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Kewal Kiran Clothing announces Q3 results

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One of the country’s leading players in the business of manufacturing and marketing of apparel products, Kewal Kiran Clothing has announced its unaudited financial results for the quarter ended December 31, 2008.

In the quarter, the company posted a net profit of Rs 304 lakhs as against the net profit of Rs 510 lakh for the corresponding period of the previous year 2007.

The company has achieved net sales of Rs 3,511 lakhs during the third quarter as against net sales of Rs 4,275 lakhs during the corresponding quarter of the previous year ended December 31, 2007.

Backed by a strong retail and distribution network, the Mumbai-based company currently operates five units with an annual capacity of 25 lakh products employing over 800 employees.

— Shailesh Shah

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