Kewal Kiran Clothing Limited · NSE:KKCL
Kewal Kiran Clothing — Q4 FY2026 Earnings Presentation
33 slides from Kewal Kiran Clothing's earnings presentation, May 9, 2026
Slide 1: Stock exchange cover letter for Q4 & FY26 investor presentation
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: May 9, 2026 To, National Stock Exchange of India BS
Slide 2: Investor Presentation Q4 & FY 2026
<li<Cf KEWAL KIRAN CLOTHING LIMITED Investor Presentation Q4 & FY 2026
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: Table of Contents
Table of Contents 1 Q4 & FY26 Update 2 Corporate Overview 3 Propellors of Growth 4 Financial Excellence 3
Slide 5: Q4 & FY26 - Update
Q4 & FY26 - Update KEWAL KIRAN CLOTHING LIMITED
Slide 6: Q4 & FY 2026 – Financial Highlights
Q4 & FY 2026 – Financial Highlights Operating Revenues EBIDTA Profit After Tax (PAT) 323.8 61.7 34.5 288.1 52.1 30.2 12.4% 18.4% 18.1% 19.1% 14.2% 10.4% 10.7% Q4 Q4 FY25 Q4 FY26 (Y-o-Y) Q4 FY25 Q4 FY26 (Y-o-Y) Q4 FY25 Q4 FY26 (Y-o-Y) 1,212.8 1,002.8 PAT for the year 237.9 190.6 moderated due t
Slide 7: Q4 & FY 2026 - P&L Highlights
Q4 & FY 2026 - P&L Highlights Y-O-Y Y-O-Y Particulars (₹ Cr) Q4 FY26 Q4 FY25 Q3 FY26 FY26 FY25 % Change % Change Revenue from Operations 323.8 288.1 12.4% 301.1 1,212.8 1,002.8 20.9% COGS 191.1 175.2 170.1 701.2 586.2 Gross Profit (GP) 132.8 113.0 17.5% 131.1 511.6 416.5 22.8% GP Margin 41.0% 39.2%
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet As at As at As at As at Particulars (₹ Cr) Particulars (₹ Cr) Mar 2026 Mar 2025 Mar 2026 Mar 2025 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant and Equipment 175.2 171.8 Right of Use Asset 80.5 56.8 Equity Share Capital 61.6 61.6 Capital work-in-p
Slide 9: Key Operational Matrix - Q4'FY26
Key Operational Matrix - Q4’FY26 59.0% 13.4% 3.4% 5.1% 19.1% 323.8 Q4’FY26 61.7 (191.1) (43.4) (11.1) (16.6) Net Sales COGS Employee Exp. Admn & Oth. Exp. S&D Exp. EBIDTA 60.8% 12.9% 3.7% 4.5% 18.1% 288.1 Q4’FY25 52.1 (175.2) (37.3) (10.7) (12.9) Net Sales COGS Employee Exp. Admn & Oth. Exp. S&D Exp
Slide 10: Key Operational Matrix - FY26
Key Operational Matrix - FY26 57.8% 14.1% 3.8% 4.6% 19.6% 1,212.8 FY26 237.9 (701.2) (171.5) (46.4) (55.8) Net Sales COGS Employee Exp. Admn & Oth. Exp. S&D Exp. EBIDTA 58.5% 13.6% 4.0% 4.9% 19.0% 1,002.8 FY25 190.6 (586.2) (136.4) (40.4) (49.0) Net Sales COGS Employee Exp. Admn & Oth. Exp. S&D Exp.
Slide 11: Revenue Mix - Product Category
Revenue Mix - Product Category % of Sales 6% 11% 15% 13% 10% 6% 10% 6% 10% 10% 12% 12% 25% 22% 21% 25% 48% 46% 48% 42% Q4FY26 Q4FY25 FY26 FY25 Qty Sales / Sales Realisation Q4’FY26 Q4’FY25 FY26 FY25 Volume Qty Sales 48.9 47.4 180.1 167.8 (Units in Lakhs) Apparel Units 73.6% 71.5% 72.0% 66.7% (% of T
Slide 12: Revenue Mix - Channel
Revenue Mix - Channel Channel Wise - % of Sales 45% 47% 44% 46% Non-Retail Retail 55% 53% 56% 54% Q4 FY26 Q4 FY25 FY26 FY25 Retail : EBO + LFS Non-Retail : MBO + E-Comm + Factory Outlet + Exports EBO Store Net Addition 57 666 121 14 29 14 0 97 35 356 11 FY22 FY23 FY24 FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY2
Slide 13: Corporate Overview
_ LAvAN BM KILLER Zeasies —illiene | OKRAUS Corporate Overview K<i<Cu KEWAL KIRAN CLOTHING LIMITED
Slide 14: Scaled, Integrated & Future-Ready Fashion Platform
Scaled, Integrated & Future-Ready Fashion Platform • 40+ years of fashion lifestyle leadership • Presence across Menswear, Womenswear & Boyswear • Trusted homegrown brand with strong recall • Positioned as complete family lifestyle brand • Consistent evolution across fashion cycles • Reduced depende
Slide 15: Board of Directors: Steering Growth
Board of Directors: Steering Growth EXECUTIVE BOARD MEMBERS BUSINESS ETHOS – DRIVING PRINCIPLES Experience Kewalchand P. Jain Hemant P. Jain Dinesh P. Jain Vikas P. Jain CMD Jt. MD WTD WTD Governance INDEPENDENT BOARD MEMBERS Morality Ethical Practices Paresh H. Clerk Jayraj S. Sheth Vivek K. Shiral
Slide 16: Growth Journey : Denim to Lifestyle Fashion
Growth Journey : Denim to Lifestyle Fashion Journey towards Vision 2028 Launched K-Lounge Retail Store 2026 Launched Launched Brand IPO “Killer” 1992 Lawman pivots to 2006 ‘D2C’ Brand 1989 Company Crossed ₹ 1,000 cr Incorporation Revenue 2023 Launched Brand “Integriti” 2025 Commenced Launched Brand
Slide 17: Vision 2028
Vision 2028 Revenue FY2028 FY2025 ₹ 1,002 crs ₹ 1,500 crs + Healthy Operating Margin 17% - 18% + FY 25 FY28 Target 609 EBOs 900 EBOs 16
Slide 18: Vision 2028 : Discovering New Horizons
Vision 2028 : Discovering New Horizons Presence Pivot Vacuum Menswear Womenswear Kidswear Boys Girls • Denims • Casual wear • Athleisure/Active wear • Semi Formal • Formals • Ethnic • Accessories 17
Slide 19: Vision 2028 in Motion: FY26 Achievements
Vision 2028 in Motion: FY26 Achievements Vision 2028 – Primary Strategy FY 2026 Progress Report ❖ Revenue Growth: Outpacing Vision 2028 Trajectory Channel Pivoting 01 Recalibration & Expansion + 02 New Avenues • FY26 revenue growth >20% YoY, significantly ahead of Vision 2028 CAGR target of ∼15% ❖ M
Slide 20: Key Propellors of Growth
_ LAvAN BM KILLER Zeasies —illiene | OKRAUS Key Propellors of Growth KEWAL KIRAN CLOTHING LIMITED
Slide 21: Key Strengths : Fuelling our Growth Journey
Key Strengths : Fuelling our Growth Journey Propellers of Growth Widespread Consumer Reach : Accessible & Convenient 04 Seamless Value Chain : Design → Shelf → Smile 03 Wide Product Portfolio : Breadth to Depth 02 Established Brand Architecture : 01 Distinct Identities 20
Slide 22: Established Brand Architecture : Distinct Identities
Established Brand Architecture : Distinct Identities 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: Wide Product Portfolio : Breadth to Depth
Wide Product Portfolio : Breadth to Depth BOTTOMWEAR TOPWEAR ACCESSORIES Highly C omprehensive Varied O ccassions DifferentM ood Right P ricing Across . .Menswear, . Womenswear & Boyswear 22 * Photographs represent only an indicative range of products and actual offerings may vary
Slide 24: Seamless Value Chain : Design → Shelf → Smile
Seamless Value Chain : Design → Shelf → Smile ❖ Trend Forecasting with International Designers onboard • Understanding global and local fashion trends • Customer-Centric Designs • Align with Brand’s core values ❖ Fabric Composition & Sourcing : Sourcing customised fabrics, with Quality and Costs in
Slide 25: Manufacturing Excellence : Our Strategic Moat
Manufacturing Excellence : Our Strategic Moat ❖ State-of-the-art facilities harnessing technology for sustainable In-House Manufacturing: 01. production Driving Cost and Quality Edge − Adopt certified green chemicals, latest blue technology and energy conservation initiatives − Use of Ozone System f
Slide 26: Widespread Consumer Reach : Accessible & Convenient
Widespread Consumer Reach : Accessible & Convenient Diversified Distribution Network Pan-India Network Driving Consumer Accessibility EBOs MBO LFS 666 EBOs 80+ Distributors 2,700+ (As on Mar 2026) covering 3000+ MBOs LFS Counters Strong & Growing EBO Network spread across more than 350+ cities & tow
Slide 27: Financial Excellence
Financial Excellence K<i<Cu KEWAL KIRAN CLOTHING LIMITED
Slide 28: Growing Financial Performance
Growing Financial Performance Revenues EBIDTA PAT (₹ in Crores) (₹ in Crores) (₹ in Crores) CAGR : 18.9% CAGR : 24.2% CAGR : 16.9% 1,212.8 19.60% 1,002.8 19.5% 20.6% 17.2% 14.9% 14.2% 12.30% 860.5 19.0% 16.5% 779.5 13.1% 607.6 237.9 190.6 154.1 149.2 152.3 177.1 151.9 119.0 100.0 81.6 FY22 FY23 FY24
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% 13% 5% 5% 5% 6% 6% 8% 9% 8% 42% 48% 47% 12% 10% Others 54% 56% 18% 22% Retail 22% 22% T-Shirts 21% Trousers Non
Slide 30: Historical P&L (Consolidated)
Historical P&L (Consolidated) Particulars (₹ Crores) FY22 FY23 FY24 FY25 FY26 CAGR Revenue from Operations 607.6 779.5 860.5 1,002.8 1,212.8 18.9% COGS 358.7 448.9 487.1 586.2 701.2 Gross Profit (GP) 248.9 330.6 373.3 416.5 511.6 19.7% GP Margin % 41.0% 42.4% 43.4% 41.5% 42.2% Employee Expenses 79.8
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 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 ASSETS EQUITY AND LIABILITIES Equity Non-Current Assets P
Slide 32: Historical Cash Flow (Consolidated)
Historical Cash Flow (Consolidated) Particulars (₹ Crores) FY22 FY23 FY24 FY25 FY26 PBT 105.3 156.9 199.2 197.6 202.7 Adjustments 1.5 (0.2) (13.7) (8.5) 34.5 Operating Profit Before Working Capital Changes 106.9 156.7 185.5 189.1 237.2 Changes in Working Capital (26.5) (46.6) (10.1) (140.9) (9.6) Ca
Slide 33: Thank You
Thank You Kewal Kiran Clothing Limited 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
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