Get App
Moneycontrol

Co-Partners

Associate Partners

Last Updated : May 08, 2019 12:13 PM IST | Source: Moneycontrol.com

Hold Kewal Kiran Clothing; target of Rs 1415: Sharekhan

Sharekhan recommended Hold rating on Kewal Kiran Clothing with a target price of Rs 1415 in its research report dated May 07, 2019.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on Kewal Kiran Clothing


KKCL reported a good revenue growth of 11% y-o-y to Rs. 133 crore led by double-digit volume growth of 10.5% in Q4FY2019. Gross margins showed exceptional improvement whereas, though operating margin declined by 125 BPS, KKCL maintained its 20% margin target. Flagship brand Killer and Easies performed well, but an expected turnaround in Page 3 Lawman and increase in contribution from recently acquired Desi Belle would help drive revenue growth in coming quarters.


Outlook


We maintain our Hold rating on the stock of KKCL with an unchanged PT of Rs. 1,415, as consistent volume growth will be a key trigger for the company and we advise long term investors to stay invested in the stock, given its lean balance sheet.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



Get Lok Sabha 2019 Live Election Results, constituency-wise tally, news, views and analysis
Follow our Lok Sabha Election Result Live Blog here.
First Published on May 8, 2019 12:13 pm
More From
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant