Kewal Kiran Q4 Review - Balancing Growth, Cash Generation: ICICI Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Kewal Kiran Clothing Ltd.’s Q4 FY21 revenue declined 13% YoY to Rs 1.1 billion on account of resurgence in Covid-19 cases from mid-March 2021 and likely lower multi brand outlet channel sales YoY.
Ebitda margin stood at 9.2% (down 780 basis points YoY) primarily due to lower gross margins (down 714 basis points YoY) likely due to change in channel mix (higher contribution from online and large format store channels).
The company’s net cash increased from Rs 1.9 billion to Rs 2.5 billion (23% of market cap) YoY as of March 2021 aided by working capital release of Rs 739 million during FY21.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.