Kewal Kiran Clothing share price today

Kewal Kiran Clothing Ltd's share price was ₹434.05 at the close on 4 November 2026. It has been falling for 2 weeks. That is 10.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹421 and ₹526, and at that close it sat 13% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Kewal Kiran Clothing Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 9 weeks running.

Over the last 11 years the share price moved +15% while the NIFTY 500 moved +249%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 4 September 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

1. Revenue up on a year earlier for 8 quarters in a row

   In the June 2026 quarter revenue was ₹279 crore, +19.2% on a year earlier.

   Why: Revenue rose because the company grew its retail business and online sales.

   From the earnings call on 7 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Kewal Kiran Clothing reported revenue of ₹279 crore, up 19.2% from ₹234 crore a year earlier, and a profit of ₹41.0 crore, up 28.1% from ₹32.0 crore.

Kewal Kiran Clothing results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Kewal Kiran Clothing's management discussed these results on a call held on 7 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Kewal Kiran Clothing closed at ₹434.05 on 4 November 2026, down 15.3% from ₹512.25 a year earlier (7 November 2025) and up 79.5% over five years. Its highest weekly close since March 2016 was ₹790.90 on 24 November 2023.

Kewal Kiran Clothing share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 4 March 2016 to 4 November 2026.

6 Nov 2026: Coming up: ex-date for an interim dividend of ₹2 a share. 4 Nov 2026: Kewal Kiran Clothing closed at ₹434.05, up 1.3% on the week and down 8.7% on the month.

Earlier

• Our read, 22 Aug 2026: Revenue compounding at 15-21% annually while profit has been flat for three years, the Kraus acquisition absorbed operating leverage gains; the underlying clean-profit recovery is real but management has walked back five guidance items across four consecutive calls.
• 7 Aug 2026: Kewal Kiran Clothing held its results call for April to June 2026. Management guided: Vision 2028 growth trajectory planned at 20% yearly growth over the next 3 years through organic growth and disciplined, value-accretive acquisitions; acquisitions may not occur every year.
• Results for April to June 2026: Revenue up 19.2% and profit up 28.1% on a year earlier.
• 14 May 2026: ex-date for an interim dividend of ₹2 a share.
• 16 Feb 2026: ex-date for an interim dividend of ₹2 a share.

Our read of the business

KKCL owns the Killer, Lawman, Integriti, and Kraus apparel brands and is shifting from wholesale to a retail-led model. Revenue grew 21% in FY26 to ₹1,213 crore but reported profit stayed near ₹152 crore, almost unchanged from FY24's ₹154 crore, because other-income spikes in three quarters inflated the FY24/FY25 base and the Kraus acquisition absorbed free cash in FY25 (operating cash flow just ₹14 crore vs profit ₹149 crore). On a clean basis, FY26 profit of roughly ₹147 crore compares to clean FY25 of roughly ₹121 crore, a 21% operational improvement. The concern is management: EBO addition goals have been cut 30-50% without acknowledgment, Vision 2028 shifted from purely organic to 20% yearly growth with inorganic support, Integriti's promised April to June 2026 ramp became 'we are experimenting and have not got the formula right', and standalone growth came in at 12% against a >15% commitment.

April to June 2026: Volume surge with clean margin, 19% revenue growth, 28% profit growth, no other-income distortion.

Our read after the April to June 2026 results, written 22 August 2026.

Kewal Kiran Clothing paid ₹4 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 0.92% at the ₹434.05 close on 4 November 2026. The last was an interim dividend of ₹2 a share, ex-date 14 May 2026. Next: ₹2 a share, ex-date 6 November 2026.

Kewal Kiran Clothing dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Kewal Kiran Clothing Ltd paid out 9% of its profit as dividends in FY26, and it paid a dividend in each of its last 12 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 7 August 2026, Kewal Kiran Clothing's management guided: Vision 2028 growth trajectory planned at 20% yearly growth over the next 3 years through organic growth and disciplined, value-accretive acquisitions; acquisitions may not occur every year.

“We have definitely seen an increase in cotton prices. However, during the current quarter, our GP margin increased by 4%. Going forward, it may impact our GP margin, but overall, we are trying to offset that by reducing discounts or passing it on to consumers, and we feel that EBITDA margins will remain constant for the year.”Pankaj Jain, on the call for April to June 2026

What management guided

• FY27 consolidated revenue growth goal remains 15%-18%; any revision deferred until the Q2 scenario is assessed.
• Net EBO additions around 50-70 in FY27; openings skew toward the festival period.
• FY27 operating margin expected to remain constant for the year despite cotton inflation.
• Other income around ₹50 crore on an annualized basis; Q1 typically carries a higher component.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 7 August 2026.

Three consecutive quarters of standalone revenue growing 15%+ alongside Integriti brand revenue appearing explicitly in management disclosures, not consolidated away, combined with working capital days returning below 120 on the Screener measure. Those two data points together would confirm the operating leverage is reaching profit rather than being absorbed by integration costs and opaque other income.

Each change stops working if

• : EBO additions fall below 30 in FY27 (half the floor guidance) or same-store sales growth at Killer turns negative for two consecutive quarters.
• : Standalone revenue growth stays below 12% for two more quarters, indicating the Lawman pivot is substituting for rather than adding to wholesale revenue.
• : Kraus working capital days stay above 140 for three more quarters while its revenue growth drops below 15%, indicating the acquisition is absorbing cash rather than generating it.

The main risks

• : Management credibility: five guidance walk-backs in four calls indicates goals are set optimistically and revised without accountability. ✓ fact
• : Working capital days rising from 100 to 147 (Screener measure) while cash decomposition shows CCC improving, the discrepancy needs resolution before free cash flow quality can be confirmed. ✓ fact
• : Cotton cost inflation is the current-quarter headwind; operating margin stability depends on pass-through discipline that has not yet been tested at scale. ✓ fact

Our read after the April to June 2026 results, written 22 August 2026.

When Kewal Kiran Clothing reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Consolidated growth guidance after the next assessment - check for formal revision and sustained momentum.

Kewal Kiran Clothing is not on any of our India lists this week.

Kewal Kiran Clothing Ltd earned ₹41.0 Cr of net profit in the Jun 2026 quarter, +28.1% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹152 Cr. Over 10 years profit has grown 8.4% a year on average. That is 14.7% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹32.0 Cr.

For the full year, FY26 profit was ₹152 Cr (+2.0% on the year before).

Why profit moved: revenue changed +19.2% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +15.0% and revenue +16.1%. Profit and revenue are moving at about the same pace.

FY26-Q4. revenue ₹324 Cr and profit ₹35 Cr as reported.

FY27-Q1. revenue ₹279 Cr and profit ₹41 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Kewal Kiran Clothing Ltd reported ₹279 Cr of revenue in the Jun 2026 quarter, +19.2% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 10 years it has grown 10.6% a year on average. The last full year, FY26, came in at ₹1,213 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Lawman was repositioned from wholesale to direct-to-consumer over FY25-FY26 with 81 EBOs (up from near zero). Management stated the formula is now right, having completed the working-capital normalization and store-productivity ramp. This adds a second revenue engine inside the existing manufacturing and distribution infrastructure at near-zero incremental fixed cost. The pivot is qualitatively confirmed but standalone revenue contribution was not disclosed in the August 2026 call.

The last four reported quarters add to ₹1,258 Cr.

FY26 revenue was ₹1,213 Cr, +20.9% on the year before.

Recent pace: the last four quarters grew +16.1% on average, against 10.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +15.9%, against +23.0% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +3.2%, against +5.0% a year (stabilising).

FY26-Q4. revenue ₹324 Cr and profit ₹35 Cr as reported.

FY27-Q1. revenue ₹279 Cr and profit ₹41 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Kewal Kiran Clothing Ltd's operating margin was 19.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 12 years it has been between 6.0% and 23.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. KKCL runs 100% of manufacturing in-house (Killer; Cross is outsourced). As EBO count grows from 670 toward the 720-740 goal by FY27-end, fixed costs spread across higher volume. Q1 FY27 OPM of 19.35% held despite a 19% revenue increase and rising cotton prices, consistent with the operating-leverage catapult pattern, fixed costs are already installed, so incremental volume accrues to margin at above-average rates. Revenue per square foot was not disclosed, but EBO footprint crossed 4 lakh sq ft.

Why the margin moved: operating margin changed +1.6 percentage points on the year while gross margin changed −1.0 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

FY26-Q4. revenue ₹324 Cr and profit ₹35 Cr as reported.

FY27-Q1. revenue ₹279 Cr and profit ₹41 Cr as reported.

Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.

Over the last 3 years, 73% of Kewal Kiran Clothing Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹183 Cr of operating cash against ₹152 Cr of profit. After ₹55.0 Cr of spending on assets, ₹128 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 73% of profit came in as cash: the cash cycle got 141 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 141 days longer. The next section looks at where the cash is stuck.

Kewal Kiran Clothing Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 346 days in FY26, up from 205 days in FY21. It spent ₹473 Cr on assets over the last 3 years. Customers take 97 days to pay, and stock sits for 385 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,213 Cr, each day of that cycle ties up about ₹3.3 Cr, so roughly ₹1,150 Cr is tied up in the business at any time.

FY26: customers took 97 days to pay and stock sat for 385 days, about 12.7 months of sales sitting as stock, for a full cycle of 346 days, longer than FY21's 205.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 385 days. Customers pay about 97 days after that. Suppliers are paid at 135 days. Together that makes the 346-day cycle.

Spending on assets: ₹473 Cr over the last 3 years, against ₹86.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Kewal Kiran Clothing Ltd's P/E is 18.1×, near the low end of its own history: it has been lower only 11% of the time. Its usual P/E (the middle reading) is 24.6×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.