The Hindu Business Line : Kewal Kiran Q4 net down 19%

Mumbai May 16 Kewal Kiran Clothing Ltd has reported a 60 per cent increase in net profit at Rs 18.65 crore (Rs 11.65 crore) for the year ended March 31, 2007. Net sales rose 55.44 per cent to Rs 133.62 crore compared to Rs 85.96 in the previous fiscal.

For the quarter ended March 31, 2007, profit fell 18.94 per cent to Rs 3.21 crore (Rs 3.96 crore) while net sales rose 21.78 per cent to Rs 30.64 crore (Rs 25.16 crore).

"During this financial year, we plan to open 88 new retail stores, comprising of K-Lounge outlets and Exclusive Brand Outlets. We have planned 16 exclusive brand outlets for the Killer brand, 14 each for Pg3 Lawman and Integriti, and one flagship store for Easies," said Mr Kewalchand Jain, CMD, Kewal Kiran Clothing Ltd.

During the quarter ended March 31, 2007, the company opened six K-Lounge stores, taking the tally of operational stores at the end of FY07 to 55.

The flagship brand Killer has seen a 29 per cent rise in revenues, while newer brands Pg3 Lawman and Integriti have registered growth of 80 per cent and 57 per cent respectively.