Kewal Kiran Clothing files FY26 sustainability report with key ESG metrics
- Kewal Kiran Clothing reports FY26 turnover of ₹9,414.1 crore and net worth of ₹9,253.3 crore
- Permanent employee turnover surged to 47.51%, up from 27.00% in FY25
- Total energy consumption rose to 50,189 GJ, with non-renewable sources dominating usage
- Scope 1 and Scope 2 greenhouse gas emissions totaled 1,979 tCO2e and 2,326 tCO2e respectively
- Zero fatalities and zero lost-time injuries were recorded for employees and workers
*this image is generated using AI for illustrative purposes only.
Kewal Kiran Clothing Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The filing outlines the company’s performance across environmental, social, and governance parameters in compliance with SEBI regulations.
Operational and Financial Overview
The company reported a turnover of ₹9,414.1 crore for FY26, with CSR applicability confirmed under Section 135 of the Companies Act, 2013. Its net worth stood at ₹9,253.3 crore. Operations remain focused on the manufacturing and retailing of apparel under brands such as Killer, Lawman, and Integriti, which account for 100% of turnover.
Employee Metrics and Turnover
A notable feature of the report is the high turnover rate among permanent staff. The total turnover rate for permanent employees reached 47.51% in FY26, up from 27.00% in FY25 and 20.45% in FY24. Similarly, permanent worker turnover was recorded at 47.51%, compared to 21.00% in the previous year.
The workforce comprised 2,544 employees and 965 workers as of March 31, 2026. Female representation among permanent employees was 16.83%, while female workers constituted 9.33% of the total worker count. The company reported zero fatalities and zero lost-time injury frequency rates for both employees and workers during the period.
Environmental Impact
Total energy consumption increased to 50,189 GJ in FY26 from 46,631 GJ in FY25. Non-renewable sources accounted for the majority of this usage, with fuel consumption rising to 35,275 GJ. Greenhouse gas emissions also saw an uptick, with Scope 1 emissions reaching 1,979 tCO2e and Scope 2 emissions at 2,326 tCO2e.
Water withdrawal totaled 113,539 kiloliters, primarily sourced from third parties (103,501 kiloliters) and groundwater (10,038 kiloliters). The company discharged 80,258 kiloliters of treated water to third parties.
What the Numbers Show
The divergence between stable revenue growth and sharply rising employee turnover warrants attention. While turnover grew moderately from FY25 levels, the near-doubling of permanent employee turnover from 27.00% to 47.51% suggests significant churn within the core workforce. This contrasts with the company’s claim of zero safety incidents and full coverage of health insurance for permanent staff, indicating that retention challenges are not driven by workplace safety or basic welfare gaps but may stem from other operational or market factors not detailed in this report.
Historical Stock Returns for Kewal Kiran Clothing
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.07% | -3.07% | +0.53% | -1.46% | -3.04% | +196.16% |
What specific retention strategies or compensation adjustments is Kewal Kiran Clothing planning to implement to address the near-doubling of permanent employee turnover in FY26?
How might the rising Scope 1 and Scope 2 greenhouse gas emissions impact the company's ability to meet future SEBI sustainability mandates or attract ESG-focused institutional investors?
Given the heavy reliance on non-renewable energy sources, what is the company's roadmap for transitioning to renewable energy to mitigate long-term operational costs and regulatory risks?
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