Kewal Kiran kisses 52-week high on ambitious growth plans

The company expects a revenue growth of at least 25% in the current fiscal .

Elaborating on the same Kothari said, "We are looking at a minimum growth of 25%. In the fashion industry 85% of the market is unorganised. Youngsters now- a- days are keen on buying branded stuff thus making the market very innovative. So, our growth target for this year is minimum 25%, it can be more if the market is positive."

Kewal Kiran has 192 apparel stores called the K-lounge. "In the current fiscal year, it plans to add at least 50 new stores," Kothari stated, adding that the company will focus on small towns to expand its retail footprint. Most of the stores will continue to be franchisee owned.

Kewal Kiran Clothing touched a 52-week high of Rs 737. At 15:23 hrs the share was quoting at Rs 698, up Rs 10.10, or 1.47%. 

It was trading with volumes of 104,694 shares. In the previous trading session, the share closed up 15.81% or Rs 93.90 at Rs 687.90.

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