY25 9MFY26 9MFY25 Retail Non-Retail Retail : EBO + LFS Non-Retail : MBO + E-Comm + Factory Outlet + Exports EBO Store Net 666 Addition + + + + + + 14 121 14 29 97 35 57 Stores 356 Net Addi
Slide 13: EBOs: Retail Expansion
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Slide 14: Vision FY 2028
Vision FY 2028 India’s fashion landscape is undergoing a radical transformation - driven by digital disruption, premiumisation of consumption, increasing fashion consciousness in Tier 2/3 cities, and global interest in Indian brands At KKCL, we are not just keeping pace — we are shaping that very fu
Slide 15: Vision FY 2028 targets: ₹1,500 crs revenue
Vision FY 2028 Revenue FY2028 FY2025 ₹ 1,002 crs ₹ 1,500 crs + Healthy Operating Margin 17% - 18% + FY 25 FY28 Target 609 EBOs 900 EBOs 14
Slide 16: Vision FY 2028 - Holistic Growth Framework
Vision FY 2028 - Holistic Growth Framework Channel Strategic Growth 01 02 Recalibration & Expansion Avenues ❖ Tech Enabled Demand Forecasting : GOING THAT EXTRA MILE • Utilising large language model to understand binary data on day to day consumer shopping behaviour & predicting what they might want
Slide 17: Vision FY 2028 - Discovering New Horizons
Vision FY 2028 - Discovering New Horizons Presence Pivot Vacuum Menswear Womenswear Kidswear Boys Girls • Denims • Casual wear • Athleisure/Active wear • Semi Formal • Formals • Ethnic • Accessories 16
Slide 18: Corporate Overview
K<i<cCe KEWAL KIRAN CLOTHING LIMITED Corporate Overview LAWAN Ontegniti KILLER KK Zeasies KILLER DIK @kRAuUS
Slide 19: Elevating Fashion: From Designing to Retail
Elevating Fashion: From Designing to Retail Timeless fashion, Timeless legacy: 40+ years of Crafting Fashion Lifestyle Experiences Amongst few homegrown Icons, that transcends fashion trends and offering holistic portfolio spanning across Menswear, Womenswear and Kidswear Comprehensive Ecosystem wit
Slide 20: Seasoned Board with Diverse Expertise
Seasoned Board with Diverse Expertise EXECUTIVE INDEPENDENT BUSINESS ETHOS Kewalchand P. Jain Paresh H. Clerk CMD Independent Director MORALITY - Vision & Growth Strategy - Partner in Bansi S. Mehta & Co. - Oversees Finance, Accounts & HR - Member of the Accounting and RIGHTNESS functions Auditing C
Slide 21: Success Cornerstones
K<i<cCe KEWAL KIRAN CLOTHING LIMITED Success Cornerstones LAWWAN Omtegnt’ KILLERDK = Zeasies Ditrone | OKRAUS
Slide 22: Diversified Brand Portfolio for every Age & Gender
Diversified Brand Portfolio for every Age & Gender Flagship Brand catering to Premium Segment Premium Semi Formal Wear Focused Brand D I Brands D2C Fast Fashion Brand S T Styles I N C Pricing Mid Market Brand T Kidswear – Boys Focused Brand Focused Women’s Denim & Casual wear Brand 21
Slide 23: Broadening Horizons - Wide Product Offerings
Broadening Horizons - Wide Product Offerings 22
Slide 24: Manufacturing Prowess: Building a Sustainable Moat
Manufacturing Prowess : Building a Sustainable Moat ❖ State-of-the-art facilities harnessing technology for sustainable production − Adopt certified green chemicals, latest blue technology and energy conservation initiatives − Use of Ozone System for Denim Wash ▪ Certified ISO 9000:2008 ▪ Vapi facil
Slide 25: Streamlined Operations: Design to Retail Excellence
Streamlined Operations : Design to Retail Excellence ❖ Trend Forecasting with International Designers onboard Conceptualization • Understanding global and local fashion trends Designing with Purpose • Customer-Centric Designs • Align with Brand’s core values ❖ Fabric Composition & Sourcing : Sourcin
Slide 26: Growing Footprint Optimising Network
Growing Footprint Optimising Network Brand Dec-25 Killer 456 666 Stores EBOs K-Lounge 93 Balanced Growth Strategy • COCO/COFO : 122 Stores Lawman + Integriti 93 • FOFO : 544 Stores Kraus 23 • Expanding Brand Focused EBOs Factory Outlet 1 • Varied Price Offerings to capitalise on growing 80+ Distribu
Slide 27: Financial Excellence
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Slide 28: Growing Financial Strength (Consolidated)
Growing Financial Strength (Consolidated) Revenues EBIDTA PAT 78.8% (₹ in Crores) 65.7% (₹ in Crores) 34.9% (₹ in Crores) (CAGR) (CAGR) (CAGR) 1,002.8 20.6% 19.0% 154.1 149.2 19.5% 190.6 14.9% 17.2% 860.5 177.1 14.2% 779.5 16.5% 13.1% 119.0 151.9 607.6 81.6 100.0 6.2% 302.7 6.2% 19.8 18.7 FY21
Slide 29: Sales Break up & Volume Analysis
Sales Break up & Volume Analysis Product wise Revenue Break-up Channel wise Revenue Break-up Retail : EBO + LFS (%) (%) Non-Retail : MBO + E-Comm + Factory Outlet + Exports 13% 14% 13% 15% 19% 5% 5% 5% 6% 5% 8% 9% 8% 6% 12% 52% 46% 58% 53% 18% 61% 19% 22% 22% Non-Retail 21% Retail 52% 56% 51% 53% 54
Slide 30: Historical P&L (Consolidated)
Historical P&L (Consolidated) Particulars (₹ Crores) FY21 FY22 FY23 FY24 FY25 Revenue from Operations 302.7 607.6 779.5 860.5 1,002.8 COGS 180.1 358.7 448.9 487.1 586.2 Gross Profit (GP) 122.7 248.9 330.6 373.3 416.5 GP Margin % 40.5% 41.0% 42.4% 43.4% 41.5% Employee Expenses 52.6 79.8 97.9 105.3 13
Slide 31: Historical Balance Sheet (Consolidated)
Historical Balance Sheet (Consolidated) As at As at As at As at As at As at As at As at As at As at Particulars (₹ in Crores) Particulars (₹ in Crores ) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 ASSETS EQUITY AND LIABILITIES Equity Non-Current Assets P
Slide 32: Historical Cash Flow (Consolidated)
Historical Cash Flow (Consolidated) Particulars (₹ Crores) FY21 FY22 FY23 FY24 FY25 PBT 22.6 105.3 156.9 199.2 197.6 Adjustments 3.9 1.5 (0.2) (13.7) (8.5) Operating Profit Before Working Capital Changes 26.5 106.9 156.7 185.5 189.1 Changes in Working Capital 73.9 (26.5) (46.6) (10.1) (140.9) 100.4
Slide 33: Thank You
Thank You 460/7, I.B. Patel Road, Kewal Kiran Estate, Goregaon (East), Mumbai 400063 Investor Relations Advisor Marathon Capital Advisory Private Limited Rahul Porwal (+91-99675 76900 / rahul@marathoncapital.in) Bhavin Ranawat (+91-9819345619 / bhavin@marathoncapital.in)
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