Kewal Kiran Clothing Q1 Results Live: Profit Falls by 25.19% YoY

Kewal Kiran Clothing Q1 Results Live : Kewal Kiran Clothing declared its Q1 results on 13 August, 2024, revealing a challenging quarter for the company. The revenue declined by 15.22% year-over-year, and the profit plummeted by 25.19% YoY. Comparing to the previous quarter, the revenue saw a significant decline of 31.07%, and the profit decreased by 33.39%.

In terms of expenses, the company managed to cut down its Selling, General & Administrative expenses by 25.94% quarter-over-quarter and by 3.54% year-over-year. Despite these cost-saving efforts, the operating income took a hit, falling by 37.93% q-o-q and by 21.89% YoY.

The Earnings Per Share (EPS) for Q1 stood at ₹4.09, reflecting a decrease of 25.23% year-over-year. Kewal Kiran Clothing's stock has delivered a return of -5.32% in the last one week, -15.96% in the last six months, and -18.52% year-to-date.

As of 15 August, 2024, Kewal Kiran Clothing has a market capitalization of ₹3,846.34 crore. The stock's 52-week high and low are ₹827.45 and ₹596.15, respectively.

Despite the disappointing quarterly results, market analysts remain optimistic about the company's future. All three analysts covering Kewal Kiran Clothing have given a 'Strong Buy' rating as of 15 August, 2024. The consensus recommendation also stands at 'Strong Buy'.