Kewal Kiran Clothing Limited · NSE:KKCL
Kewal Kiran Clothing — Q2 FY2027 Earnings Presentation
33 slides from Kewal Kiran Clothing's earnings presentation, Nov 2, 2026
Slide 1: Cover 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 _________________________________________________________
Slide 2: Investor Presentation
<i<Ce KEWAL KIRAN CLOTHING LIMITED INVESTOR PRESENTATION MEN'S FASHION | WOMEN'S FASHION | KIDSWEAR | LAWMAN | &Sintecrm | easies | @kraus
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 Q2 & H1 FY2027 Update 2 Corporate Overview 3 Propellors of Growth 4 Financial Excellence 3
Slide 5: Q2 & H1 FY2027 - Update
JUNIOR KILLER | easies |&Pinresrrn | LAW AN | KILLERX | ®kR aus eyKILLER Q2 & Hi FY2027 - Update K<i<Cu KEWAL KIRAN CLOTHING LIMITED
Slide 6: Q2 & H1 FY2027 – Consolidated Financial Highlights
Q2 & H1 FY2027 – Consolidated Financial Highlights Operating Revenues EBIDTA Profit After Tax (PAT) 373 80 54 354 71 47 5% 12% 20% 21% 15% 13% 14% Q2 Q2 FY26 Q2 FY27 (Y-o-Y) Q2 FY26 Q2 FY27 (Y-o-Y) Q2 FY26 Q2 FY27 (Y-o-Y) 652 133 94 588 113 79 11% 19% 19% 20% 19% 13% 14% H1 H1FY26 H1FY27
Slide 7: Q2 & H1 FY2027 – Consolidated P&L Highlights
Q2 & H1 FY2027 – Consolidated P&L Highlights Y-O-Y Y-O-Y Particulars (₹ Cr) Q2 FY27 Q2 FY26 Q1 FY26 H1FY27 H1FY26 FY26 % Change % Change Revenue from Operations 373 354 5% 279 652 588 11% 1,213 COGS 213 205 158 372 340 702 Gross Profit (GP) 160 149 7% 121 280 248 13% 511 GP Margin 43% 42% 43% 43% 42
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet As at As at As at As at Particulars (₹ Cr) Particulars (₹ Cr) Sep 2026 Mar 2026 Sep 2026 Mar 2026 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant and Equipment 170 175 Right of Use Asset 70 81 Equity Share Capital 62 62 Capital work-in-progress 13 1
Slide 9: Key Operational Matrix – Q2 FY2027
Key Operational Matrix – Q2 FY2027 57% 13% 4% 5% 21% 373 Q2’FY27 80 (213) (48) (14) (18) Net Sales COGS Employee Exp. Admn & Oth. Exp. S&D Exp. EBIDTA 58% 13% 3% 6% 20% 354 Q2’FY26 71 (205) (45) (12) (21) 8 Consolidated Basis Net Sales COGS Employee Exp. Admn & Oth. Exp. S&D Exp. EBIDTA
Slide 10: Key Operational Matrix – H1 FY2027
Key Operational Matrix – H1 FY2027 57% 14% 4% 4% 20% 652 H1’FY27 133 (372) (92) (26) (28) Net Sales COGS Employee Exp. Admn & Oth. Exp. S&D Exp. EBIDTA 58% 14% 4% 5% 19% 588 H1’FY26 113 (340) (84) (22) (29) Net Sales COGS Employee Exp. Admn & Oth. Exp. S&D Exp. EBIDTA 9 Consolidated Basis
Slide 11: Revenue Mix - Product Category
Revenue Mix - Product Category % of Sales 10% 13% 11% 17% 7% 7% 8% 9% 12% 11% 9% 8% 22% 21% 21% 20% 47% 49% 48% 50% Q2’FY27 Q2’FY26 H1’FY27 H1’FY26 Qty Sales / Sales Realisation Q2’FY27 Q2’FY26 H1’FY27 H1’FY26 Volume Qty Sales 47 55 86 88 (Units in Lakhs) Apparel Units 84% 71% 83% 73% (% of Total Qt
Slide 12: Revenue Mix - Channel
Revenue Mix - Channel Channel Wise - % of Sales 45% 46% 43% 46% 55% 54% 57% 54% Q2FY27 Q2FY26 H1FY27 H1FY26 Retail Non-Retail Retail : EBO + LFS Non-Retail : MBO + E-Comm + Factory Outlet + Exports EBO Store Net Addition 57 4 666 5 121 97 35 670 675 356 FY22 FY23 FY24 FY25 FY26 Q1FY27 Q2FY27 11
Slide 13: Corporate Overview
JUNIOR KILLER | easies |&Pinresrrn | LAW AN | KILLERX | ®kR aus eyKILLER 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: ₹1,500 crs Revenue
Vision 2028 Revenue FY2028 FY2025 ₹ 1,002 crs ₹ 1,500 crs + Healthy Operating Margin 17% - 18% + FY 25 FY28 Target 609 EBOs 800 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 • Semi Formal • Formals • 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
_ Key Propellors of Growth ByKILLER’ K<i<Cu 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 DifferentMood 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 675 EBOs 80+ Distributors 2,700+ (As on Sep 2026) covering 3000+ MBOs LFS Counters Strong & Growing EBO Network spread across more than 350+ cities & tow
Slide 27: Financial Excellence
JUNIOR KILLER | easies |&Pinresrrn | LAW AN | KILLERX | ®kR aus eyKILLER 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 : 17.0% 1,213 19.60% 19.5% 20.6% 1,003 19.0% 17.2% 14.9% 12.30% 861 16.5% 14.2% 779 13.1% 608 238 177 191 154 149 153 152 119 100 82 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25
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 608 779 861 1,003 1,213 19% COGS 359 449 487 586 701 Gross Profit (GP) 249 331 373 417 512 20% GP Margin % 41% 42% 43% 42% 42% Employee Expenses 80 98 105 136 172 Administrative & Other Expense
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 105 157 199 198 203 Adjustments 2 (0) (14) (9) 35 Operating Profit Before Working Capital Changes 107 157 186 189 237 Changes in Working Capital (26) (47) (10) (141) (10) Cash Generated from Operations 80 110 175
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 / [email protected]) • Bhavin Ranawat (+91-9819345619 / bhavin@marathoncapital
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