Q3 2024 Kewal Kiran Clothing Ltd Earnings Call Transcript
Key Points
- Revenue from operations for Q3 FY24 grew by 0.6% to INR200.2 crores compared to INR199.1 crores in Q3 FY23.
- Gross profit for Q3 FY24 increased to INR86.7 crores from INR80.9 crores in Q3 FY23, with gross margins improving to 43.3%.
- EBITDA for Q3 FY24 grew by 15.8% to INR38.9 crores, with EBITDA margins expanding by 250 bps to 19.4%.
- PAT for Q3 FY24 grew by 23.4% to INR33.3 crores, with PAT margins expanding to 15.9%.
- The company declared a first interim dividend for FY24 at 20%, or INR2 per share, and added 72 new Killer brand EBOs, reaching a total of 483 stores.
- Winter wear segment saw slower pick-up due to the delayed onset of peak winter, affecting overall growth.
- Retail performance was down year-on-year by 8%, despite adding new stores.
- LFS channel performance pulled down overall retail performance due to inventory issues with winter wear.
- Winter wear category degrew this year, impacting overall revenue and margins.
- The company is still evaluating potential acquisitions, with no concrete updates or decisions made yet.
Ladies and gentlemen, good day, and welcome to Kewal Kiran Clothing Limited Q3 and nine months FY24 conference call. (Operator instructions) Please note that this conference is being recorded.
Before we begin a brief disclaimer. The presentation which Kewal Kiran Clothing Limited has uploaded on the stock exchange and the website including the discussions during this call contains or may contain certain forward-looking statements concerning Kewal Kiranâs business prospects and profitability which are subject to several risks and uncertainties and the actual results could materially differ from those in such forward-looking statements.
I now hand the conference over to Mr. Hemant Jain, Joint Managing Director. Thank you and over to you Sir.
Good afternoon everyone. On behalf of Kewal Kiran Clothing Limited, I welcome everyone to the Q3 and nine month FY24 earnings conference call of the company. Joining me on this call is Mr. Pankaj Jain and our Investor
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