Kewal Kiran Clothing Limited convened a virtual group conference call to discuss Q2 & H1'FY27 results held on Tuesday, November 03, 2026 at 11:00 A.M. The event was an earnings conference call for the quarter ended September 30, 2026, open to all investors, general public, and analysts.

Management Participants:

  • Mr. Hemant Jain – Joint Managing Director
  • Mr. Pankaj Jain – President (Retail)
  • Marathon Capital (Investor Relations Advisor)

The company stated that the transcript of the conference call has been made available on the company's website at https://www.kewalkiran.com/investors.php#Press%20Release%20/%20Conference%20Call%20Recording%20&%20Transcript.

Financial Highlights Discussed:

  • Q2 FY27 Consolidated Revenue: INR373 crores (5% YoY increase)
  • Q2 FY27 EBITDA: INR80 crores (12% YoY growth)
  • Q2 FY27 EBITDA Margin: 21%
  • Q2 FY27 Profit After Tax: INR54 crores (15% YoY growth)

Strategic Updates:

  • Management revised its Vision 2028 retail expansion strategy:
  • Total EBO store target reduced from 900 to 800 stores by FY28
  • Killer store count unchanged but shifting to larger store size (800-1,000 sq ft)
  • Lawman target revised from 175 to 125 stores (more focused D2C-led strategy)
  • Kraus target increased from 50 to 75 stores
  • K-Lounge format to be gradually phased out and excluded from expansion plans
  • Revenue and profitability targets for Vision 2028 remain unchanged at INR1,500 crores

Operational Challenges:

  • Factory operations in Vapi and Daman disrupted for 7-10 days due to heavy rainfall and flooding
  • Estimated impact on Q2 FY27 sales growth: 3-4%
  • Geopolitical tensions and inflationary pressures affected consumer sentiment

Brand Performance:

  • Killer: Positive growth journey, 477 exclusive brand outlets
  • Kraus: Delivered over 25% growth with strong EBITDA margins in line with KKCL
  • Lawman: D2C-led strategy gaining traction
  • Integriti: Delivered double-digit growth in first half

Channel Performance:

  • Retail channel grew 8% YoY with higher contribution from LFS channel
  • Non-retail channel growth primarily driven by e-commerce segment
  • Retail to non-retail mix: 55-45 (similar to previous period)
  • Added net 5 EBOs in Q2 FY27, taking total network to 675 stores as of September 30, 2026

Additional Business Updates:

  • Company focusing on reducing discounts and increasing fresh sales to preserve brand value
  • Working capital at ~130 days, in line with previous year
  • Facing inflationary pressure on fabric costs, considering price increases to consumers
  • Repeat customer ratio in EBO channel: ~22% with frequency of 2

Guidance:

  • Company remains committed to achieving double-digit growth for FY27
  • Expects SSG to be flattish on 9-month basis
  • Positive on winter wear category for upcoming season

Additional Notes Section

The document is a regulatory filing containing the transcript of the Q2 & H1'FY27 earnings conference call. No unpublished price sensitive information (UPSI) was indicated to be shared during the call. The company included a standard disclaimer about forward-looking statements being subject to risks and uncertainties.

No financial data beyond what was disclosed in the earnings presentation was included in this announcement. The document serves as official intimation of the investor meet and provides the transcript for regulatory compliance purposes.