Kewal Kiran Clothing eyes Rs 1,500 crore revenue following Q3 margin increase
11 February 2026, Mumbai
Kewal Kiran Clothing (KKCL) has strengthened its position as a high-margin leader in the Indian apparel sector, reporting an 18 per cent Y-o-Y revenue rise to Rs 301.1 crore for Q3 FY26. While top-line growth remained steady, the company’s bottom line stole the spotlight with a 45.3 per cent growth in Profit After Tax (PAT) to Rs 37.9 crore. This profitability was underpinned by a 250-basis-point expansion in EBITDA margins, which reached 20.9 per cent—surpassing previous management guidance. The results reflect a sharp focus on value-driven growth and a shift toward premium product realizations across its core denim and lifestyle portfolios.
Strategic retail expansion and 'Vision 2028'
The quarter marked a decisive step toward the brand’s ‘Vision 2028’ roadmap, which targets a Rs 1,500 crore revenue milestone. KKCL added 14 new Exclusive Brand Outlets (EBOs), bringing its total network to 666 stores. This physical footprint is increasingly focused on Tier-2 and Tier-3 markets, where consumer demand for organized labels like Killer and Integriti is outpacing urban growth. Hemant Jain, Joint Managing Director, attributed the success to ‘disciplined operational management’ and noted, the integration of the Kraus brand is successfully broadening the company’s appeal as a multi-category fashion house for both men and women.
Navigating regulatory and market headwinds
Beyond financials, KKCL successfully integrated the new national Labour Codes effective November 2025, confirming the incremental financial impact was non-material. Despite a 1.5 per cent moderation in nine-month PAT due to a high-base effect from prior one-time investment gains, the company’s core operational health remains at a multi-year high. With a net cash position of Rs 266 crore and a newly declared interim dividend of Rs 2 per share, KKCL is aggressively exploring inorganic acquisition opportunities to accelerate its market share in the rapidly evolving $108 billion Indian apparel retail landscape.
Kewal Kiran Clothing (KKCL) is a premier Indian fashion house specializing in denim-led lifestyle wear. Operating iconic brands like Killer, Integriti, and Lawman Pg3, the company maintains 666 EBOs and presence in 3,000+ MBOs. With a target of 900 EBOs by 2028, KKCL continues to scale through omnichannel digital integration and manufacturing excellence.
Get in Touch! 
