Strong execution drives 19.6 per cent EBITDA margin, beating guidance.
Kewal Kiran Clothing (KKCL), a leading lifestyle apparel company with over four decades of presence in India’s fashion segment, has announced its audited financial results for the quarter and year ended March 31, 2026, reporting strong revenue growth and sustained profitability.
For FY26, KKCL’s revenue from operations rose 20.9 per cent year-on-year to Rs 12.12 billion compared to Rs 10.02 billion in FY25. Gross profit increased 22.8 per cent to Rs 5.11 billion, with gross margin improving to 42.2 per cent. EBITDA for the year grew 24.8 per cent to Rs 2.37 billion, translating into a healthy EBITDA margin of 19.6 per cent, surpassing the company’s guidance. Profit after tax (PAT) stood at Rs 1.52 billion, up 2.1 per cent from Rs 1.49 billion in FY25. The company noted that adjusted for one-time gains in FY25 linked to IPO-OFS share sales and fair value gains on Baazar Style Retail shares, underlying PAT growth was stronger. PAT margin for FY26 was 12.3 per cent.
In Q4 FY26, revenue from operations grew 12.4 per cent to Rs 3.23 billion from Rs 2.88 billion in Q4 FY25. Gross profit rose 17.5 per cent to Rs 1.32 billion, with gross margin at 41 per cent. EBITDA increased 18.4 per cent to Rs 610.7 million, while EBITDA margin stood at 19.1 per cent. PAT for the quarter grew 14.2 per cent to Rs 340.5 million, with PAT margin at 10.7 per cent.
Commenting on the performance, Hemant Jain, Joint Managing Director, Kewal Kiran Clothing Limited, said, “We are delighted to report sustained, robust double-digit sales growth of 20.9 per cent for FY26, driven by healthy momentum in both volume and value. These encouraging results validate that the strategic levers outlined in Vision 2028 are well-placed and are delivering results across all our brands.”
He added that Kraus Casuals delivered a strong year with high double-digit sales growth and over 21 per cent EBITDA margin, highlighting successful post-acquisition integration. Jain also said the company’s distribution strategy and continued focus on expanding its exclusive brand outlet network and strengthening its presence in large format stores would support sustained growth momentum in FY27.