Kewal Kiran Clothing Q4 net profit plummets 45 percent to Rs 9 crore
Apparel firm Kewal Kiran Clothing witnessed a 45 percent slump in its net profit to Rs 9 crore ($1.3 million) for the fourth quarter ended March 2021, as against a net profit of Rs 16 crore it had reported in the year-ago period.
The company’s revenue for the quarter declined by 13 percent to Rs 111 crore, as against Rs 127 crore it posted in the corresponding period last year.
For the financial year 2020-21, the company’s net profit declined 73 percent to Rs 20 crore as compared to Rs 73 crore during the previous year, while revenue declined 43 percent to Rs 303 crore from last year’s Rs 530 crore.
Kewal Kiran owns brands like Killer, Integriti, LawmanPg3, Easies, and Desi Belle. The company currently has 336 retail stores in 210 cities across 25 states and sells on leading e-commerce platforms in India.
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