கிறன் ஆடை News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from கிறன் ஆடை. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In கிறன் ஆடை Today - Breaking & Trending Today
Kewal Kiran Clothing - Balancing growth and cash generation - ICICI Securities equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Q3FY21 Company Update - Kewal Kiran Clothing - ICICI Direct Posted On: 2021-01-27 09:00:33 (Time Zone: Arizona, USA) From ~93% decline in revenue in Q1FY21, the company witnessed a sharp recovery in sales with de-growth being restricted to only 7% in Q3FY21. On a sequential basis, revenue grew 75% to Rs. 118.0 crore in Q3FY21 on account of improved festive demand. Change in channel mix (sales mainly through online and LFS) and higher discounting translated in gross margins contracting significantly by 1160 bps YoY at 36.8%. However, significant curtailment of operating overheads (employee and selling expenses down by 26% YoY and 70% YoY, respectively) led to EBITDA margins improving marginally by 80 bps YoY to 11.4%, with EBITDA remaining constant YoY at Rs. 13.5 crore. Lower other income (down 17% YoY) led PAT to decline 6% YoY to Rs. 10.8 crore. The company continues to be net cash positive, with cash and investments worth Rs. 257 crore as on Q3FY21 and has ....