Kewal Kiran Clothing has designated Ajay Bhagwandas Thotlani as Senior Management Personnel (SMP) with effect from September 1, 2026. The appointment was disclosed to stock exchanges under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Thotlani joins the company in the role of Brand Head for Integriti. He holds a full-time employment term with the organisation.

Executive Profile

Mr. Thotlani brings approximately 17 years of experience in the fashion and lifestyle industry. His expertise covers channel management, category management, merchandising, and business growth. He has previously worked with leading brands and retail organisations.

Regulatory Disclosure

The company issued the intimation on September 1, 2026, citing SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Abhijit Warange, President - Legal & Company Secretary, signed the disclosure.

Kewal Kiran Clothing Limited clarified that its consolidated financial results for the quarter ended June 30, 2026, were reported in ₹ crore, not ₹ lakh, following a typographical error in its initial press release. The company’s standalone revenue stood at ₹200 crore and EBITDA at ₹37 crore for the period, with net profit reaching ₹34 crore. This correction ensures accurate interpretation of the firm’s operational performance, which showed a 19% rise in consolidated revenue to ₹279 crore and a 29% jump in EBITDA to ₹54 crore year-on-year.

The corrigendum was issued on August 8, 2026, by Company Secretary Abhijit Warange, stating that all other text and figures in the original press release remain unchanged. The results were reviewed by the Audit Committee and approved by the Board of Directors on August 6, 2026. Statutory auditors N.A. Shah Associates LLP and Jain & Trivedi, Chartered Accountants, provided clean reports. The disclosure complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated Financial Performance

Consolidated revenue from operations reached ₹279 crore, up from ₹234 crore in Q1FY26. Gross profit expanded to ₹121 crore with a margin of 43%, compared to ₹99 crore and 42% in the prior year. Employee expenses rose to ₹43 crore from ₹39 crore, while selling and distribution expenses increased to ₹11 crore from ₹8 crore. Administrative expenses were ₹13 crore, up from ₹10 crore.

Other income contributed ₹13 crore, slightly lower than the ₹14 crore recorded in Q1FY26. Depreciation and amortization expenses were ₹13 crore, up from ₹11 crore. Finance costs decreased to ₹3 crore from ₹4 crore.

Standalone Financial Performance

On a standalone basis, Kewal Kiran Clothing reported revenue of ₹200 crore versus ₹180 crore in the year-ago period. EBITDA stood at ₹37 crore compared to ₹33 crore, with EBITDA margin expanding marginally to 18.23% from 18.17%. Standalone net profit was ₹34 crore against ₹31 crore in the prior year period.

Operational Highlights

Volume sales reached 39 lakh units, an increase from 33 lakh units in Q1FY26. Apparel units accounted for 81% of total quantity sales, up from 76%. However, apparel sales realization per unit declined to ₹852 from ₹881. Retail channels, comprising Exclusive Brand Outlets (EBO) and Large Format Stores (LFS), contributed 59% of sales, expanding from 54% in the previous year.

What the Numbers Show

The primary driver of the quarter's performance was operational leverage rather than pure top-line growth. While consolidated revenue grew by 19%, EBITDA grew by 29%, indicating effective cost management despite rising employee and distribution expenses. The expansion in retail channel share to 59% suggests successful execution of its direct-to-consumer strategy. However, the decline in per-unit realization warrants monitoring as it may reflect promotional intensity or product mix shifts.