Kewal Kiran Clothing Limited · NSE:KKCL
Kewal Kiran Clothing — H1 FY25 Earnings Presentation
29 slides from Kewal Kiran Clothing's earnings presentation
Slide 1: Investor Presentation
INVESIORE” 4s QS CREE ab Cn oS 2 : LAWMAN Omtegnt: | Zeasies
Slide 2: Q2 & H1 Performance Highlights
1 Q2 & H1 Performance Highlights 2
Slide 3: Q2 & H1 FY25: Key Financial Highlights (Consolidated)
Q2 & H1 FY25 : Key Financial Highlights (Consolidated) Q2 Revenues 308.2 EBIDTA 63.9 PAT 67.7 (₹ in Crores) 17.4% (₹ in Crores) 3.6% (₹ in Crores) 36.2% (Y-o-Y) (Y-o-Y) (Y-o-Y) 308.2 63.9 67.7 49.7 262.5 61.7 23.5% 20.7% 18.3% 19.8% Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 H1 Revenues 4
Slide 4: Consolidated Profitability Highlights – Q2 & H1 FY25
Consolidated Profitability Highlights – Q2 & H1 FY25 Y-O-Y Y-O-Y Particulars (₹ Cr) Q2 FY25 Q2 FY24 Q1 FY25 H1 FY25 H1 FY24 FY24 % Change % Change Revenue from Operations 308.2 262.5 17.4% 151.2 459.5 440.9 4.2% 860.5 COGS 179.4 150.5 82.6 262.0 252.2 487.1 Gross Profit (GP) 128.8 111.9 68.7 197.5 1
Slide 5: Consolidated Balance Sheet Overview – Q2 & H1 FY25
Consolidated Balance Sheet Overview – Q2 & H1 FY25 As at As at As at As at Particulars (₹ Cr) Particulars (₹ Cr) Sep 2024 Mar 2024 Sep 2024 Mar 2024 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant and Equipment 98.9 96.7 Right of Use Asset 38.5 19.0 Equity Share Capital 61.6
Slide 6: Q2 (Y-o-Y): Operational Matrix
Q2 (Y-o-Y) : Operational Matrix 58.2% 12.1% 3.5% 5.4% 20.7% Q2 FY25 ₹ Cr 57.3% 9.9% 4.5% 4.7% 23.5% Q2 FY24 ₹ Cr 6
Slide 7: H1 (Y-o-Y): Operational Matrix
H1 (Y-o-Y) : Operational Matrix 57.0% 13.6% 4.5% 4.9% 19.9% H1 FY25 ₹ Cr 57.2% 11.8% 4.7% 4.5% 21.7% H1 FY24 ₹ Cr 7
Slide 8: Q2 & H1 FY25 (Y-o-Y): Product Category Performance
Q2 & H1 FY25 (Y-o-Y) : Product Category Performance 10.3% 16.8% 12.9% 13.9% 4.4% 4.1% 4.8% 8.4% 4.3% 48.6% 50.4% 8.0% Q2 FY25 Q2 FY24 11.3% H1 FY25 H1 FY24 12.3% 55.3% 55.0% 21.9% 19.7% 19.6% 18.0% Qty Sales / Sales Realisation Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 FY24 Volume Qty Sales 58.3 38.5 82.9 68.
Slide 9: Q2 & H1 FY25 (Y-o-Y): Channel wise Performance
Q2 & H1 FY25 (Y-o-Y) : Channel wise Performance Channel wise Sales Break up % 46.2% 53.0% 49.1% 54.8% 53.8% 47.0% 50.9% 45.2% Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 Retail Non-Retail EBO Details COCO/COFO Particulars FOFO Nos. Total Nos. Nos. Break up of EBOs As on March 31, 2024 28 460 488 • Killer Brand
Slide 10: Lifestyle Brand Powerhouse
Womenswear Menswear Lifestyle Brand Powerhouse 10
Slide 11: Corporate Overview
2 Corporate Overview India’s Fashion Lifestyle Company 11
Slide 12: Manufacturing to Retail – Lifestyle Fashion Play
Manufacturing to Retail – Lifestyle Fashion Play • Amongst few home grown successful Apparel Brand with over 4 Decades of experience of creating Fashion • Domestically created Brand with International Perception – Stood the test of times with evolving Denim culture • Integrated Play with in-house De
Slide 13: Comprehensive brand portfolio and new initiatives
“ Our comprehensive brand portfolio play in the Indian fashion industry and new initiatives have demonstrated signs of success with the inherent strength of our balance sheet. Continuing with this philosophy and with an objective to build a comprehensive portfolio we recently forayed into kids wear
Slide 14: Experienced Board with Diverse Background
Experienced Board with Diverse Background Executive Kewalchand P. Jain Hemant P. Jain Dinesh P. Jain Vikas P. Jain CMD Jt. Managing Director Whole Time Director Whole Time Director Independent Paresh H. Clerk Jayraj S. Sheth Vivek K. Shiralkar Ushma Sheth Sule Independent Director Independent Direct
Slide 15: KKCL’s Pillars of Success
3 KKCL’s Pillars of Success Standing against the Odds 15
Slide 16: Balanced Brand Portfolio
Balanced Brand Portfolio Flagship Brand Premium Mid Market Fashion / Partywear Mid Premium Mass Focused Kidswear Focused Women’s catering to Premium Segment Brand Market Segment Brand Market Brand Brand Denim & Casual wear Luxury segment Brand Brands with Distinct Identity catering to varying Price
Slide 17: Widening Product Portfolio – Evolving to Lifestyle Brand
Widening Product Portfolio – Evolving to Lifestyle Brand Trousers T-shirts Shirts Denim Focused Winterwear From being To being Athleisure Casual Blazers Accessories & further evolving . . . Lifestyle Branded Player Bottom Wear to Top Wear to Accessories 17
Slide 18: Abreast with latest trends in Fashion
Abreast with latest trends in Fashion Innovation Continuously endeavoured to innovate which has helped to maintain our position as one of the leading branded apparel makers and climb higher 18
Slide 19: Unparalleled Manufacturing Capabilities: Key MOAT
Unparalled Manufacturing Capabilities : Key MOAT • Technology led manufacturing units equipped with Advanced and High end Machines with objective to Conserve Water and Purify Chemicals • Assisted by international professionals to lead our research and technology wing • Years of Experience with stron
Slide 20: Growing Distribution Coverage with Balanced Approach
Growing Distribution Coverage with Balanced Approach Balanced Growth Strategy • Expanding Brand Focused EBOs • Varied Price Offerings to capitalise on growing LFS presence across EBOs price points MBOs 534 • Restrategise on K-Lounge stores LFS • COCO/COFO : 52 • Selective & Hedged E-Commerce E-Com 8
Slide 21: Sustainable Financial Performance
4 Sustainable Financial Performance Aiming for Profitable High Sales Growth 21
Slide 22: Sustainable Business Performance
Sustainable Business Performance Revenues Gross Profit EBIDTA PAT (₹ in Crores) 860.5 (₹ in Crores) 373.3 (₹ in Crores) 177.2 (₹ in Crores) 154.5 10.4% 12.9% 16.6% 29.5% ^(Y-o-Y Growth) ^(Y-o-Y Growth) ^(Y-o-Y Growth) ^(Y-o-Y Growth) CAGR : 13% CAGR : 9% CAGR : 17% CAGR : 21% 373.3 177.2 154.5 860.5
Slide 23: Balance Sheet Strength
Balance Sheet Strength ROCE ROE Working Capital (In %) (In %) (In Days) 29.1% 25.2% 175 26.7% 23.3% 146 138 135 19.2% 19.6% 16.7% 17.9% 102 6.0% 4.4% FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Net Financial Position (In ₹ Cr) Particulars (₹ Cr) Sep-24 Mar-24 Cash & In
Slide 24: Key Sales Metrics
Key Sales Metrics Channel Break up Product Category Break up (% of Sales Mix) (% of Sales Mix) 11% 13% 14% 13% 19% 5% 5% 5% 5% 43% 39% 42% 9% 5% 8% 9% 8% 48% 47% 6% 18% 18% 22% 19% 22% 57% 61% 58% 57% 56% 53% 52% 53% 52% 51% FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Non-Retail Retail Jeans S
Slide 25: Volume & Realisation Analysis
Volume & Realisation Analysis 134.3 110.7 89.8 83.0 Volume Sales Qty 57.8 21% (Unit : In Lakhs) (Y-o-Y) Growth CAGR : 13% FY20 FY21 FY22 FY23 FY24 Sales Realisation 633 520 674 700 637 (Unit : In ₹ ) Apparel Volume Qty % 64% 61% 76% 73% 66% 25
Slide 26: Historical Standalone Financial Overview – P&L
Historical Standalone Financial Overview – P&L Particulars (₹ Cr) FY20 FY21 FY22 FY23 FY24 CAGR Revenue from Operations 529.7 302.7 607.6 779.5 860.5 12.9% COGS 262.1 180.1 358.7 448.9 487.1 Gross Profit (GP) 267.6 122.7 248.9 330.6 373.3 GP Margin 50.5% 40.5% 41.0% 42.4% 43.4% Employee Expenses 71.
Slide 27: Historical Standalone Financial Overview – Balance Sheet
Historical Standalone Financial Overview – Balance Sheet As at As at As at As at As at As at As at As at As at As at Particulars (₹ Cr) Particulars (₹ Cr) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity
Slide 28: Historical Standalone Financial Overview – Cash Flow
Historical Standalone Financial Overview – Cash Flow Particulars (₹ Cr) FY20 FY21 FY22 FY23 FY24 PBT 95.6 22.2 105.3 157.1 199.7 Adjustments 2.0 4.3 1.5 (0.4) (14.1) Operating Profit before working capital changes 97.6 26.5 106.9 156.7 185.6 Changes in Working Capital (23.7) 73.9 (26.5) (46.7) (10.1
Slide 29: Thank You
THANK YOU Investor Relations Advisor 460/7, I.B. Patel Road, Kewal Kiran Estate, Marathon Capital Advisory Private Limited Goregaon (East), Mumbai 400063 Rahul Porwal (+91-99675 76900 / rahul@marathoncapital.in) Bhavin Ranawat (+91-9819345619 / bhavin@marathoncapital.in) 29