Kewal Kiran Clothing Limited · NSE:KKCL

Kewal Kiran Clothing — Q1 FY2024 Earnings Presentation

41 slides from Kewal Kiran Clothing's earnings presentation, 2023

  1. Slide 1: Corporate Presentation Q1FY24

    KILLER Di FINanciat overview « CORPORATE RRESENTATION Q1TFY24

  2. Slide 2: Slide 2

  3. Slide 3: Denim + Fashion brands

    year: Denim + Fashion < ° KILLER>K LAmaNrc? Zeasies Ointegrits Woes cur

  4. Slide 4: Q1 FY24 - Performance Highlights

    Q1 FY24 - Performance Highlights

  5. Slide 5: Q1 FY24: Key Financial Highlights

    Q1 FY24 : Key Financial Highlights Op. Revenue EBIDTA PAT 15.4% 16.4% 56.8% 19.0% 19.1% 13.9% 17.9% 178.4 34.1 ₹ Cr 33.8 21.6 154.5 29.3 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Sales Growth Consistent Op. Margins 5

  6. Slide 6: Profitability Highlights

    Profitability Highlights Y-O-Y Particulars (₹ Cr) Q1 FY24 Q1 FY23 Q4 FY23 FY23 % Change Revenue from Operations 178.4 154.5 15.4% 199.5 779.5 COGS 101.64 87.7 110.3 448.9 Gross Profit (GP) 76.8 66.8 89.2 330.6 GP Margin 43.0% 43.2% 44.7% 42.4% Employee Expenses 25.96 23.0 25.3 97.9 Administrative &

  7. Slide 7: Balance Sheet Overview

    Balance Sheet Overview As at As at As at As at Particulars (₹ Cr) Particulars (₹ Cr) June 2023 Mar 2023 June 2023 Mar 2023 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant and Equipment 84.7 83.9 Right of Use Asset 17.5 16.0 Equity Share Capital 61.6 61.6 Capital work-in-progr

  8. Slide 8: Operational Matrix

    Operational Matrix Q1FY24 ₹ Cr 57.0% 14.6% 5.0% 4.3% 19.1% Q1FY23 56.8% 14.9% 5.2% 4.2% 19.0% FY23 57.6% 12.6% 4.7% 5.7% 19.5% 8

  9. Slide 9: Product Category Performance

    Product Category Performance Product Wise Sales Contribution 6.4% 5.3% 5.0% 5.3% 8.9% 10.0% Q1FY24 Q1FY23 53.2% 54.6% 25.1% 26.2% Qty Sales / Sales Realisation Q1 FY24 Q1 FY23 FY23 Apparel and Lifestyle Accessories/Products Sales Qty 30.4 23.3 110.7 (Units in Lakhs) Apparel Units (% of Total Qty Sal

  10. Slide 10: Channelwise Sales Performance

    Channelwise Sales Performance 57.6% 57.4% 42.4% 42.6% Q1FY23 Q1FY24 : EBO / LFS : MBO / E-Com / Exports / Factory & Seconds 10

  11. Slide 11: EBO Network Update

    EBO Network Update EBO Addition Killer EBO – Udaipur, Rajasthan COCO/COFO Particulars FOFO Nos. Total Nos. Nos. As on April 01 2022 25 331 356 As on April 01 2023 28 425 453 Break up of EBOs • Killer Brand EBOs : 249 As on June 30, 2023 27 427 454 • K-Lounge : 184 Mix of COCO / COFO / FOFO stores (w

  12. Slide 12: Select Recent EBO Openings

    Raipur, Chattisgarh Telangana Mau, Uttar Pradesh Select Recent EBO Openings Dibrugarh, Assam Dombivali, Mumbai, Maharashtra Bharuch, Gujarat

  13. Slide 13: KKCL: Corporate Overview

    KKCL : Corporate Overview

  14. Slide 14: Designing Success - Since 1980's

    Designing Success - Since 1980’s 1st Flagship Store at Dadar (Mumbai, India) Journey from a Denim Focused Brand to establishing Lifestyle Brand (s) Journey continues . . . 1989 2002 2006 2023 Launched “Killer” Brand Launched “Integriti” Brand Company’s IPO BCCI Sponsorship – Brand Killer 1980 1998 2

  15. Slide 15: Driven by Sustainable Business Ethos

    Driven by Sustainable Business Ethos MISSION : VISION : ❖ Driving excellence through - people, business partners and other stakeholders To be a world-class business organization which enables ❖ Focusing on consumer satisfaction and executing a customer-centric business module value, best services an

  16. Slide 16: Supported by Focused & Experienced Board

    Supported by Focused & Experienced Board Kewalchand P. Jain, CMD • Finance Function Hemant P. Jain, Jt. MD Dinesh P. Jain, Director Vikas P. Jain, Director • Governance & Compliances • Support Functions • Vision & Strategy • Killer Brand • Manufacturing Planning & • Lawman Brand • Easies Brand Opera

  17. Slide 17: Riding on Key Competitive Success Factors

    Riding on Key Competitive Success Factors Established Brand Portfolio 1 Financial Advantage 4 Benefiting End Consumer Widespread Attractive Quality Products Product Leading to at Distribution Innovation Sharp Prices 2 Competitive Advantage 3 In-House Manufacturing & Technical Capabilities 17

  18. Slide 18: KKCL's New Dawn of Growth

    KKCL’s New Dawn of Growth Growing of Brand Focused EBOs Increase Visibility & Growing Coverage Expansion of Increased Support towards Product Category Marketing & Distribution Aids Revenue Diversification and Increased Shelf Space Increased support to distribution channel & Higher Marketing Spend Ad

  19. Slide 19: KKCL: Established Brand Portfolio

    1 KKCL : Established Brand Portfolio

  20. Slide 20: KKCL: Brand Powerhouse

    KKCL : Brand Powerhouse 1 Flagship Brand catering to Premium Luxury segment 2 Premium Mid Market Segment Brand 3 Fashion/Partywear Brand Focused on Mid Market Segment 4 Targeted Premium Mass Market Brand 5 Focused Women Wear Brand Denims : Label Tagging an important marketing tool 20

  21. Slide 21: Across Age, Personality, Occasion

    Across Age Across Personality Across Occasion

  22. Slide 22: KKCL: Product Innovation

    2 KKCL : Product Innovation

  23. Slide 23: Wide Product Portfolio capitalising on Established Brands

    Wide Product Portfolio capitalising on Established Brands T-shirts Winterwear Casual Blazer Widening Product Portfolio with Rising Brand Aspiration Shirts Lifestyle Brand Bottom wear to Top Wear To Accessories To being Athleisure Trousers Accessories From being Denim Focused 23

  24. Slide 24: Product Wise Sales Performance

    Product Wise Sales Performance 7.7% 4.9% 18.9% 9.7% 4.5% FY19 6.4% FY21 51.6% 16.6% 61.1% 13.8% 18.6% 4.8% FY23 8.7% 51.2% 10.6% 12.6% 5.4% 5.0% 21.5% 8.7% 7.8% FY20 FY22 56.3% 57.1% 18.2% 18.3% 24

  25. Slide 25: KKCL: In-House Manufacturing & Technical Capabilities

    3 KKCL : In-House Manufacturing & Technical Capabilities

  26. Slide 26: Manufacturing: A Key MOAT for KKCL

    Manufacturing : A Key MOAT for KKCL IN-HOUSE CAPABILTIES : Designing – Procurement – Washing – Stitching – Labelling – Packing – Retail • State of the Art manufacturing capabilities : Technology led manufacturing units equipped with advanced machinery, helping us offer the best products to our custo

  27. Slide 27: Latest Mfg. Technology with Environment Friendly Practices

    Latest Mfg. Technology with Environment Friendly Practices • Use of High end Machines with objective to Conserve Water, Purify Chemicals and save resources like time and energy • Adopt certified green chemicals, latest blue technology and energy conservation initiatives to be one of the best environ

  28. Slide 28: KKCL: Widespread Distribution

    4 KKCL : Widespread Distribution

  29. Slide 29: Growing Distribution Coverage

    Growing Distribution Coverage EBOs Widespread Distribution across Channels 454 EBO (COCO/COFO : 27 , FOFO : 427) Exports LFS Widespread MBO presence through traditional MBO Distributional Channel : 80+ Distributors covering ~3,000+ MBOs across India Widespread Coverage through Select Key Stores: Rel

  30. Slide 30: Channel Wise Sales Contribution

    Channel Wise Sales Contribution Brand recognition driving market Pull Strategy Playing it with a flexible Profit oriented & Balanced Market Strategy 58.6% 56.7% 58.1% 51.9% 61.0% 41.4% 43.3% 41.9% 48.1% 39.0% FY19 FY20 FY21 FY22 FY23 : EBO / LFS : MBO / E-Com / Exports / Factory & Seconds 30

  31. Slide 31: KKCL: Sustainable Financial Performance

    KKCL : Sustainable Financial Performance

  32. Slide 32: Sales Volume & Realisation

    Sales Volume & Realisation 110.7 89.8 84.0 83.0 57.8 Apparel and Lifestyle 23.3% Accessories/ Products Sales Qty (Y-o-Y) Growth (Units in Lakhs) FY19 FY20 FY21 FY22 FY23 Sales Realisation 591 633 520 674 700 (₹ per unit) Apparel Sale Qty 60.5% 64.2% 60.7% 76.2% 72.7% 32

  33. Slide 33: Consistent Robust Financial Performance

    Consistent Robust Financial Performance Revenue from Operations 350.0 52.0% Gross Profit 60.0% 50.5% 300.0 50.0% 40.5% 41.0% 42.4% 250.0 779.5 40.0% 200.0 607.6 30.0% 502.4 529.7 150.0 330.6 261.2 267.6 248.9 20.0% 302.7 100.0 50.0 122.7 10.0% - 0.0% ₹ Cr FY19 FY20 FY21 FY22 FY23 ₹ Cr FY19 FY20 FY21

  34. Slide 34: Consistent Robust Financial Performance (contd.)

    Consistent Robust Financial Performance (contd.) Working Capital Days – Improving Efficiencies Strong Balance Sheet Strength ₹ Cr 175 Particulars FY22 FY23 Q1FY24 157 146 138 135 Cash & Cash Equivalent / 205.1 181.1 184.7 Bank Deposits Investments 137.3 149.4 157.6 Total Debt 76.7 50.8 34.6 Net Cash

  35. Slide 35: KKCL: Marketing Focused Approach

    KKCL : Marketing Focused Approach

  36. Slide 36: Brand DNA

    Increased Brand Awareness Campaign Brands are the centre of Communication Strategy Attitude • Brand Positioning Corporate happenings BRAND DNA • Brand Traits Glamour College Festivals • Short term and Long term goals of each Brand Women Westernwear • Mode of Advertising : Preferred mode of advertisi

  37. Slide 37: Killer: this is us

    KILLER dK this is us

  38. Slide 38: Strengthening Channel Partnerships

    Strengthening Channel Partnerships • Bi-Annual Trade Shows for Key Fashion Seasons - Helps to connect in-person with channel parnters - Feedback sharing - Better Supply Chain planning on account of Order Bookings - Lesser risks towards dead Inventory • Increased Support for Channel Partners - EOSS s

  39. Slide 39: Recent Awards & Accolades

    Recent Awards & Accolades Economic Times : Asian Business Leaders 2022-23 India’s Retail Champ Award – Retailers Association of India (RAI) Economic Times : Iconic Brands of India 2022 39

  40. Slide 40: 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

  41. Slide 41: Thank You

    Thank You Investor Relations Advisor Marathon Capital Advisory Private Limited 460/7, I.B. Patel Road, Kewal Kiran Estate, Goregaon (East), Mumbai 400063 Rahul Porwal (99675 76900 / rahul@marathoncapital.in) Bhavin Ranawat (9819345619 / bhavin@marathoncapital.in)

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