KEWAL KIRAN CLOTHING LTD

Financial Results Review ndash Q3 FY2019 and YTD FY19

Contents Page NoOperational Performance Q3 3Trend in Revenue amp Operating profit 4-5Trend in Net Profit 6Balance Sheet 7-8Ratios and Cash Flow Analysis 9Brand 10Product 11Channels 12Regional Distribution 13Retail Stores 14

INDEX

INDEX

Retail Matrix

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

1

2

3

4

5

6

7

A

B

Contents

Operational Performance Q3

Trend in Revenue amp Operating profit

Trend in Net Profit

INDEX

Operational Performance Q3 and YTD FY 2019

3

Q3 FY 2019 of Q3 FY 2018 of YTD FY 2019 of YTD FY 2018 ofRs crs sales Rs crs sales Variation Rs crs sales Rs crs sales Variation

Net Sales 11015 9324 36485 33669 Other operating income 095 114 444 358 Total Revenue 11110 10000 9438 10000 36929 10000 34027 10000

Cost of goods sold 4529 4076 3837 4065 011 14141 3829 14061 4132 -303Personnel cost 1811 1630 1534 1625 005 5649 1530 4912 1444 086Manufacturing and operating expenses 1083 975 846 896 078 3661 991 3373 991 000Administrative and other expenses 786 707 829 878 -171 2379 644 2362 694 -050Selling and distribution expenses 1348 1213 818 867 347 2615 708 2132 627 082Operational expenditure 9557 8602 7864 8332 270 28445 7703 26840 7888 -185

EBITDA 1553 1398 1574 1668 -270 8484 2297 7187 2112 185

Finance expenses 211 190 150 159 031 485 131 380 112 020Depreciation Ammotisation 243 219 150 159 060 570 154 423 124 030Other income 716 644 354 375 269 1517 411 1534 451 -040

Profit before tax (PBT) 1815 1634 1628 1725 -091 8946 2422 7918 2327 096Income Tax 538 484 590 625 2920 791 2539 746 045Profit after tax (PAT) 1277 1150 1038 1100 050 6026 1632 5379 1581 051

Trend in Revenue

4

Q3 FY2018-19bull Total Revenue grew by 1772bull Apparel sales quantity higher by 2175bull Apparel sales realization at Rs 900 per

unit

YTD FY2018-19bull Total Revenue grew by 853bull Apparel sales quantity higher by 981bull Apparel sales realization at Rs933 per

unit

943811110

9491156

000

5000

10000

15000

20000

25000

30000

Q3 FY 2018 Q3 FY 2019Total Revenue (Rs crs)Sales Quantity (units in lakhs)

3402736929

33703701

0005000

1000015000200002500030000350004000045000

YTD FY 2018 YTD FY 2019Total Revenue (Rs crs)Sales Quantity (units in lakhs)

Trend in Operating Profit

5

YTD FY2018-19

bull EBITDA higher by 18 at Rs 8484 crores

bull EBITDA margin higher and stood at 23

Q3 FY2018-19

bull EBITDA flat at Rs 1553 crores

bull EBITDA margin at 14

71878484

211 230

00

50

100

150

200

250

000100020003000400050006000700080009000

10000

YTD FY 2018 YTD FY 2019

EBITDA (Rs crs) EBITDA margin ()

1574 1553

167140

0246810121416182022242628303234

05

1015202530354045

Q3 FY 2018 Q3 FY 2019

EBITDA (Rs crs) EBITDA margin ()

Trend in Net Profit

6

Q3 FY2018-19bull PAT higher by 2305 and stood at Rs

1277 croresbull PAT margin higher at 115bull Quarterly EPS at Rs 1036 (842)

YTD FY2018-19bull PAT higher by 1202 and stood at Rs

6026 croresbull PAT margin higher at 163bull YTD EPS at Rs 4889 (4364)

53796026

158 163

0020406080100120140160180

000

1000

2000

3000

4000

5000

6000

7000

YTD FY 2018 YTD FY 2019

PAT (Rs crs) PAT margin ()

10381277

110115

00

50

100

150

200

250

300

000500

100015002000250030003500400045005000

Q3 FY 2018 Q3 FY 2019

PAT (Rs crs) PAT margin ()

Balance Sheet (Assets)

7

(Rs crs) As at Dec 2018 (Audited) As at Mar 2018 (Audited)Non-Current AssetsProperty Plant and Equipment 7792 6756 Capital Work in Progress 101 908 Investment Property 145 152 Other Intangible Assets 255 050 Intangible Assets under Development 015 015 Financial Assets Investments 17517 13713 Other Financial Assets 333 251 Other Non-Current Assets 256 232 Total Non-Current Assets 26414 22077

Current AssetsInventories 8359 5285 Financial Assets Investments 6240 9330 Trade Receivables 17128 12069 Cash amp Cash Equivalents 6161 6154 Bank balances 020 095 Other Financial Assets 187 144 Other Current Assets 745 529 Total Current Assets 38840 33606

Total Assets 65254 55683

Balance Sheet (Liabilities)

8

(Rs crs) As at Dec 2018 (Audited) As at Mar 2018 (Audited)EquityEquity Share Capital 1233 1233 Other Equity 42005 38732 Total Equity 43238 39965

Non-Current LiabilitiesProvisions 007 007 Deferred Tax Liability 482 460 Other non-current liabilities 141 159 Total Non-Current Liabilities 630 626

Current LiabilitiesFinancial Liabilities Borrowings 8528 4830 Trade Payables Due to Micro and Small Enterprises 026 026 Due to Others 5270 4325 Other financial liabilities 706 718 Other Current Liabilities 3405 2889 Provisions 3237 2233 Current Tax Liabilities (Net) 214 071 Total Current Liabilities 21386 15092

Total Equity and Liabilities 65254 55683

Ratios and Cash-flow Analysis

9

bull The financial position remains stable with healthy cash reserves

Cash Flows (in Rs crs) YTD FY2019

I Cash Flow from Operating Activity (008)Operating Profit before Working Capital Changes 8736 Adjustment for Working Capital (6152)Direct Taxes Paid (2592)

II Cash Flow from Investing Activity (522)(Purchase) Sale of Fixed Assets (997)(Purchase) Redemption of Investments in mutual funds amp Bank Deposits 457 Dividend Interest Income 018

III Cash Flow from Financing Activity 538 Secured Loans - Bank Overdraft (Net) 3698 Interest Paid (411)Dividend Paid (2749)

Cash and Cash Equivalents - Closing 6161

Ratios Q3 FY2019 Q3 FY2018

Debt Equity ratio 020 015

Current Ratio 196 234

Debtors turnover (days) 106 85

Creditors turnover (days) 47 40

Inventory turnover (days) 50 43

RONW 1927 1862

ROCE in operations 5558 5584ROCE 2186 2059

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

1

2

3

4

5

6

7

A

B

Ratios

Debt Equity ratio

Current Ratio

Brands

bull Killer continues to be dominant brand with 54 of revenue share

bull Integrity is the second largest brand with 22 share

Brand wise sales break up Q3 FY 2019

10

54

53

14

19

22

19

5

4

5

5

Q3 2019

Q3 2018

Killer Lawman Integriti Easies Other Brand

Sales (Rs crs) Q3 2019 Q3 2018 Change

Killer 5919 4951 20

Lawman 1505 1750 -14

Integriti 2486 1723 44

Easies 506 389 30

Other Brand 599 511 17

Total 11015 9324 18

Products

bull Jeans continues to be the dominant product and contributed 55 to revenues

bull Trousers sales grew 109 to Rs 1461 crores

11

Product wise sales break up Q3 FY 2019

55

64

17

16

13

4

4

4

11

12

Q3 2019

Q3 2018

Jeans Shirts Trousers T-Shirts Others

Sales (Rs crs) Q3 2019 Q3 2018 Change

Jeans 6087 5942 2

Shirts 1846 1492 24

Trousers 1461 698 109

T-Shirts 410 368 12

Others 1211 824 47

Total 11015 9324 18

Channels

Channel wise sales break up Q3 FY 2019

12

bull MBO remains the dominant channel with 40 of revenue share

bull National Chain Stores sales grew 60 and it had a 27 share in revenues

bull E-Commerce sales grew 162

40

42

14

23

27

20

9

7

8

3

2

5

Q3 2019

Q3 2018

MBO Retail

National Chain Stores Factory Outlet

e-Commerce Overseas

Sales (Rs crs) Q3 2019 Q3 2018 Change

MBO 4461 3949 130

Retail 1594 2099 -24

National Chain Stores 2943 1844 60

Factory Outlet 962 677 42

e-Commerce 843 321 162

Overseas 212 434 -51

Total 11015 9324 18

Regional Distribution

bull Eastern region continues to be the largest region with 31 share

bull Western region sales grew by 49 and it had a 26 share in revenues

bull Southern region sales grew by 82

13

Region wise sales break up Q3 FY 2019

26

31

41

15

26

22

21

25

16

30

13

15

8

5

6

PopulationDistribution

Q3 2019

Q3 2018

East West South North Central

Sales (Rs crs) Q3 2019 Q3 2018 Change

East 3356 3635 -8

West 2845 1906 49

South 2649 1451 82

North 1423 1340 6

Central 530 558 -5

Domestic Sales 10803 8890 22

Overseas 212 434 -51

Total 11015 9324 18

Retail stores

14

Particulars COCO COMFO FOFO TotalK-Lounge 2 10 192 204

EBO 120 120

Factoy Outlet 1 - 1

Total 2 11 312 325

COCO - Company Owned Company OperatedCOMFO - Company Owned Management Franchisee OperatedFOFO - Franchisee Owned Franchisee Operated

Retail Stores (YTD) 311218 310318Existing 318 331

New opened 35 39

ConvertedRelocatedclosed 28 52

Work-in process 11 25

Total Retail Stores 336 343

Retail Matrix

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

15

Thank YouDisclaimer Certain statements in this document or explanation thereof during discussions may be forward looking statements Such forward looking statements are subject to certain risks and uncertainties like government actions direct and indirect tax structures local political or economic developments weather conditions deferring season technological risks overall market scenario and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements Kewal Kiran Clothing Limited(ldquoKKCLrdquo) will not be in anyway responsible for any action taken based on such statements and undertake s no obligation to publicly update these forward looking statement to reflect subsequent events or circumstances

• Slide Number 1
• Slide Number 2
• Operational Performance Q3 and YTD FY 2019
• Trend in Revenue
• Trend in Operating Profit
• Trend in Net Profit
• Balance Sheet (Assets)
• Balance Sheet (Liabilities)
• Ratios and Cash-flow Analysis
• Brands
• Products
• Channels
• Regional Distribution
• Retail stores
• Slide Number 15

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Particulars		COCO		COMFO		FOFO		Total
K-Lounge		2		10		192		204
EBO				120		120
Factoy Outlet			1		- 0		1
Total		2		11		312		325
COCO - Company Owned Company Operated
COMFO - Company Owned Management Franchisee Operated
FOFO - Franchisee Owned Franchisee Operated
Retail Stores (YTD)			311218			310318
Existing			318			331
New opened			35			39
Converted
Relocatedclosed			28			52
Work-in process			11			25
Total Retail Stores			336			343

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Particulars		COCO		COMFO		FOFO		Total
K-Lounge		2		10		192		204
EBO				120		120
Factoy Outlet			1		- 0		1
Total		2		11		312		325
COCO - Company Owned Company Operated
COMFO - Company Owned Management Franchisee Operated
FOFO - Franchisee Owned Franchisee Operated
Retail Stores (YTD)			311218			310318
Existing			318			331
New opened			35			39
Converted
Relocatedclosed			28			52
Work-in process			11			25
Total Retail Stores			336			343

	INDEX
	Contents		Page No
	Operational Performance Q3		3
	Trend in Revenue amp Operating profit		4-5
	Trend in Net Profit		6
	Balance Sheet		7-8
	Ratios and Cash Flow Analysis		9
	Brand		10
	Product		11
	Channels		12
	Regional Distribution		13
	Retail Stores		14

Contents Page NoOperational Performance Q3 3Trend in Revenue amp Operating profit 4-5Trend in Net Profit 6Balance Sheet 7-8Ratios and Cash Flow Analysis 9Brand 10Product 11Channels 12Regional Distribution 13Retail Stores 14

INDEX

INDEX

Retail Matrix

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

1

2

3

4

5

6

7

A

B

Contents

Operational Performance Q3

Trend in Revenue amp Operating profit

Trend in Net Profit

INDEX

Operational Performance Q3 and YTD FY 2019

3

Q3 FY 2019 of Q3 FY 2018 of YTD FY 2019 of YTD FY 2018 ofRs crs sales Rs crs sales Variation Rs crs sales Rs crs sales Variation

Net Sales 11015 9324 36485 33669 Other operating income 095 114 444 358 Total Revenue 11110 10000 9438 10000 36929 10000 34027 10000

Cost of goods sold 4529 4076 3837 4065 011 14141 3829 14061 4132 -303Personnel cost 1811 1630 1534 1625 005 5649 1530 4912 1444 086Manufacturing and operating expenses 1083 975 846 896 078 3661 991 3373 991 000Administrative and other expenses 786 707 829 878 -171 2379 644 2362 694 -050Selling and distribution expenses 1348 1213 818 867 347 2615 708 2132 627 082Operational expenditure 9557 8602 7864 8332 270 28445 7703 26840 7888 -185

EBITDA 1553 1398 1574 1668 -270 8484 2297 7187 2112 185

Finance expenses 211 190 150 159 031 485 131 380 112 020Depreciation Ammotisation 243 219 150 159 060 570 154 423 124 030Other income 716 644 354 375 269 1517 411 1534 451 -040

Profit before tax (PBT) 1815 1634 1628 1725 -091 8946 2422 7918 2327 096Income Tax 538 484 590 625 2920 791 2539 746 045Profit after tax (PAT) 1277 1150 1038 1100 050 6026 1632 5379 1581 051

Trend in Revenue

4

Q3 FY2018-19bull Total Revenue grew by 1772bull Apparel sales quantity higher by 2175bull Apparel sales realization at Rs 900 per

unit

YTD FY2018-19bull Total Revenue grew by 853bull Apparel sales quantity higher by 981bull Apparel sales realization at Rs933 per

unit

943811110

9491156

000

5000

10000

15000

20000

25000

30000

Q3 FY 2018 Q3 FY 2019Total Revenue (Rs crs)Sales Quantity (units in lakhs)

3402736929

33703701

0005000

1000015000200002500030000350004000045000

YTD FY 2018 YTD FY 2019Total Revenue (Rs crs)Sales Quantity (units in lakhs)

Trend in Operating Profit

5

YTD FY2018-19

bull EBITDA higher by 18 at Rs 8484 crores

bull EBITDA margin higher and stood at 23

Q3 FY2018-19

bull EBITDA flat at Rs 1553 crores

bull EBITDA margin at 14

71878484

211 230

00

50

100

150

200

250

000100020003000400050006000700080009000

10000

YTD FY 2018 YTD FY 2019

EBITDA (Rs crs) EBITDA margin ()

1574 1553

167140

0246810121416182022242628303234

05

1015202530354045

Q3 FY 2018 Q3 FY 2019

EBITDA (Rs crs) EBITDA margin ()

Trend in Net Profit

6

Q3 FY2018-19bull PAT higher by 2305 and stood at Rs

1277 croresbull PAT margin higher at 115bull Quarterly EPS at Rs 1036 (842)

YTD FY2018-19bull PAT higher by 1202 and stood at Rs

6026 croresbull PAT margin higher at 163bull YTD EPS at Rs 4889 (4364)

53796026

158 163

0020406080100120140160180

000

1000

2000

3000

4000

5000

6000

7000

YTD FY 2018 YTD FY 2019

PAT (Rs crs) PAT margin ()

10381277

110115

00

50

100

150

200

250

300

000500

100015002000250030003500400045005000

Q3 FY 2018 Q3 FY 2019

PAT (Rs crs) PAT margin ()

Balance Sheet (Assets)

7

(Rs crs) As at Dec 2018 (Audited) As at Mar 2018 (Audited)Non-Current AssetsProperty Plant and Equipment 7792 6756 Capital Work in Progress 101 908 Investment Property 145 152 Other Intangible Assets 255 050 Intangible Assets under Development 015 015 Financial Assets Investments 17517 13713 Other Financial Assets 333 251 Other Non-Current Assets 256 232 Total Non-Current Assets 26414 22077

Current AssetsInventories 8359 5285 Financial Assets Investments 6240 9330 Trade Receivables 17128 12069 Cash amp Cash Equivalents 6161 6154 Bank balances 020 095 Other Financial Assets 187 144 Other Current Assets 745 529 Total Current Assets 38840 33606

Total Assets 65254 55683

Balance Sheet (Liabilities)

8

(Rs crs) As at Dec 2018 (Audited) As at Mar 2018 (Audited)EquityEquity Share Capital 1233 1233 Other Equity 42005 38732 Total Equity 43238 39965

Non-Current LiabilitiesProvisions 007 007 Deferred Tax Liability 482 460 Other non-current liabilities 141 159 Total Non-Current Liabilities 630 626

Current LiabilitiesFinancial Liabilities Borrowings 8528 4830 Trade Payables Due to Micro and Small Enterprises 026 026 Due to Others 5270 4325 Other financial liabilities 706 718 Other Current Liabilities 3405 2889 Provisions 3237 2233 Current Tax Liabilities (Net) 214 071 Total Current Liabilities 21386 15092

Total Equity and Liabilities 65254 55683

Ratios and Cash-flow Analysis

9

bull The financial position remains stable with healthy cash reserves

Cash Flows (in Rs crs) YTD FY2019

I Cash Flow from Operating Activity (008)Operating Profit before Working Capital Changes 8736 Adjustment for Working Capital (6152)Direct Taxes Paid (2592)

II Cash Flow from Investing Activity (522)(Purchase) Sale of Fixed Assets (997)(Purchase) Redemption of Investments in mutual funds amp Bank Deposits 457 Dividend Interest Income 018

III Cash Flow from Financing Activity 538 Secured Loans - Bank Overdraft (Net) 3698 Interest Paid (411)Dividend Paid (2749)

Cash and Cash Equivalents - Closing 6161

Ratios Q3 FY2019 Q3 FY2018

Debt Equity ratio 020 015

Current Ratio 196 234

Debtors turnover (days) 106 85

Creditors turnover (days) 47 40

Inventory turnover (days) 50 43

RONW 1927 1862

ROCE in operations 5558 5584ROCE 2186 2059

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

1

2

3

4

5

6

7

A

B

Ratios

Debt Equity ratio

Current Ratio

Brands

bull Killer continues to be dominant brand with 54 of revenue share

bull Integrity is the second largest brand with 22 share

Brand wise sales break up Q3 FY 2019

10

54

53

14

19

22

19

5

4

5

5

Q3 2019

Q3 2018

Killer Lawman Integriti Easies Other Brand

Sales (Rs crs) Q3 2019 Q3 2018 Change

Killer 5919 4951 20

Lawman 1505 1750 -14

Integriti 2486 1723 44

Easies 506 389 30

Other Brand 599 511 17

Total 11015 9324 18

Products

bull Jeans continues to be the dominant product and contributed 55 to revenues

bull Trousers sales grew 109 to Rs 1461 crores

11

Product wise sales break up Q3 FY 2019

55

64

17

16

13

4

4

4

11

12

Q3 2019

Q3 2018

Jeans Shirts Trousers T-Shirts Others

Sales (Rs crs) Q3 2019 Q3 2018 Change

Jeans 6087 5942 2

Shirts 1846 1492 24

Trousers 1461 698 109

T-Shirts 410 368 12

Others 1211 824 47

Total 11015 9324 18

Channels

Channel wise sales break up Q3 FY 2019

12

bull MBO remains the dominant channel with 40 of revenue share

bull National Chain Stores sales grew 60 and it had a 27 share in revenues

bull E-Commerce sales grew 162

40

42

14

23

27

20

9

7

8

3

2

5

Q3 2019

Q3 2018

MBO Retail

National Chain Stores Factory Outlet

e-Commerce Overseas

Sales (Rs crs) Q3 2019 Q3 2018 Change

MBO 4461 3949 130

Retail 1594 2099 -24

National Chain Stores 2943 1844 60

Factory Outlet 962 677 42

e-Commerce 843 321 162

Overseas 212 434 -51

Total 11015 9324 18

Regional Distribution

bull Eastern region continues to be the largest region with 31 share

bull Western region sales grew by 49 and it had a 26 share in revenues

bull Southern region sales grew by 82

13

Region wise sales break up Q3 FY 2019

26

31

41

15

26

22

21

25

16

30

13

15

8

5

6

PopulationDistribution

Q3 2019

Q3 2018

East West South North Central

Sales (Rs crs) Q3 2019 Q3 2018 Change

East 3356 3635 -8

West 2845 1906 49

South 2649 1451 82

North 1423 1340 6

Central 530 558 -5

Domestic Sales 10803 8890 22

Overseas 212 434 -51

Total 11015 9324 18

Retail stores

14

Particulars COCO COMFO FOFO TotalK-Lounge 2 10 192 204

EBO 120 120

Factoy Outlet 1 - 1

Total 2 11 312 325

COCO - Company Owned Company OperatedCOMFO - Company Owned Management Franchisee OperatedFOFO - Franchisee Owned Franchisee Operated

Retail Stores (YTD) 311218 310318Existing 318 331

New opened 35 39

ConvertedRelocatedclosed 28 52

Work-in process 11 25

Total Retail Stores 336 343

Retail Matrix

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

15

Thank YouDisclaimer Certain statements in this document or explanation thereof during discussions may be forward looking statements Such forward looking statements are subject to certain risks and uncertainties like government actions direct and indirect tax structures local political or economic developments weather conditions deferring season technological risks overall market scenario and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements Kewal Kiran Clothing Limited(ldquoKKCLrdquo) will not be in anyway responsible for any action taken based on such statements and undertake s no obligation to publicly update these forward looking statement to reflect subsequent events or circumstances

• Slide Number 1
• Slide Number 2
• Operational Performance Q3 and YTD FY 2019
• Trend in Revenue
• Trend in Operating Profit
• Trend in Net Profit
• Balance Sheet (Assets)
• Balance Sheet (Liabilities)
• Ratios and Cash-flow Analysis
• Brands
• Products
• Channels
• Regional Distribution
• Retail stores
• Slide Number 15

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Particulars		COCO		COMFO		FOFO		Total
K-Lounge		2		10		192		204
EBO				120		120
Factoy Outlet			1		- 0		1
Total		2		11		312		325
COCO - Company Owned Company Operated
COMFO - Company Owned Management Franchisee Operated
FOFO - Franchisee Owned Franchisee Operated
Retail Stores (YTD)			311218			310318
Existing			318			331
New opened			35			39
Converted
Relocatedclosed			28			52
Work-in process			11			25
Total Retail Stores			336			343

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Particulars		COCO		COMFO		FOFO		Total
K-Lounge		2		10		192		204
EBO				120		120
Factoy Outlet			1		- 0		1
Total		2		11		312		325
COCO - Company Owned Company Operated
COMFO - Company Owned Management Franchisee Operated
FOFO - Franchisee Owned Franchisee Operated
Retail Stores (YTD)			311218			310318
Existing			318			331
New opened			35			39
Converted
Relocatedclosed			28			52
Work-in process			11			25
Total Retail Stores			336			343

	INDEX
	Contents		Page No
	Operational Performance Q3		3
	Trend in Revenue amp Operating profit		4-5
	Trend in Net Profit		6
	Balance Sheet		7-8
	Ratios and Cash Flow Analysis		9
	Brand		10
	Product		11
	Channels		12
	Regional Distribution		13
	Retail Stores		14

Operational Performance Q3 and YTD FY 2019

3

Q3 FY 2019 of Q3 FY 2018 of YTD FY 2019 of YTD FY 2018 ofRs crs sales Rs crs sales Variation Rs crs sales Rs crs sales Variation

Net Sales 11015 9324 36485 33669 Other operating income 095 114 444 358 Total Revenue 11110 10000 9438 10000 36929 10000 34027 10000

Cost of goods sold 4529 4076 3837 4065 011 14141 3829 14061 4132 -303Personnel cost 1811 1630 1534 1625 005 5649 1530 4912 1444 086Manufacturing and operating expenses 1083 975 846 896 078 3661 991 3373 991 000Administrative and other expenses 786 707 829 878 -171 2379 644 2362 694 -050Selling and distribution expenses 1348 1213 818 867 347 2615 708 2132 627 082Operational expenditure 9557 8602 7864 8332 270 28445 7703 26840 7888 -185

EBITDA 1553 1398 1574 1668 -270 8484 2297 7187 2112 185

Finance expenses 211 190 150 159 031 485 131 380 112 020Depreciation Ammotisation 243 219 150 159 060 570 154 423 124 030Other income 716 644 354 375 269 1517 411 1534 451 -040

Profit before tax (PBT) 1815 1634 1628 1725 -091 8946 2422 7918 2327 096Income Tax 538 484 590 625 2920 791 2539 746 045Profit after tax (PAT) 1277 1150 1038 1100 050 6026 1632 5379 1581 051

Trend in Revenue

4

Q3 FY2018-19bull Total Revenue grew by 1772bull Apparel sales quantity higher by 2175bull Apparel sales realization at Rs 900 per

unit

YTD FY2018-19bull Total Revenue grew by 853bull Apparel sales quantity higher by 981bull Apparel sales realization at Rs933 per

unit

943811110

9491156

000

5000

10000

15000

20000

25000

30000

Q3 FY 2018 Q3 FY 2019Total Revenue (Rs crs)Sales Quantity (units in lakhs)

3402736929

33703701

0005000

1000015000200002500030000350004000045000

YTD FY 2018 YTD FY 2019Total Revenue (Rs crs)Sales Quantity (units in lakhs)

Trend in Operating Profit

5

YTD FY2018-19

bull EBITDA higher by 18 at Rs 8484 crores

bull EBITDA margin higher and stood at 23

Q3 FY2018-19

bull EBITDA flat at Rs 1553 crores

bull EBITDA margin at 14

71878484

211 230

00

50

100

150

200

250

000100020003000400050006000700080009000

10000

YTD FY 2018 YTD FY 2019

EBITDA (Rs crs) EBITDA margin ()

1574 1553

167140

0246810121416182022242628303234

05

1015202530354045

Q3 FY 2018 Q3 FY 2019

EBITDA (Rs crs) EBITDA margin ()

Trend in Net Profit

6

Q3 FY2018-19bull PAT higher by 2305 and stood at Rs

1277 croresbull PAT margin higher at 115bull Quarterly EPS at Rs 1036 (842)

YTD FY2018-19bull PAT higher by 1202 and stood at Rs

6026 croresbull PAT margin higher at 163bull YTD EPS at Rs 4889 (4364)

53796026

158 163

0020406080100120140160180

000

1000

2000

3000

4000

5000

6000

7000

YTD FY 2018 YTD FY 2019

PAT (Rs crs) PAT margin ()

10381277

110115

00

50

100

150

200

250

300

000500

100015002000250030003500400045005000

Q3 FY 2018 Q3 FY 2019

PAT (Rs crs) PAT margin ()

Balance Sheet (Assets)

7

(Rs crs) As at Dec 2018 (Audited) As at Mar 2018 (Audited)Non-Current AssetsProperty Plant and Equipment 7792 6756 Capital Work in Progress 101 908 Investment Property 145 152 Other Intangible Assets 255 050 Intangible Assets under Development 015 015 Financial Assets Investments 17517 13713 Other Financial Assets 333 251 Other Non-Current Assets 256 232 Total Non-Current Assets 26414 22077

Current AssetsInventories 8359 5285 Financial Assets Investments 6240 9330 Trade Receivables 17128 12069 Cash amp Cash Equivalents 6161 6154 Bank balances 020 095 Other Financial Assets 187 144 Other Current Assets 745 529 Total Current Assets 38840 33606

Total Assets 65254 55683

Balance Sheet (Liabilities)

8

(Rs crs) As at Dec 2018 (Audited) As at Mar 2018 (Audited)EquityEquity Share Capital 1233 1233 Other Equity 42005 38732 Total Equity 43238 39965

Non-Current LiabilitiesProvisions 007 007 Deferred Tax Liability 482 460 Other non-current liabilities 141 159 Total Non-Current Liabilities 630 626

Current LiabilitiesFinancial Liabilities Borrowings 8528 4830 Trade Payables Due to Micro and Small Enterprises 026 026 Due to Others 5270 4325 Other financial liabilities 706 718 Other Current Liabilities 3405 2889 Provisions 3237 2233 Current Tax Liabilities (Net) 214 071 Total Current Liabilities 21386 15092

Total Equity and Liabilities 65254 55683

Ratios and Cash-flow Analysis

9

bull The financial position remains stable with healthy cash reserves

Cash Flows (in Rs crs) YTD FY2019

I Cash Flow from Operating Activity (008)Operating Profit before Working Capital Changes 8736 Adjustment for Working Capital (6152)Direct Taxes Paid (2592)

II Cash Flow from Investing Activity (522)(Purchase) Sale of Fixed Assets (997)(Purchase) Redemption of Investments in mutual funds amp Bank Deposits 457 Dividend Interest Income 018

III Cash Flow from Financing Activity 538 Secured Loans - Bank Overdraft (Net) 3698 Interest Paid (411)Dividend Paid (2749)

Cash and Cash Equivalents - Closing 6161

Ratios Q3 FY2019 Q3 FY2018

Debt Equity ratio 020 015

Current Ratio 196 234

Debtors turnover (days) 106 85

Creditors turnover (days) 47 40

Inventory turnover (days) 50 43

RONW 1927 1862

ROCE in operations 5558 5584ROCE 2186 2059

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

1

2

3

4

5

6

7

A

B

Ratios

Debt Equity ratio

Current Ratio

Brands

bull Killer continues to be dominant brand with 54 of revenue share

bull Integrity is the second largest brand with 22 share

Brand wise sales break up Q3 FY 2019

10

54

53

14

19

22

19

5

4

5

5

Q3 2019

Q3 2018

Killer Lawman Integriti Easies Other Brand

Sales (Rs crs) Q3 2019 Q3 2018 Change

Killer 5919 4951 20

Lawman 1505 1750 -14

Integriti 2486 1723 44

Easies 506 389 30

Other Brand 599 511 17

Total 11015 9324 18

Products

bull Jeans continues to be the dominant product and contributed 55 to revenues

bull Trousers sales grew 109 to Rs 1461 crores

11

Product wise sales break up Q3 FY 2019

55

64

17

16

13

4

4

4

11

12

Q3 2019

Q3 2018

Jeans Shirts Trousers T-Shirts Others

Sales (Rs crs) Q3 2019 Q3 2018 Change

Jeans 6087 5942 2

Shirts 1846 1492 24

Trousers 1461 698 109

T-Shirts 410 368 12

Others 1211 824 47

Total 11015 9324 18

Channels

Channel wise sales break up Q3 FY 2019

12

bull MBO remains the dominant channel with 40 of revenue share

bull National Chain Stores sales grew 60 and it had a 27 share in revenues

bull E-Commerce sales grew 162

40

42

14

23

27

20

9

7

8

3

2

5

Q3 2019

Q3 2018

MBO Retail

National Chain Stores Factory Outlet

e-Commerce Overseas

Sales (Rs crs) Q3 2019 Q3 2018 Change

MBO 4461 3949 130

Retail 1594 2099 -24

National Chain Stores 2943 1844 60

Factory Outlet 962 677 42

e-Commerce 843 321 162

Overseas 212 434 -51

Total 11015 9324 18

Regional Distribution

bull Eastern region continues to be the largest region with 31 share

bull Western region sales grew by 49 and it had a 26 share in revenues

bull Southern region sales grew by 82

13

Region wise sales break up Q3 FY 2019

26

31

41

15

26

22

21

25

16

30

13

15

8

5

6

PopulationDistribution

Q3 2019

Q3 2018

East West South North Central

Sales (Rs crs) Q3 2019 Q3 2018 Change

East 3356 3635 -8

West 2845 1906 49

South 2649 1451 82

North 1423 1340 6

Central 530 558 -5

Domestic Sales 10803 8890 22

Overseas 212 434 -51

Total 11015 9324 18

Retail stores

14

Particulars COCO COMFO FOFO TotalK-Lounge 2 10 192 204

EBO 120 120

Factoy Outlet 1 - 1

Total 2 11 312 325

COCO - Company Owned Company OperatedCOMFO - Company Owned Management Franchisee OperatedFOFO - Franchisee Owned Franchisee Operated

Retail Stores (YTD) 311218 310318Existing 318 331

New opened 35 39

ConvertedRelocatedclosed 28 52

Work-in process 11 25

Total Retail Stores 336 343

Retail Matrix

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

15

Thank YouDisclaimer Certain statements in this document or explanation thereof during discussions may be forward looking statements Such forward looking statements are subject to certain risks and uncertainties like government actions direct and indirect tax structures local political or economic developments weather conditions deferring season technological risks overall market scenario and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements Kewal Kiran Clothing Limited(ldquoKKCLrdquo) will not be in anyway responsible for any action taken based on such statements and undertake s no obligation to publicly update these forward looking statement to reflect subsequent events or circumstances

• Slide Number 1
• Slide Number 2
• Operational Performance Q3 and YTD FY 2019
• Trend in Revenue
• Trend in Operating Profit
• Trend in Net Profit
• Balance Sheet (Assets)
• Balance Sheet (Liabilities)
• Ratios and Cash-flow Analysis
• Brands
• Products
• Channels
• Regional Distribution
• Retail stores
• Slide Number 15

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Particulars		COCO		COMFO		FOFO		Total
K-Lounge		2		10		192		204
EBO				120		120
Factoy Outlet			1		- 0		1
Total		2		11		312		325
COCO - Company Owned Company Operated
COMFO - Company Owned Management Franchisee Operated
FOFO - Franchisee Owned Franchisee Operated
Retail Stores (YTD)			311218			310318
Existing			318			331
New opened			35			39
Converted
Relocatedclosed			28			52
Work-in process			11			25
Total Retail Stores			336			343

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Trend in Revenue

4

Q3 FY2018-19bull Total Revenue grew by 1772bull Apparel sales quantity higher by 2175bull Apparel sales realization at Rs 900 per

unit

YTD FY2018-19bull Total Revenue grew by 853bull Apparel sales quantity higher by 981bull Apparel sales realization at Rs933 per

unit

943811110

9491156

000

5000

10000

15000

20000

25000

30000

Q3 FY 2018 Q3 FY 2019Total Revenue (Rs crs)Sales Quantity (units in lakhs)

3402736929

33703701

0005000

1000015000200002500030000350004000045000

YTD FY 2018 YTD FY 2019Total Revenue (Rs crs)Sales Quantity (units in lakhs)

Trend in Operating Profit

5

YTD FY2018-19

bull EBITDA higher by 18 at Rs 8484 crores

bull EBITDA margin higher and stood at 23

Q3 FY2018-19

bull EBITDA flat at Rs 1553 crores

bull EBITDA margin at 14

71878484

211 230

00

50

100

150

200

250

000100020003000400050006000700080009000

10000

YTD FY 2018 YTD FY 2019

EBITDA (Rs crs) EBITDA margin ()

1574 1553

167140

0246810121416182022242628303234

05

1015202530354045

Q3 FY 2018 Q3 FY 2019

EBITDA (Rs crs) EBITDA margin ()

Trend in Net Profit

6

Q3 FY2018-19bull PAT higher by 2305 and stood at Rs

1277 croresbull PAT margin higher at 115bull Quarterly EPS at Rs 1036 (842)

YTD FY2018-19bull PAT higher by 1202 and stood at Rs

6026 croresbull PAT margin higher at 163bull YTD EPS at Rs 4889 (4364)

53796026

158 163

0020406080100120140160180

000

1000

2000

3000

4000

5000

6000

7000

YTD FY 2018 YTD FY 2019

PAT (Rs crs) PAT margin ()

10381277

110115

00

50

100

150

200

250

300

000500

100015002000250030003500400045005000

Q3 FY 2018 Q3 FY 2019

PAT (Rs crs) PAT margin ()

Balance Sheet (Assets)

7

(Rs crs) As at Dec 2018 (Audited) As at Mar 2018 (Audited)Non-Current AssetsProperty Plant and Equipment 7792 6756 Capital Work in Progress 101 908 Investment Property 145 152 Other Intangible Assets 255 050 Intangible Assets under Development 015 015 Financial Assets Investments 17517 13713 Other Financial Assets 333 251 Other Non-Current Assets 256 232 Total Non-Current Assets 26414 22077

Current AssetsInventories 8359 5285 Financial Assets Investments 6240 9330 Trade Receivables 17128 12069 Cash amp Cash Equivalents 6161 6154 Bank balances 020 095 Other Financial Assets 187 144 Other Current Assets 745 529 Total Current Assets 38840 33606

Total Assets 65254 55683

Balance Sheet (Liabilities)

8

(Rs crs) As at Dec 2018 (Audited) As at Mar 2018 (Audited)EquityEquity Share Capital 1233 1233 Other Equity 42005 38732 Total Equity 43238 39965

Non-Current LiabilitiesProvisions 007 007 Deferred Tax Liability 482 460 Other non-current liabilities 141 159 Total Non-Current Liabilities 630 626

Current LiabilitiesFinancial Liabilities Borrowings 8528 4830 Trade Payables Due to Micro and Small Enterprises 026 026 Due to Others 5270 4325 Other financial liabilities 706 718 Other Current Liabilities 3405 2889 Provisions 3237 2233 Current Tax Liabilities (Net) 214 071 Total Current Liabilities 21386 15092

Total Equity and Liabilities 65254 55683

Ratios and Cash-flow Analysis

9

bull The financial position remains stable with healthy cash reserves

Cash Flows (in Rs crs) YTD FY2019

I Cash Flow from Operating Activity (008)Operating Profit before Working Capital Changes 8736 Adjustment for Working Capital (6152)Direct Taxes Paid (2592)

II Cash Flow from Investing Activity (522)(Purchase) Sale of Fixed Assets (997)(Purchase) Redemption of Investments in mutual funds amp Bank Deposits 457 Dividend Interest Income 018

III Cash Flow from Financing Activity 538 Secured Loans - Bank Overdraft (Net) 3698 Interest Paid (411)Dividend Paid (2749)

Cash and Cash Equivalents - Closing 6161

Ratios Q3 FY2019 Q3 FY2018

Debt Equity ratio 020 015

Current Ratio 196 234

Debtors turnover (days) 106 85

Creditors turnover (days) 47 40

Inventory turnover (days) 50 43

RONW 1927 1862

ROCE in operations 5558 5584ROCE 2186 2059

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

1

2

3

4

5

6

7

A

B

Ratios

Debt Equity ratio

Current Ratio

Brands

bull Killer continues to be dominant brand with 54 of revenue share

bull Integrity is the second largest brand with 22 share

Brand wise sales break up Q3 FY 2019

10

54

53

14

19

22

19

5

4

5

5

Q3 2019

Q3 2018

Killer Lawman Integriti Easies Other Brand

Sales (Rs crs) Q3 2019 Q3 2018 Change

Killer 5919 4951 20

Lawman 1505 1750 -14

Integriti 2486 1723 44

Easies 506 389 30

Other Brand 599 511 17

Total 11015 9324 18

Products

bull Jeans continues to be the dominant product and contributed 55 to revenues

bull Trousers sales grew 109 to Rs 1461 crores

11

Product wise sales break up Q3 FY 2019

55

64

17

16

13

4

4

4

11

12

Q3 2019

Q3 2018

Jeans Shirts Trousers T-Shirts Others

Sales (Rs crs) Q3 2019 Q3 2018 Change

Jeans 6087 5942 2

Shirts 1846 1492 24

Trousers 1461 698 109

T-Shirts 410 368 12

Others 1211 824 47

Total 11015 9324 18

Channels

Channel wise sales break up Q3 FY 2019

12

bull MBO remains the dominant channel with 40 of revenue share

bull National Chain Stores sales grew 60 and it had a 27 share in revenues

bull E-Commerce sales grew 162

40

42

14

23

27

20

9

7

8

3

2

5

Q3 2019

Q3 2018

MBO Retail

National Chain Stores Factory Outlet

e-Commerce Overseas

Sales (Rs crs) Q3 2019 Q3 2018 Change

MBO 4461 3949 130

Retail 1594 2099 -24

National Chain Stores 2943 1844 60

Factory Outlet 962 677 42

e-Commerce 843 321 162

Overseas 212 434 -51

Total 11015 9324 18

Regional Distribution

bull Eastern region continues to be the largest region with 31 share

bull Western region sales grew by 49 and it had a 26 share in revenues

bull Southern region sales grew by 82

13

Region wise sales break up Q3 FY 2019

26

31

41

15

26

22

21

25

16

30

13

15

8

5

6

PopulationDistribution

Q3 2019

Q3 2018

East West South North Central

Sales (Rs crs) Q3 2019 Q3 2018 Change

East 3356 3635 -8

West 2845 1906 49

South 2649 1451 82

North 1423 1340 6

Central 530 558 -5

Domestic Sales 10803 8890 22

Overseas 212 434 -51

Total 11015 9324 18

Retail stores

14

Particulars COCO COMFO FOFO TotalK-Lounge 2 10 192 204

EBO 120 120

Factoy Outlet 1 - 1

Total 2 11 312 325

COCO - Company Owned Company OperatedCOMFO - Company Owned Management Franchisee OperatedFOFO - Franchisee Owned Franchisee Operated

Retail Stores (YTD) 311218 310318Existing 318 331

New opened 35 39

ConvertedRelocatedclosed 28 52

Work-in process 11 25

Total Retail Stores 336 343

Retail Matrix

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

15

Thank YouDisclaimer Certain statements in this document or explanation thereof during discussions may be forward looking statements Such forward looking statements are subject to certain risks and uncertainties like government actions direct and indirect tax structures local political or economic developments weather conditions deferring season technological risks overall market scenario and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements Kewal Kiran Clothing Limited(ldquoKKCLrdquo) will not be in anyway responsible for any action taken based on such statements and undertake s no obligation to publicly update these forward looking statement to reflect subsequent events or circumstances

• Slide Number 1
• Slide Number 2
• Operational Performance Q3 and YTD FY 2019
• Trend in Revenue
• Trend in Operating Profit
• Trend in Net Profit
• Balance Sheet (Assets)
• Balance Sheet (Liabilities)
• Ratios and Cash-flow Analysis
• Brands
• Products
• Channels
• Regional Distribution
• Retail stores
• Slide Number 15

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Particulars		COCO		COMFO		FOFO		Total
K-Lounge		2		10		192		204
EBO				120		120
Factoy Outlet			1		- 0		1
Total		2		11		312		325
COCO - Company Owned Company Operated
COMFO - Company Owned Management Franchisee Operated
FOFO - Franchisee Owned Franchisee Operated
Retail Stores (YTD)			311218			310318
Existing			318			331
New opened			35			39
Converted
Relocatedclosed			28			52
Work-in process			11			25
Total Retail Stores			336			343

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Trend in Operating Profit

5

YTD FY2018-19

bull EBITDA higher by 18 at Rs 8484 crores

bull EBITDA margin higher and stood at 23

Q3 FY2018-19

bull EBITDA flat at Rs 1553 crores

bull EBITDA margin at 14

71878484

211 230

00

50

100

150

200

250

000100020003000400050006000700080009000

10000

YTD FY 2018 YTD FY 2019

EBITDA (Rs crs) EBITDA margin ()

1574 1553

167140

0246810121416182022242628303234

05

1015202530354045

Q3 FY 2018 Q3 FY 2019

EBITDA (Rs crs) EBITDA margin ()

Trend in Net Profit

6

Q3 FY2018-19bull PAT higher by 2305 and stood at Rs

1277 croresbull PAT margin higher at 115bull Quarterly EPS at Rs 1036 (842)

YTD FY2018-19bull PAT higher by 1202 and stood at Rs

6026 croresbull PAT margin higher at 163bull YTD EPS at Rs 4889 (4364)

53796026

158 163

0020406080100120140160180

000

1000

2000

3000

4000

5000

6000

7000

YTD FY 2018 YTD FY 2019

PAT (Rs crs) PAT margin ()

10381277

110115

00

50

100

150

200

250

300

000500

100015002000250030003500400045005000

Q3 FY 2018 Q3 FY 2019

PAT (Rs crs) PAT margin ()

Balance Sheet (Assets)

7

(Rs crs) As at Dec 2018 (Audited) As at Mar 2018 (Audited)Non-Current AssetsProperty Plant and Equipment 7792 6756 Capital Work in Progress 101 908 Investment Property 145 152 Other Intangible Assets 255 050 Intangible Assets under Development 015 015 Financial Assets Investments 17517 13713 Other Financial Assets 333 251 Other Non-Current Assets 256 232 Total Non-Current Assets 26414 22077

Current AssetsInventories 8359 5285 Financial Assets Investments 6240 9330 Trade Receivables 17128 12069 Cash amp Cash Equivalents 6161 6154 Bank balances 020 095 Other Financial Assets 187 144 Other Current Assets 745 529 Total Current Assets 38840 33606

Total Assets 65254 55683

Balance Sheet (Liabilities)

8

(Rs crs) As at Dec 2018 (Audited) As at Mar 2018 (Audited)EquityEquity Share Capital 1233 1233 Other Equity 42005 38732 Total Equity 43238 39965

Non-Current LiabilitiesProvisions 007 007 Deferred Tax Liability 482 460 Other non-current liabilities 141 159 Total Non-Current Liabilities 630 626

Current LiabilitiesFinancial Liabilities Borrowings 8528 4830 Trade Payables Due to Micro and Small Enterprises 026 026 Due to Others 5270 4325 Other financial liabilities 706 718 Other Current Liabilities 3405 2889 Provisions 3237 2233 Current Tax Liabilities (Net) 214 071 Total Current Liabilities 21386 15092

Total Equity and Liabilities 65254 55683

Ratios and Cash-flow Analysis

9

bull The financial position remains stable with healthy cash reserves

Cash Flows (in Rs crs) YTD FY2019

I Cash Flow from Operating Activity (008)Operating Profit before Working Capital Changes 8736 Adjustment for Working Capital (6152)Direct Taxes Paid (2592)

II Cash Flow from Investing Activity (522)(Purchase) Sale of Fixed Assets (997)(Purchase) Redemption of Investments in mutual funds amp Bank Deposits 457 Dividend Interest Income 018

III Cash Flow from Financing Activity 538 Secured Loans - Bank Overdraft (Net) 3698 Interest Paid (411)Dividend Paid (2749)

Cash and Cash Equivalents - Closing 6161

Ratios Q3 FY2019 Q3 FY2018

Debt Equity ratio 020 015

Current Ratio 196 234

Debtors turnover (days) 106 85

Creditors turnover (days) 47 40

Inventory turnover (days) 50 43

RONW 1927 1862

ROCE in operations 5558 5584ROCE 2186 2059

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

1

2

3

4

5

6

7

A

B

Ratios

Debt Equity ratio

Current Ratio

Brands

bull Killer continues to be dominant brand with 54 of revenue share

bull Integrity is the second largest brand with 22 share

Brand wise sales break up Q3 FY 2019

10

54

53

14

19

22

19

5

4

5

5

Q3 2019

Q3 2018

Killer Lawman Integriti Easies Other Brand

Sales (Rs crs) Q3 2019 Q3 2018 Change

Killer 5919 4951 20

Lawman 1505 1750 -14

Integriti 2486 1723 44

Easies 506 389 30

Other Brand 599 511 17

Total 11015 9324 18

Products

bull Jeans continues to be the dominant product and contributed 55 to revenues

bull Trousers sales grew 109 to Rs 1461 crores

11

Product wise sales break up Q3 FY 2019

55

64

17

16

13

4

4

4

11

12

Q3 2019

Q3 2018

Jeans Shirts Trousers T-Shirts Others

Sales (Rs crs) Q3 2019 Q3 2018 Change

Jeans 6087 5942 2

Shirts 1846 1492 24

Trousers 1461 698 109

T-Shirts 410 368 12

Others 1211 824 47

Total 11015 9324 18

Channels

Channel wise sales break up Q3 FY 2019

12

bull MBO remains the dominant channel with 40 of revenue share

bull National Chain Stores sales grew 60 and it had a 27 share in revenues

bull E-Commerce sales grew 162

40

42

14

23

27

20

9

7

8

3

2

5

Q3 2019

Q3 2018

MBO Retail

National Chain Stores Factory Outlet

e-Commerce Overseas

Sales (Rs crs) Q3 2019 Q3 2018 Change

MBO 4461 3949 130

Retail 1594 2099 -24

National Chain Stores 2943 1844 60

Factory Outlet 962 677 42

e-Commerce 843 321 162

Overseas 212 434 -51

Total 11015 9324 18

Regional Distribution

bull Eastern region continues to be the largest region with 31 share

bull Western region sales grew by 49 and it had a 26 share in revenues

bull Southern region sales grew by 82

13

Region wise sales break up Q3 FY 2019

26

31

41

15

26

22

21

25

16

30

13

15

8

5

6

PopulationDistribution

Q3 2019

Q3 2018

East West South North Central

Sales (Rs crs) Q3 2019 Q3 2018 Change

East 3356 3635 -8

West 2845 1906 49

South 2649 1451 82

North 1423 1340 6

Central 530 558 -5

Domestic Sales 10803 8890 22

Overseas 212 434 -51

Total 11015 9324 18

Retail stores

14

Particulars COCO COMFO FOFO TotalK-Lounge 2 10 192 204

EBO 120 120

Factoy Outlet 1 - 1

Total 2 11 312 325

COCO - Company Owned Company OperatedCOMFO - Company Owned Management Franchisee OperatedFOFO - Franchisee Owned Franchisee Operated

Retail Stores (YTD) 311218 310318Existing 318 331

New opened 35 39

ConvertedRelocatedclosed 28 52

Work-in process 11 25

Total Retail Stores 336 343

Retail Matrix

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

15

Thank YouDisclaimer Certain statements in this document or explanation thereof during discussions may be forward looking statements Such forward looking statements are subject to certain risks and uncertainties like government actions direct and indirect tax structures local political or economic developments weather conditions deferring season technological risks overall market scenario and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements Kewal Kiran Clothing Limited(ldquoKKCLrdquo) will not be in anyway responsible for any action taken based on such statements and undertake s no obligation to publicly update these forward looking statement to reflect subsequent events or circumstances

• Slide Number 1
• Slide Number 2
• Operational Performance Q3 and YTD FY 2019
• Trend in Revenue
• Trend in Operating Profit
• Trend in Net Profit
• Balance Sheet (Assets)
• Balance Sheet (Liabilities)
• Ratios and Cash-flow Analysis
• Brands
• Products
• Channels
• Regional Distribution
• Retail stores
• Slide Number 15

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Particulars		COCO		COMFO		FOFO		Total
K-Lounge		2		10		192		204
EBO				120		120
Factoy Outlet			1		- 0		1
Total		2		11		312		325
COCO - Company Owned Company Operated
COMFO - Company Owned Management Franchisee Operated
FOFO - Franchisee Owned Franchisee Operated
Retail Stores (YTD)			311218			310318
Existing			318			331
New opened			35			39
Converted
Relocatedclosed			28			52
Work-in process			11			25
Total Retail Stores			336			343

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Trend in Net Profit

6

Q3 FY2018-19bull PAT higher by 2305 and stood at Rs

1277 croresbull PAT margin higher at 115bull Quarterly EPS at Rs 1036 (842)

YTD FY2018-19bull PAT higher by 1202 and stood at Rs

6026 croresbull PAT margin higher at 163bull YTD EPS at Rs 4889 (4364)

53796026

158 163

0020406080100120140160180

000

1000

2000

3000

4000

5000

6000

7000

YTD FY 2018 YTD FY 2019

PAT (Rs crs) PAT margin ()

10381277

110115

00

50

100

150

200

250

300

000500

100015002000250030003500400045005000

Q3 FY 2018 Q3 FY 2019

PAT (Rs crs) PAT margin ()

Balance Sheet (Assets)

7

(Rs crs) As at Dec 2018 (Audited) As at Mar 2018 (Audited)Non-Current AssetsProperty Plant and Equipment 7792 6756 Capital Work in Progress 101 908 Investment Property 145 152 Other Intangible Assets 255 050 Intangible Assets under Development 015 015 Financial Assets Investments 17517 13713 Other Financial Assets 333 251 Other Non-Current Assets 256 232 Total Non-Current Assets 26414 22077

Current AssetsInventories 8359 5285 Financial Assets Investments 6240 9330 Trade Receivables 17128 12069 Cash amp Cash Equivalents 6161 6154 Bank balances 020 095 Other Financial Assets 187 144 Other Current Assets 745 529 Total Current Assets 38840 33606

Total Assets 65254 55683

Balance Sheet (Liabilities)

8

(Rs crs) As at Dec 2018 (Audited) As at Mar 2018 (Audited)EquityEquity Share Capital 1233 1233 Other Equity 42005 38732 Total Equity 43238 39965

Non-Current LiabilitiesProvisions 007 007 Deferred Tax Liability 482 460 Other non-current liabilities 141 159 Total Non-Current Liabilities 630 626

Current LiabilitiesFinancial Liabilities Borrowings 8528 4830 Trade Payables Due to Micro and Small Enterprises 026 026 Due to Others 5270 4325 Other financial liabilities 706 718 Other Current Liabilities 3405 2889 Provisions 3237 2233 Current Tax Liabilities (Net) 214 071 Total Current Liabilities 21386 15092

Total Equity and Liabilities 65254 55683

Ratios and Cash-flow Analysis

9

bull The financial position remains stable with healthy cash reserves

Cash Flows (in Rs crs) YTD FY2019

I Cash Flow from Operating Activity (008)Operating Profit before Working Capital Changes 8736 Adjustment for Working Capital (6152)Direct Taxes Paid (2592)

II Cash Flow from Investing Activity (522)(Purchase) Sale of Fixed Assets (997)(Purchase) Redemption of Investments in mutual funds amp Bank Deposits 457 Dividend Interest Income 018

III Cash Flow from Financing Activity 538 Secured Loans - Bank Overdraft (Net) 3698 Interest Paid (411)Dividend Paid (2749)

Cash and Cash Equivalents - Closing 6161

Ratios Q3 FY2019 Q3 FY2018

Debt Equity ratio 020 015

Current Ratio 196 234

Debtors turnover (days) 106 85

Creditors turnover (days) 47 40

Inventory turnover (days) 50 43

RONW 1927 1862

ROCE in operations 5558 5584ROCE 2186 2059

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

1

2

3

4

5

6

7

A

B

Ratios

Debt Equity ratio

Current Ratio

Brands

bull Killer continues to be dominant brand with 54 of revenue share

bull Integrity is the second largest brand with 22 share

Brand wise sales break up Q3 FY 2019

10

54

53

14

19

22

19

5

4

5

5

Q3 2019

Q3 2018

Killer Lawman Integriti Easies Other Brand

Sales (Rs crs) Q3 2019 Q3 2018 Change

Killer 5919 4951 20

Lawman 1505 1750 -14

Integriti 2486 1723 44

Easies 506 389 30

Other Brand 599 511 17

Total 11015 9324 18

Products

bull Jeans continues to be the dominant product and contributed 55 to revenues

bull Trousers sales grew 109 to Rs 1461 crores

11

Product wise sales break up Q3 FY 2019

55

64

17

16

13

4

4

4

11

12

Q3 2019

Q3 2018

Jeans Shirts Trousers T-Shirts Others

Sales (Rs crs) Q3 2019 Q3 2018 Change

Jeans 6087 5942 2

Shirts 1846 1492 24

Trousers 1461 698 109

T-Shirts 410 368 12

Others 1211 824 47

Total 11015 9324 18

Channels

Channel wise sales break up Q3 FY 2019

12

bull MBO remains the dominant channel with 40 of revenue share

bull National Chain Stores sales grew 60 and it had a 27 share in revenues

bull E-Commerce sales grew 162

40

42

14

23

27

20

9

7

8

3

2

5

Q3 2019

Q3 2018

MBO Retail

National Chain Stores Factory Outlet

e-Commerce Overseas

Sales (Rs crs) Q3 2019 Q3 2018 Change

MBO 4461 3949 130

Retail 1594 2099 -24

National Chain Stores 2943 1844 60

Factory Outlet 962 677 42

e-Commerce 843 321 162

Overseas 212 434 -51

Total 11015 9324 18

Regional Distribution

bull Eastern region continues to be the largest region with 31 share

bull Western region sales grew by 49 and it had a 26 share in revenues

bull Southern region sales grew by 82

13

Region wise sales break up Q3 FY 2019

26

31

41

15

26

22

21

25

16

30

13

15

8

5

6

PopulationDistribution

Q3 2019

Q3 2018

East West South North Central

Sales (Rs crs) Q3 2019 Q3 2018 Change

East 3356 3635 -8

West 2845 1906 49

South 2649 1451 82

North 1423 1340 6

Central 530 558 -5

Domestic Sales 10803 8890 22

Overseas 212 434 -51

Total 11015 9324 18

Retail stores

14

Particulars COCO COMFO FOFO TotalK-Lounge 2 10 192 204

EBO 120 120

Factoy Outlet 1 - 1

Total 2 11 312 325

COCO - Company Owned Company OperatedCOMFO - Company Owned Management Franchisee OperatedFOFO - Franchisee Owned Franchisee Operated

Retail Stores (YTD) 311218 310318Existing 318 331

New opened 35 39

ConvertedRelocatedclosed 28 52

Work-in process 11 25

Total Retail Stores 336 343

Retail Matrix

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

15

Thank YouDisclaimer Certain statements in this document or explanation thereof during discussions may be forward looking statements Such forward looking statements are subject to certain risks and uncertainties like government actions direct and indirect tax structures local political or economic developments weather conditions deferring season technological risks overall market scenario and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements Kewal Kiran Clothing Limited(ldquoKKCLrdquo) will not be in anyway responsible for any action taken based on such statements and undertake s no obligation to publicly update these forward looking statement to reflect subsequent events or circumstances

• Slide Number 1
• Slide Number 2
• Operational Performance Q3 and YTD FY 2019
• Trend in Revenue
• Trend in Operating Profit
• Trend in Net Profit
• Balance Sheet (Assets)
• Balance Sheet (Liabilities)
• Ratios and Cash-flow Analysis
• Brands
• Products
• Channels
• Regional Distribution
• Retail stores
• Slide Number 15

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Particulars		COCO		COMFO		FOFO		Total
K-Lounge		2		10		192		204
EBO				120		120
Factoy Outlet			1		- 0		1
Total		2		11		312		325
COCO - Company Owned Company Operated
COMFO - Company Owned Management Franchisee Operated
FOFO - Franchisee Owned Franchisee Operated
Retail Stores (YTD)			311218			310318
Existing			318			331
New opened			35			39
Converted
Relocatedclosed			28			52
Work-in process			11			25
Total Retail Stores			336			343

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Balance Sheet (Assets)

7

(Rs crs) As at Dec 2018 (Audited) As at Mar 2018 (Audited)Non-Current AssetsProperty Plant and Equipment 7792 6756 Capital Work in Progress 101 908 Investment Property 145 152 Other Intangible Assets 255 050 Intangible Assets under Development 015 015 Financial Assets Investments 17517 13713 Other Financial Assets 333 251 Other Non-Current Assets 256 232 Total Non-Current Assets 26414 22077

Current AssetsInventories 8359 5285 Financial Assets Investments 6240 9330 Trade Receivables 17128 12069 Cash amp Cash Equivalents 6161 6154 Bank balances 020 095 Other Financial Assets 187 144 Other Current Assets 745 529 Total Current Assets 38840 33606

Total Assets 65254 55683

Balance Sheet (Liabilities)

8

(Rs crs) As at Dec 2018 (Audited) As at Mar 2018 (Audited)EquityEquity Share Capital 1233 1233 Other Equity 42005 38732 Total Equity 43238 39965

Non-Current LiabilitiesProvisions 007 007 Deferred Tax Liability 482 460 Other non-current liabilities 141 159 Total Non-Current Liabilities 630 626

Current LiabilitiesFinancial Liabilities Borrowings 8528 4830 Trade Payables Due to Micro and Small Enterprises 026 026 Due to Others 5270 4325 Other financial liabilities 706 718 Other Current Liabilities 3405 2889 Provisions 3237 2233 Current Tax Liabilities (Net) 214 071 Total Current Liabilities 21386 15092

Total Equity and Liabilities 65254 55683

Ratios and Cash-flow Analysis

9

bull The financial position remains stable with healthy cash reserves

Cash Flows (in Rs crs) YTD FY2019

I Cash Flow from Operating Activity (008)Operating Profit before Working Capital Changes 8736 Adjustment for Working Capital (6152)Direct Taxes Paid (2592)

II Cash Flow from Investing Activity (522)(Purchase) Sale of Fixed Assets (997)(Purchase) Redemption of Investments in mutual funds amp Bank Deposits 457 Dividend Interest Income 018

III Cash Flow from Financing Activity 538 Secured Loans - Bank Overdraft (Net) 3698 Interest Paid (411)Dividend Paid (2749)

Cash and Cash Equivalents - Closing 6161

Ratios Q3 FY2019 Q3 FY2018

Debt Equity ratio 020 015

Current Ratio 196 234

Debtors turnover (days) 106 85

Creditors turnover (days) 47 40

Inventory turnover (days) 50 43

RONW 1927 1862

ROCE in operations 5558 5584ROCE 2186 2059

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

1

2

3

4

5

6

7

A

B

Ratios

Debt Equity ratio

Current Ratio

Brands

bull Killer continues to be dominant brand with 54 of revenue share

bull Integrity is the second largest brand with 22 share

Brand wise sales break up Q3 FY 2019

10

54

53

14

19

22

19

5

4

5

5

Q3 2019

Q3 2018

Killer Lawman Integriti Easies Other Brand

Sales (Rs crs) Q3 2019 Q3 2018 Change

Killer 5919 4951 20

Lawman 1505 1750 -14

Integriti 2486 1723 44

Easies 506 389 30

Other Brand 599 511 17

Total 11015 9324 18

Products

bull Jeans continues to be the dominant product and contributed 55 to revenues

bull Trousers sales grew 109 to Rs 1461 crores

11

Product wise sales break up Q3 FY 2019

55

64

17

16

13

4

4

4

11

12

Q3 2019

Q3 2018

Jeans Shirts Trousers T-Shirts Others

Sales (Rs crs) Q3 2019 Q3 2018 Change

Jeans 6087 5942 2

Shirts 1846 1492 24

Trousers 1461 698 109

T-Shirts 410 368 12

Others 1211 824 47

Total 11015 9324 18

Channels

Channel wise sales break up Q3 FY 2019

12

bull MBO remains the dominant channel with 40 of revenue share

bull National Chain Stores sales grew 60 and it had a 27 share in revenues

bull E-Commerce sales grew 162

40

42

14

23

27

20

9

7

8

3

2

5

Q3 2019

Q3 2018

MBO Retail

National Chain Stores Factory Outlet

e-Commerce Overseas

Sales (Rs crs) Q3 2019 Q3 2018 Change

MBO 4461 3949 130

Retail 1594 2099 -24

National Chain Stores 2943 1844 60

Factory Outlet 962 677 42

e-Commerce 843 321 162

Overseas 212 434 -51

Total 11015 9324 18

Regional Distribution

bull Eastern region continues to be the largest region with 31 share

bull Western region sales grew by 49 and it had a 26 share in revenues

bull Southern region sales grew by 82

13

Region wise sales break up Q3 FY 2019

26

31

41

15

26

22

21

25

16

30

13

15

8

5

6

PopulationDistribution

Q3 2019

Q3 2018

East West South North Central

Sales (Rs crs) Q3 2019 Q3 2018 Change

East 3356 3635 -8

West 2845 1906 49

South 2649 1451 82

North 1423 1340 6

Central 530 558 -5

Domestic Sales 10803 8890 22

Overseas 212 434 -51

Total 11015 9324 18

Retail stores

14

Particulars COCO COMFO FOFO TotalK-Lounge 2 10 192 204

EBO 120 120

Factoy Outlet 1 - 1

Total 2 11 312 325

COCO - Company Owned Company OperatedCOMFO - Company Owned Management Franchisee OperatedFOFO - Franchisee Owned Franchisee Operated

Retail Stores (YTD) 311218 310318Existing 318 331

New opened 35 39

ConvertedRelocatedclosed 28 52

Work-in process 11 25

Total Retail Stores 336 343

Retail Matrix

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

15

Thank YouDisclaimer Certain statements in this document or explanation thereof during discussions may be forward looking statements Such forward looking statements are subject to certain risks and uncertainties like government actions direct and indirect tax structures local political or economic developments weather conditions deferring season technological risks overall market scenario and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements Kewal Kiran Clothing Limited(ldquoKKCLrdquo) will not be in anyway responsible for any action taken based on such statements and undertake s no obligation to publicly update these forward looking statement to reflect subsequent events or circumstances

• Slide Number 1
• Slide Number 2
• Operational Performance Q3 and YTD FY 2019
• Trend in Revenue
• Trend in Operating Profit
• Trend in Net Profit
• Balance Sheet (Assets)
• Balance Sheet (Liabilities)
• Ratios and Cash-flow Analysis
• Brands
• Products
• Channels
• Regional Distribution
• Retail stores
• Slide Number 15

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Particulars		COCO		COMFO		FOFO		Total
K-Lounge		2		10		192		204
EBO				120		120
Factoy Outlet			1		- 0		1
Total		2		11		312		325
COCO - Company Owned Company Operated
COMFO - Company Owned Management Franchisee Operated
FOFO - Franchisee Owned Franchisee Operated
Retail Stores (YTD)			311218			310318
Existing			318			331
New opened			35			39
Converted
Relocatedclosed			28			52
Work-in process			11			25
Total Retail Stores			336			343

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Balance Sheet (Liabilities)

8

(Rs crs) As at Dec 2018 (Audited) As at Mar 2018 (Audited)EquityEquity Share Capital 1233 1233 Other Equity 42005 38732 Total Equity 43238 39965

Non-Current LiabilitiesProvisions 007 007 Deferred Tax Liability 482 460 Other non-current liabilities 141 159 Total Non-Current Liabilities 630 626

Current LiabilitiesFinancial Liabilities Borrowings 8528 4830 Trade Payables Due to Micro and Small Enterprises 026 026 Due to Others 5270 4325 Other financial liabilities 706 718 Other Current Liabilities 3405 2889 Provisions 3237 2233 Current Tax Liabilities (Net) 214 071 Total Current Liabilities 21386 15092

Total Equity and Liabilities 65254 55683

Ratios and Cash-flow Analysis

9

bull The financial position remains stable with healthy cash reserves

Cash Flows (in Rs crs) YTD FY2019

I Cash Flow from Operating Activity (008)Operating Profit before Working Capital Changes 8736 Adjustment for Working Capital (6152)Direct Taxes Paid (2592)

II Cash Flow from Investing Activity (522)(Purchase) Sale of Fixed Assets (997)(Purchase) Redemption of Investments in mutual funds amp Bank Deposits 457 Dividend Interest Income 018

III Cash Flow from Financing Activity 538 Secured Loans - Bank Overdraft (Net) 3698 Interest Paid (411)Dividend Paid (2749)

Cash and Cash Equivalents - Closing 6161

Ratios Q3 FY2019 Q3 FY2018

Debt Equity ratio 020 015

Current Ratio 196 234

Debtors turnover (days) 106 85

Creditors turnover (days) 47 40

Inventory turnover (days) 50 43

RONW 1927 1862

ROCE in operations 5558 5584ROCE 2186 2059

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

1

2

3

4

5

6

7

A

B

Ratios

Debt Equity ratio

Current Ratio

Brands

bull Killer continues to be dominant brand with 54 of revenue share

bull Integrity is the second largest brand with 22 share

Brand wise sales break up Q3 FY 2019

10

54

53

14

19

22

19

5

4

5

5

Q3 2019

Q3 2018

Killer Lawman Integriti Easies Other Brand

Sales (Rs crs) Q3 2019 Q3 2018 Change

Killer 5919 4951 20

Lawman 1505 1750 -14

Integriti 2486 1723 44

Easies 506 389 30

Other Brand 599 511 17

Total 11015 9324 18

Products

bull Jeans continues to be the dominant product and contributed 55 to revenues

bull Trousers sales grew 109 to Rs 1461 crores

11

Product wise sales break up Q3 FY 2019

55

64

17

16

13

4

4

4

11

12

Q3 2019

Q3 2018

Jeans Shirts Trousers T-Shirts Others

Sales (Rs crs) Q3 2019 Q3 2018 Change

Jeans 6087 5942 2

Shirts 1846 1492 24

Trousers 1461 698 109

T-Shirts 410 368 12

Others 1211 824 47

Total 11015 9324 18

Channels

Channel wise sales break up Q3 FY 2019

12

bull MBO remains the dominant channel with 40 of revenue share

bull National Chain Stores sales grew 60 and it had a 27 share in revenues

bull E-Commerce sales grew 162

40

42

14

23

27

20

9

7

8

3

2

5

Q3 2019

Q3 2018

MBO Retail

National Chain Stores Factory Outlet

e-Commerce Overseas

Sales (Rs crs) Q3 2019 Q3 2018 Change

MBO 4461 3949 130

Retail 1594 2099 -24

National Chain Stores 2943 1844 60

Factory Outlet 962 677 42

e-Commerce 843 321 162

Overseas 212 434 -51

Total 11015 9324 18

Regional Distribution

bull Eastern region continues to be the largest region with 31 share

bull Western region sales grew by 49 and it had a 26 share in revenues

bull Southern region sales grew by 82

13

Region wise sales break up Q3 FY 2019

26

31

41

15

26

22

21

25

16

30

13

15

8

5

6

PopulationDistribution

Q3 2019

Q3 2018

East West South North Central

Sales (Rs crs) Q3 2019 Q3 2018 Change

East 3356 3635 -8

West 2845 1906 49

South 2649 1451 82

North 1423 1340 6

Central 530 558 -5

Domestic Sales 10803 8890 22

Overseas 212 434 -51

Total 11015 9324 18

Retail stores

14

Particulars COCO COMFO FOFO TotalK-Lounge 2 10 192 204

EBO 120 120

Factoy Outlet 1 - 1

Total 2 11 312 325

COCO - Company Owned Company OperatedCOMFO - Company Owned Management Franchisee OperatedFOFO - Franchisee Owned Franchisee Operated

Retail Stores (YTD) 311218 310318Existing 318 331

New opened 35 39

ConvertedRelocatedclosed 28 52

Work-in process 11 25

Total Retail Stores 336 343

Retail Matrix

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

15

Thank YouDisclaimer Certain statements in this document or explanation thereof during discussions may be forward looking statements Such forward looking statements are subject to certain risks and uncertainties like government actions direct and indirect tax structures local political or economic developments weather conditions deferring season technological risks overall market scenario and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements Kewal Kiran Clothing Limited(ldquoKKCLrdquo) will not be in anyway responsible for any action taken based on such statements and undertake s no obligation to publicly update these forward looking statement to reflect subsequent events or circumstances

• Slide Number 1
• Slide Number 2
• Operational Performance Q3 and YTD FY 2019
• Trend in Revenue
• Trend in Operating Profit
• Trend in Net Profit
• Balance Sheet (Assets)
• Balance Sheet (Liabilities)
• Ratios and Cash-flow Analysis
• Brands
• Products
• Channels
• Regional Distribution
• Retail stores
• Slide Number 15

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Particulars		COCO		COMFO		FOFO		Total
K-Lounge		2		10		192		204
EBO				120		120
Factoy Outlet			1		- 0		1
Total		2		11		312		325
COCO - Company Owned Company Operated
COMFO - Company Owned Management Franchisee Operated
FOFO - Franchisee Owned Franchisee Operated
Retail Stores (YTD)			311218			310318
Existing			318			331
New opened			35			39
Converted
Relocatedclosed			28			52
Work-in process			11			25
Total Retail Stores			336			343

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Ratios and Cash-flow Analysis

9

bull The financial position remains stable with healthy cash reserves

Cash Flows (in Rs crs) YTD FY2019

I Cash Flow from Operating Activity (008)Operating Profit before Working Capital Changes 8736 Adjustment for Working Capital (6152)Direct Taxes Paid (2592)

II Cash Flow from Investing Activity (522)(Purchase) Sale of Fixed Assets (997)(Purchase) Redemption of Investments in mutual funds amp Bank Deposits 457 Dividend Interest Income 018

III Cash Flow from Financing Activity 538 Secured Loans - Bank Overdraft (Net) 3698 Interest Paid (411)Dividend Paid (2749)

Cash and Cash Equivalents - Closing 6161

Ratios Q3 FY2019 Q3 FY2018

Debt Equity ratio 020 015

Current Ratio 196 234

Debtors turnover (days) 106 85

Creditors turnover (days) 47 40

Inventory turnover (days) 50 43

RONW 1927 1862

ROCE in operations 5558 5584ROCE 2186 2059

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

1

2

3

4

5

6

7

A

B

Ratios

Debt Equity ratio

Current Ratio

Brands

bull Killer continues to be dominant brand with 54 of revenue share

bull Integrity is the second largest brand with 22 share

Brand wise sales break up Q3 FY 2019

10

54

53

14

19

22

19

5

4

5

5

Q3 2019

Q3 2018

Killer Lawman Integriti Easies Other Brand

Sales (Rs crs) Q3 2019 Q3 2018 Change

Killer 5919 4951 20

Lawman 1505 1750 -14

Integriti 2486 1723 44

Easies 506 389 30

Other Brand 599 511 17

Total 11015 9324 18

Products

bull Jeans continues to be the dominant product and contributed 55 to revenues

bull Trousers sales grew 109 to Rs 1461 crores

11

Product wise sales break up Q3 FY 2019

55

64

17

16

13

4

4

4

11

12

Q3 2019

Q3 2018

Jeans Shirts Trousers T-Shirts Others

Sales (Rs crs) Q3 2019 Q3 2018 Change

Jeans 6087 5942 2

Shirts 1846 1492 24

Trousers 1461 698 109

T-Shirts 410 368 12

Others 1211 824 47

Total 11015 9324 18

Channels

Channel wise sales break up Q3 FY 2019

12

bull MBO remains the dominant channel with 40 of revenue share

bull National Chain Stores sales grew 60 and it had a 27 share in revenues

bull E-Commerce sales grew 162

40

42

14

23

27

20

9

7

8

3

2

5

Q3 2019

Q3 2018

MBO Retail

National Chain Stores Factory Outlet

e-Commerce Overseas

Sales (Rs crs) Q3 2019 Q3 2018 Change

MBO 4461 3949 130

Retail 1594 2099 -24

National Chain Stores 2943 1844 60

Factory Outlet 962 677 42

e-Commerce 843 321 162

Overseas 212 434 -51

Total 11015 9324 18

Regional Distribution

bull Eastern region continues to be the largest region with 31 share

bull Western region sales grew by 49 and it had a 26 share in revenues

bull Southern region sales grew by 82

13

Region wise sales break up Q3 FY 2019

26

31

41

15

26

22

21

25

16

30

13

15

8

5

6

PopulationDistribution

Q3 2019

Q3 2018

East West South North Central

Sales (Rs crs) Q3 2019 Q3 2018 Change

East 3356 3635 -8

West 2845 1906 49

South 2649 1451 82

North 1423 1340 6

Central 530 558 -5

Domestic Sales 10803 8890 22

Overseas 212 434 -51

Total 11015 9324 18

Retail stores

14

Particulars COCO COMFO FOFO TotalK-Lounge 2 10 192 204

EBO 120 120

Factoy Outlet 1 - 1

Total 2 11 312 325

COCO - Company Owned Company OperatedCOMFO - Company Owned Management Franchisee OperatedFOFO - Franchisee Owned Franchisee Operated

Retail Stores (YTD) 311218 310318Existing 318 331

New opened 35 39

ConvertedRelocatedclosed 28 52

Work-in process 11 25

Total Retail Stores 336 343

Retail Matrix

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

15

Thank YouDisclaimer Certain statements in this document or explanation thereof during discussions may be forward looking statements Such forward looking statements are subject to certain risks and uncertainties like government actions direct and indirect tax structures local political or economic developments weather conditions deferring season technological risks overall market scenario and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements Kewal Kiran Clothing Limited(ldquoKKCLrdquo) will not be in anyway responsible for any action taken based on such statements and undertake s no obligation to publicly update these forward looking statement to reflect subsequent events or circumstances

• Slide Number 1
• Slide Number 2
• Operational Performance Q3 and YTD FY 2019
• Trend in Revenue
• Trend in Operating Profit
• Trend in Net Profit
• Balance Sheet (Assets)
• Balance Sheet (Liabilities)
• Ratios and Cash-flow Analysis
• Brands
• Products
• Channels
• Regional Distribution
• Retail stores
• Slide Number 15

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Particulars		COCO		COMFO		FOFO		Total
K-Lounge		2		10		192		204
EBO				120		120
Factoy Outlet			1		- 0		1
Total		2		11		312		325
COCO - Company Owned Company Operated
COMFO - Company Owned Management Franchisee Operated
FOFO - Franchisee Owned Franchisee Operated
Retail Stores (YTD)			311218			310318
Existing			318			331
New opened			35			39
Converted
Relocatedclosed			28			52
Work-in process			11			25
Total Retail Stores			336			343

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Brands

bull Killer continues to be dominant brand with 54 of revenue share

bull Integrity is the second largest brand with 22 share

Brand wise sales break up Q3 FY 2019

10

54

53

14

19

22

19

5

4

5

5

Q3 2019

Q3 2018

Killer Lawman Integriti Easies Other Brand

Sales (Rs crs) Q3 2019 Q3 2018 Change

Killer 5919 4951 20

Lawman 1505 1750 -14

Integriti 2486 1723 44

Easies 506 389 30

Other Brand 599 511 17

Total 11015 9324 18

Products

bull Jeans continues to be the dominant product and contributed 55 to revenues

bull Trousers sales grew 109 to Rs 1461 crores

11

Product wise sales break up Q3 FY 2019

55

64

17

16

13

4

4

4

11

12

Q3 2019

Q3 2018

Jeans Shirts Trousers T-Shirts Others

Sales (Rs crs) Q3 2019 Q3 2018 Change

Jeans 6087 5942 2

Shirts 1846 1492 24

Trousers 1461 698 109

T-Shirts 410 368 12

Others 1211 824 47

Total 11015 9324 18

Channels

Channel wise sales break up Q3 FY 2019

12

bull MBO remains the dominant channel with 40 of revenue share

bull National Chain Stores sales grew 60 and it had a 27 share in revenues

bull E-Commerce sales grew 162

40

42

14

23

27

20

9

7

8

3

2

5

Q3 2019

Q3 2018

MBO Retail

National Chain Stores Factory Outlet

e-Commerce Overseas

Sales (Rs crs) Q3 2019 Q3 2018 Change

MBO 4461 3949 130

Retail 1594 2099 -24

National Chain Stores 2943 1844 60

Factory Outlet 962 677 42

e-Commerce 843 321 162

Overseas 212 434 -51

Total 11015 9324 18

Regional Distribution

bull Eastern region continues to be the largest region with 31 share

bull Western region sales grew by 49 and it had a 26 share in revenues

bull Southern region sales grew by 82

13

Region wise sales break up Q3 FY 2019

26

31

41

15

26

22

21

25

16

30

13

15

8

5

6

PopulationDistribution

Q3 2019

Q3 2018

East West South North Central

Sales (Rs crs) Q3 2019 Q3 2018 Change

East 3356 3635 -8

West 2845 1906 49

South 2649 1451 82

North 1423 1340 6

Central 530 558 -5

Domestic Sales 10803 8890 22

Overseas 212 434 -51

Total 11015 9324 18

Retail stores

14

Particulars COCO COMFO FOFO TotalK-Lounge 2 10 192 204

EBO 120 120

Factoy Outlet 1 - 1

Total 2 11 312 325

COCO - Company Owned Company OperatedCOMFO - Company Owned Management Franchisee OperatedFOFO - Franchisee Owned Franchisee Operated

Retail Stores (YTD) 311218 310318Existing 318 331

New opened 35 39

ConvertedRelocatedclosed 28 52

Work-in process 11 25

Total Retail Stores 336 343

Retail Matrix

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

15

Thank YouDisclaimer Certain statements in this document or explanation thereof during discussions may be forward looking statements Such forward looking statements are subject to certain risks and uncertainties like government actions direct and indirect tax structures local political or economic developments weather conditions deferring season technological risks overall market scenario and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements Kewal Kiran Clothing Limited(ldquoKKCLrdquo) will not be in anyway responsible for any action taken based on such statements and undertake s no obligation to publicly update these forward looking statement to reflect subsequent events or circumstances

• Slide Number 1
• Slide Number 2
• Operational Performance Q3 and YTD FY 2019
• Trend in Revenue
• Trend in Operating Profit
• Trend in Net Profit
• Balance Sheet (Assets)
• Balance Sheet (Liabilities)
• Ratios and Cash-flow Analysis
• Brands
• Products
• Channels
• Regional Distribution
• Retail stores
• Slide Number 15

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Particulars		COCO		COMFO		FOFO		Total
K-Lounge		2		10		192		204
EBO				120		120
Factoy Outlet			1		- 0		1
Total		2		11		312		325
COCO - Company Owned Company Operated
COMFO - Company Owned Management Franchisee Operated
FOFO - Franchisee Owned Franchisee Operated
Retail Stores (YTD)			311218			310318
Existing			318			331
New opened			35			39
Converted
Relocatedclosed			28			52
Work-in process			11			25
Total Retail Stores			336			343

Products

bull Jeans continues to be the dominant product and contributed 55 to revenues

bull Trousers sales grew 109 to Rs 1461 crores

11

Product wise sales break up Q3 FY 2019

55

64

17

16

13

4

4

4

11

12

Q3 2019

Q3 2018

Jeans Shirts Trousers T-Shirts Others

Sales (Rs crs) Q3 2019 Q3 2018 Change

Jeans 6087 5942 2

Shirts 1846 1492 24

Trousers 1461 698 109

T-Shirts 410 368 12

Others 1211 824 47

Total 11015 9324 18

Channels

Channel wise sales break up Q3 FY 2019

12

bull MBO remains the dominant channel with 40 of revenue share

bull National Chain Stores sales grew 60 and it had a 27 share in revenues

bull E-Commerce sales grew 162

40

42

14

23

27

20

9

7

8

3

2

5

Q3 2019

Q3 2018

MBO Retail

National Chain Stores Factory Outlet

e-Commerce Overseas

Sales (Rs crs) Q3 2019 Q3 2018 Change

MBO 4461 3949 130

Retail 1594 2099 -24

National Chain Stores 2943 1844 60

Factory Outlet 962 677 42

e-Commerce 843 321 162

Overseas 212 434 -51

Total 11015 9324 18

Regional Distribution

bull Eastern region continues to be the largest region with 31 share

bull Western region sales grew by 49 and it had a 26 share in revenues

bull Southern region sales grew by 82

13

Region wise sales break up Q3 FY 2019

26

31

41

15

26

22

21

25

16

30

13

15

8

5

6

PopulationDistribution

Q3 2019

Q3 2018

East West South North Central

Sales (Rs crs) Q3 2019 Q3 2018 Change

East 3356 3635 -8

West 2845 1906 49

South 2649 1451 82

North 1423 1340 6

Central 530 558 -5

Domestic Sales 10803 8890 22

Overseas 212 434 -51

Total 11015 9324 18

Retail stores

14

Particulars COCO COMFO FOFO TotalK-Lounge 2 10 192 204

EBO 120 120

Factoy Outlet 1 - 1

Total 2 11 312 325

COCO - Company Owned Company OperatedCOMFO - Company Owned Management Franchisee OperatedFOFO - Franchisee Owned Franchisee Operated

Retail Stores (YTD) 311218 310318Existing 318 331

New opened 35 39

ConvertedRelocatedclosed 28 52

Work-in process 11 25

Total Retail Stores 336 343

Retail Matrix

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

15

Thank YouDisclaimer Certain statements in this document or explanation thereof during discussions may be forward looking statements Such forward looking statements are subject to certain risks and uncertainties like government actions direct and indirect tax structures local political or economic developments weather conditions deferring season technological risks overall market scenario and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements Kewal Kiran Clothing Limited(ldquoKKCLrdquo) will not be in anyway responsible for any action taken based on such statements and undertake s no obligation to publicly update these forward looking statement to reflect subsequent events or circumstances

• Slide Number 1
• Slide Number 2
• Operational Performance Q3 and YTD FY 2019
• Trend in Revenue
• Trend in Operating Profit
• Trend in Net Profit
• Balance Sheet (Assets)
• Balance Sheet (Liabilities)
• Ratios and Cash-flow Analysis
• Brands
• Products
• Channels
• Regional Distribution
• Retail stores
• Slide Number 15

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Particulars		COCO		COMFO		FOFO		Total
K-Lounge		2		10		192		204
EBO				120		120
Factoy Outlet			1		- 0		1
Total		2		11		312		325
COCO - Company Owned Company Operated
COMFO - Company Owned Management Franchisee Operated
FOFO - Franchisee Owned Franchisee Operated
Retail Stores (YTD)			311218			310318
Existing			318			331
New opened			35			39
Converted
Relocatedclosed			28			52
Work-in process			11			25
Total Retail Stores			336			343

Channels

Channel wise sales break up Q3 FY 2019

12

bull MBO remains the dominant channel with 40 of revenue share

bull National Chain Stores sales grew 60 and it had a 27 share in revenues

bull E-Commerce sales grew 162

40

42

14

23

27

20

9

7

8

3

2

5

Q3 2019

Q3 2018

MBO Retail

National Chain Stores Factory Outlet

e-Commerce Overseas

Sales (Rs crs) Q3 2019 Q3 2018 Change

MBO 4461 3949 130

Retail 1594 2099 -24

National Chain Stores 2943 1844 60

Factory Outlet 962 677 42

e-Commerce 843 321 162

Overseas 212 434 -51

Total 11015 9324 18

Regional Distribution

bull Eastern region continues to be the largest region with 31 share

bull Western region sales grew by 49 and it had a 26 share in revenues

bull Southern region sales grew by 82

13

Region wise sales break up Q3 FY 2019

26

31

41

15

26

22

21

25

16

30

13

15

8

5

6

PopulationDistribution

Q3 2019

Q3 2018

East West South North Central

Sales (Rs crs) Q3 2019 Q3 2018 Change

East 3356 3635 -8

West 2845 1906 49

South 2649 1451 82

North 1423 1340 6

Central 530 558 -5

Domestic Sales 10803 8890 22

Overseas 212 434 -51

Total 11015 9324 18

Retail stores

14

Particulars COCO COMFO FOFO TotalK-Lounge 2 10 192 204

EBO 120 120

Factoy Outlet 1 - 1

Total 2 11 312 325

COCO - Company Owned Company OperatedCOMFO - Company Owned Management Franchisee OperatedFOFO - Franchisee Owned Franchisee Operated

Retail Stores (YTD) 311218 310318Existing 318 331

New opened 35 39

ConvertedRelocatedclosed 28 52

Work-in process 11 25

Total Retail Stores 336 343

Retail Matrix

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

15

Thank YouDisclaimer Certain statements in this document or explanation thereof during discussions may be forward looking statements Such forward looking statements are subject to certain risks and uncertainties like government actions direct and indirect tax structures local political or economic developments weather conditions deferring season technological risks overall market scenario and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements Kewal Kiran Clothing Limited(ldquoKKCLrdquo) will not be in anyway responsible for any action taken based on such statements and undertake s no obligation to publicly update these forward looking statement to reflect subsequent events or circumstances

• Slide Number 1
• Slide Number 2
• Operational Performance Q3 and YTD FY 2019
• Trend in Revenue
• Trend in Operating Profit
• Trend in Net Profit
• Balance Sheet (Assets)
• Balance Sheet (Liabilities)
• Ratios and Cash-flow Analysis
• Brands
• Products
• Channels
• Regional Distribution
• Retail stores
• Slide Number 15

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Particulars		COCO		COMFO		FOFO		Total
K-Lounge		2		10		192		204
EBO				120		120
Factoy Outlet			1		- 0		1
Total		2		11		312		325
COCO - Company Owned Company Operated
COMFO - Company Owned Management Franchisee Operated
FOFO - Franchisee Owned Franchisee Operated
Retail Stores (YTD)			311218			310318
Existing			318			331
New opened			35			39
Converted
Relocatedclosed			28			52
Work-in process			11			25
Total Retail Stores			336			343

Regional Distribution

bull Eastern region continues to be the largest region with 31 share

bull Western region sales grew by 49 and it had a 26 share in revenues

bull Southern region sales grew by 82

13

Region wise sales break up Q3 FY 2019

26

31

41

15

26

22

21

25

16

30

13

15

8

5

6

PopulationDistribution

Q3 2019

Q3 2018

East West South North Central

Sales (Rs crs) Q3 2019 Q3 2018 Change

East 3356 3635 -8

West 2845 1906 49

South 2649 1451 82

North 1423 1340 6

Central 530 558 -5

Domestic Sales 10803 8890 22

Overseas 212 434 -51

Total 11015 9324 18

Retail stores

14

Particulars COCO COMFO FOFO TotalK-Lounge 2 10 192 204

EBO 120 120

Factoy Outlet 1 - 1

Total 2 11 312 325

COCO - Company Owned Company OperatedCOMFO - Company Owned Management Franchisee OperatedFOFO - Franchisee Owned Franchisee Operated

Retail Stores (YTD) 311218 310318Existing 318 331

New opened 35 39

ConvertedRelocatedclosed 28 52

Work-in process 11 25

Total Retail Stores 336 343

Retail Matrix

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

15

Thank YouDisclaimer Certain statements in this document or explanation thereof during discussions may be forward looking statements Such forward looking statements are subject to certain risks and uncertainties like government actions direct and indirect tax structures local political or economic developments weather conditions deferring season technological risks overall market scenario and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements Kewal Kiran Clothing Limited(ldquoKKCLrdquo) will not be in anyway responsible for any action taken based on such statements and undertake s no obligation to publicly update these forward looking statement to reflect subsequent events or circumstances

• Slide Number 1
• Slide Number 2
• Operational Performance Q3 and YTD FY 2019
• Trend in Revenue
• Trend in Operating Profit
• Trend in Net Profit
• Balance Sheet (Assets)
• Balance Sheet (Liabilities)
• Ratios and Cash-flow Analysis
• Brands
• Products
• Channels
• Regional Distribution
• Retail stores
• Slide Number 15

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Particulars		COCO		COMFO		FOFO		Total
K-Lounge		2		10		192		204
EBO				120		120
Factoy Outlet			1		- 0		1
Total		2		11		312		325
COCO - Company Owned Company Operated
COMFO - Company Owned Management Franchisee Operated
FOFO - Franchisee Owned Franchisee Operated
Retail Stores (YTD)			311218			310318
Existing			318			331
New opened			35			39
Converted
Relocatedclosed			28			52
Work-in process			11			25
Total Retail Stores			336			343

Retail stores

14

Particulars COCO COMFO FOFO TotalK-Lounge 2 10 192 204

EBO 120 120

Factoy Outlet 1 - 1

Total 2 11 312 325

COCO - Company Owned Company OperatedCOMFO - Company Owned Management Franchisee OperatedFOFO - Franchisee Owned Franchisee Operated

Retail Stores (YTD) 311218 310318Existing 318 331

New opened 35 39

ConvertedRelocatedclosed 28 52

Work-in process 11 25

Total Retail Stores 336 343

Retail Matrix

Metrics

EBITDA (Rs crs)

YTD FY 2018YTD FY 20197186949053821828784838579799999991EBITDA margin ()

YTD FY 2018YTD FY 2019021121312645316451022973430041430851

EBITDA (Rs crs)

Q3 FY 2018Q3 FY 201915741187732999901155292826EBITDA margin ()

Q3 FY 2018Q3 FY 2019016678520590167303013977173402361379

PAT (Rs crs)

YTD FY 2018YTD FY 20195379389053821829260261851575999906PAT margin ()

YTD FY 2018YTD FY 2019015809178163875245016318300407809555

PAT (Rs crs)

Q3 FY 2018Q3 FY 20191037522957299990112766633751999999PAT margin ()

Q3 FY 2018Q3 FY 20190109930383269759501149064372852249

RONW

YTD FY 2018YTD FY 2019ROCE

YTD FY 2018YTD FY 2019

Cash Profit

Q3 FY 2018Q3 FY 201925192516Cash and Bank Balances

Q3 FY 2018Q3 FY 20192834465086999999829352320000000003

Total Revenue (Rs crs)

YTD FY 2018YTD FY 20193402736929Sales Quantity (units in lakhs)

YTD FY 2018YTD FY 20193370456000000000137011279999999999

Total Revenue (Rs crs)

Q3 FY 2018Q3 FY 201994381111046Sales Quantity (units in lakhs)

Q3 FY 2018Q3 FY 2019949071999999999961155509

Addiction Edit-x

Realisation-x

Quarter Stacks

Quarter Graphs

Killer

Q3 2019Q3 2018053731852032661198053102142167080224Lawman

Q3 2019Q3 2018013661986263240972018765862780666026Integriti

Q3 2019Q3 2018022019Easies

Q3 2019Q3 201845943900514698391E-241709285170634929E-2Other Brand

Q3 2019Q3 201854387114022766456E-254840023696924062E-2

East

Population DistributionQ3 2019Q3 2018025694544720900936031066038749625496040888527418514425West

Population DistributionQ3 2019Q3 201801474277620118880402633685897236705022South

Population DistributionQ3 2019Q3 2018021394317335947358024518643094316728016326913471994645North

Population DistributionQ3 2019Q3 2018030066163982994365013176348318971046015068067795253792Central

Population DistributionQ3 2019Q3 201881021977589685351E-249021108647196825E-262745172950455258E-2

Jeans

Q3 2019Q3 2018055258168053593193063728125094778643Shirts

Q3 2019Q3 2018016755874630254203015998645288697957Trousers

Q3 2019Q3 20180132617955900640184218074793893746E-2T-Shirts

Q3 2019Q3 201837256651305370585E-239452745486366472E-2Others

Q3 2019Q3 201801099849659555152012109880273993016

MBO

Q3 2019Q3 2018040496963571088007042348029005951104Retail

Q3 2019Q3 2018014469783010091927022509370216999094National Chain Stores

Q3 2019Q3 2018026722000548512875019781781735865758Factory Outlet

Q3 2019Q3 201887323058368234382E-272600732861432857E-2e-Commerce

Q3 2019Q3 201876536572997675925E-234461725032175039E-2Overseas

Q3 2019Q3 201819252897337161515E-246545732518232526E-2

PampL

BS

CF

Ratios

Cash - Workings

Store Data Q3 FY 2012

Store Data Q2 FY 2012

Store Data Q1 FY2012

15

Thank YouDisclaimer Certain statements in this document or explanation thereof during discussions may be forward looking statements Such forward looking statements are subject to certain risks and uncertainties like government actions direct and indirect tax structures local political or economic developments weather conditions deferring season technological risks overall market scenario and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements Kewal Kiran Clothing Limited(ldquoKKCLrdquo) will not be in anyway responsible for any action taken based on such statements and undertake s no obligation to publicly update these forward looking statement to reflect subsequent events or circumstances

• Slide Number 1
• Slide Number 2
• Operational Performance Q3 and YTD FY 2019
• Trend in Revenue
• Trend in Operating Profit
• Trend in Net Profit
• Balance Sheet (Assets)
• Balance Sheet (Liabilities)
• Ratios and Cash-flow Analysis
• Brands
• Products
• Channels
• Regional Distribution
• Retail stores
• Slide Number 15

	Particulars		COCO		COMFO		FOFO		Total
	K-Lounge		1		11		102		114
	Killer EBO			3		37		40
	LawmanPg3-EBO			4		2		6
	Integriti-EBO				29		29
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		175		200
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			310611			310311
	Existing			174			141
	New opened			29			43
	Closures			3			10
	Work-in process			24
	Total Retail Stores			224			174

	Particulars		COCO		COMFO		FOFO		Total					Q2 Openings				Q2 Closings
	K-Lounge		1		11		113		125					13		K-Lounge			2		K-Lounge
	Killer EBO			3		45		48					9		Killer			1		Killer
	LawmanPg3-EBO			4		3		7					1		Lawman
	Integriti-EBO				32		32					5		Integriti			2		Integriti
	Addiction-EBO				5		4
	Factoy Outlet			7			7
	Total		1		25		198		223					28				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			300911			300611
	Existing			200			174
	New opened			28			29
	Closures			5			3
	Work-in process			31
	Total Retail Stores			254			200

	Particulars		COCO		COMFO		FOFO		Total					Q3 Openings				Q3 Closings				Q2 Openings				Q2 Closings
	K-Lounge		1		11		118		130				5		10		K-Lounge			5		K-Lounge			10		K-Lounge			2		K-Lounge
	Killer EBO			3		51		54				6		7		Killer			1		Killer			9		Killer			1		Killer
	LawmanPg3-EBO			4		5		9				2		2		Lawman			0		Lawman			1		Lawman
	Integriti-EBO				37		37				5		7		Integriti			2		Integriti			5		Integriti			2		Integriti
	Addiction-EBO				3		3				-2		0		Addiction			2		Addiction
	Factoy Outlet			7			7				0		0		Factory outlet			0		Factory outlet
	Total		1		25		214		240					26				10				25				5
	COCO - Company Owned Company Operated
	COMFO - Company Owned Management Franchisee Operated
	FOFO - Franchisee Owned Franchisee Operated
	Retail Stores			311211			300911
	Existing			223			200
	New opened			26			28
	Closures			10			5
	Work-in process			23
	Total Retail Stores			262			223

Particualrs (in Rs Crs)			Q3 FY 2018			Q3 FY 2019
Current Investments			9869			6240
Cash amp Bank Balances			6957			6181
Investments in Fixed Maturity Plan			11443			16918
Non-current Bank Deposits offered as Security			075			014
Total			28345			29352

	Ratios		Q3 FY2019		Q3 FY2018
	Debt Equity ratio		020		015
	Current Ratio		196		234
	Debtors turnover (days)		106		85
	Creditors turnover (days)		47		40
	Inventory turnover (days)		50		43
	RONW		1927		1862
	ROCE in operations		5558		5584
	ROCE		2186		2059

		KEWAL KIRAN CLOTHING ltd - Version 10xlsx
		Cash Flows (in Rs crs)		YTD FY2019
	I		Cash Flow from Operating Activity		(008)
		Operating Profit before Working Capital Changes		8736
		Adjustment for Working Capital		(6152)
		Direct Taxes Paid		(2592)
	II		Cash Flow from Investing Activity		(522)
		(Purchase) Sale of Fixed Assets		(997)
		(Purchase) Redemption of Investments in mutual funds amp Bank Deposits		457
		Dividend Interest Income		018
	III		Cash Flow from Financing Activity		538
		Secured Loans - Bank Overdraft (Net)		3698
		Interest Paid		(411)
		Dividend Paid		(2749)
		Cash and Cash Equivalents - Closing		6161

	KEWAL KIRAN CLOTHING ltd - Version 10xlsx
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Non-Current Assets
	Property Plant and Equipment		7792		6756			Property Plant and Equipment figure reported in reg 33 is 7793 Crs If we put the same number it does not match with total assets number 65254
	Capital Work in Progress		101		908
	Investment Property		145		152
	Other Intangible Assets		255		050
	Intangible Assets under Development		015		015
	Financial Assets
	Investments		17517		13713
	Other Financial Assets		333		251
	Other Non-Current Assets		256		232
	Total Non-Current Assets		26414		22077
	Current Assets
	Inventories		8359		5285
	Financial Assets
	Investments		6240		9330
	Trade Receivables		17128		12069
	Cash amp Cash Equivalents		6161		6154
	Bank balances		020		095
	Other Financial Assets		187		144
	Other Current Assets		745		529
	Total Current Assets		38840		33606
	Total Assets		65254		55683
	(Rs crs)		As at Dec 2018 (Audited)		As at Mar 2018 (Audited)
	Equity
	Equity Share Capital		1233		1233
	Other Equity		42005		38732
	Total Equity		43238		39965
	Non-Current Liabilities
	Provisions		007		007
	Deferred Tax Liability		482		460
	Other non-current liabilities		141		159
	Total Non-Current Liabilities		630		626			Total Non-Current Liabilities figure reported in reg 33 is 629 Crs If we put the same number it does not match with total liability number 65254
	Current Liabilities
	Financial Liabilities
	Borrowings		8528		4830
	Trade Payables
	Due to Micro and Small Enterprises		026		026
	Due to Others		5270		4325
	Other financial liabilities		706		718
	Other Current Liabilities		3405		2889
	Provisions		3237		2233
	Current Tax Liabilities (Net)		214		071
	Total Current Liabilities		21386		15092
	Total Equity and Liabilities		65254		55683

			KEWAL KIRAN CLOTHING ltd - Version 10xlsx
					Q3 FY 2019		of		Q3 FY 2018		of			YTD FY 2019		of		YTD FY 2018		of
				Rs crs		sales		Rs crs		sales		Variation		Rs crs		sales		Rs crs		sales		Variation
			Net Sales		11015			9324				36485			33669
			Other operating income		095			114				444			358									100
			Total Revenue		11110		10000		9438		10000			36929		10000		34027		10000
																	RippleWave RippleWaveCell E17 of sheet Regulation 33		Cost of goods sold		4529		4076		3837		4065		011		14141		3829		14061		4132		-303
			Personnel cost		1811		1630		1534		1625		005		5649		1530		4912		1444		086
			Manufacturing and operating expenses		1083		975		846		896		078		3661		991		3373		991		000
			Administrative and other expenses		786		707		829		878		-171		2379		644		2362		694		-050
			Selling and distribution expenses		1348		1213		818		867		347		2615		708		2132		627		082
			Operational expenditure		9557		8602		7864		8332		270		28445		7703		26840		7888		-185
			EBITDA		1553		1398		1574		1668		-270		8484		2297		7187		2112		185
			Finance expenses		211		190		150		159		031		485		131		380		112		020
			Depreciation Ammotisation		243		219		150		159		060		570		154		423		124		030
			Other income		716		644		354		375		269		1517		411		1534		451		-040
			Profit before tax (PBT)		1815		1634		1628		1725		-091		8946		2422		7918		2327		096
			Income Tax		538		484		590		625			2920		791		2539		746		045
			Profit after tax (PAT)		1277		1150		1038		1100		050		6026		1632		5379		1581		051
																	RippleWave RippleWaveCell H48 of sheet Regulation 33		RippleWave RippleWaveCell E26 of sheet Regulation 33		Source Clause 41
			Shares Outstanding		12325037			12325037				12325037			12325037
			EPS		1036			842				4889			4364
			All numbers marked in red have been reclassed from previous numbers

			Brands
			Products
			Channels
			Regional Distribution

		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion				Equalizer		Q3 2019		Q3 2018
	Brand								Sales		11015		9324		Numbers from PampL Sch (IND AS) tab of Financial
	Killer		5905		54		4951		53				Difference		013		001
	Lawman		1505		14		1750		19					000		000
	Easies		506		5		389		4
	Integriti		2486		23		1723		18				Killer		590522292140042		59052229214		5919			Killer		4950659716014		495065971601		4951
	Others		599		5		511		5				Lawman		150486778689599		15048677869		1505			Lawman		17497290456693		174972904567		1750
	TOTAL		11002		100		9323		100				Easies		506072064169403		50607206417		506			Easies		388897374931		38889737493		389
								Integriti		24864225865762		248642258658		2486			Integriti		172280146279102		172280146279		1723
								Addiction		599074060960772		59907406096		599			Addiction		51132838095012		51132838095		511
											11015						9324
	Killer		Lawman		Easies		Integriti		Other Brand		total
Q3 2019		5919		1505		506		2486		599		11015			Killer		473658048145
Q3 2018		4951		1750		389		1723		511		9324			Lawman		15329516233
change		20		-14		30		44		17		18			Easies		1510866413
								Integriti		2371911865
	Killer		Lawman		Easies		Integriti		Other Brand				Other Brand - Addiction		303624299
Q3 2019		54		14		5		23		5		100
Q3 2018		53		19		4		18		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Killer		Lawman		Integriti		Easies		Other Brand
	Killer		5919		4951		20				Q3 2019		54		14		22		5		5
							Q3 2018		53		19		19		4		5
	Lawman		1505		1750		-14
	Integriti		2486		1723		44				Absolute		52		23		20		2		3		100
							Absolute		51		20		24		2		3		100
	Easies		506		389		30
	Other Brand		599		511		17
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018		Put numbers from Financial Statement
	Product								Sales		11015		9324
	Jeans		6073		55		5941		6373		2				013		001
	Trousers		1461		13		393		422		271				000		000
	Shirts		1846		17		1492		1600		24
	T-Shirts		410		4		368		395		12			JEANS		607334663171607		607334663172		6087			JEANS		59414263641926		594142636419		5942
	Others		1211		11		1129		1211		NA			TROUSERS		146078678424555		146078678425		1461			TROUSERS		393293293782653		39329329378		393
	TOTAL		11002		100		9323		100		18			SHIRTS		18456595905225		184565959052		1846			SHIRTS		14917136867182		149171368672		1492
								T-SHIRTS		410382014128657		41038201413		410			T-SHIRTS		367857398914881		36785739891		368
	Jeans		Trousers		Shirts		T-Shirts		Others				OTHERS RippleWave RippleWaveIncludes JACKETSSHORTSSWEATERSOTHER(Curtishortscargoetc)		121148440		12114844		1211			Others		112912523674711		112912523675		1129
Q3 2019		55		13		17		4		11		100						11015					9323		9324
Q3 2018		64		4		16		4		12		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								Jeans		Shirts		Trousers		T-Shirts		Others
	Jeans		6087		5942		2				Q3 2019		55		17		13		4		11
							Q3 2018		64		16		4		4		12
	Shirts		1846		1492		24
	Trousers		1461		393		271				Absolute		58		17		13		4		8		100
							Absolute		61		21		7		4		7		100
	T-Shirts		410		368		12
	Others		1211		1129		7
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	Retail		1581		14		2098		23		-25				013		001
	MBO		4461		41		3949		42		13				000		000
	National Chain Stores		2943		27		1844		20		60
	Factory Outlet		962		9		677		7		42			Retail		158050601856442		158050601856		1594			Retail		209818965938843		209818965939		2099
	e-Commerce		843		8		321		3		162			MBO		446074053735534		446074053736		4461			MBO		394853022451488		394853022451		3949
	Overseas		212		2		434		5		-51			National Chain Stores		294342836041869		294342836042		2943			National Chain Stores		184445332905212		184445332905		1844
	TOTAL		11002		100		9323		100		18			Factory Outlet		961863487926102		96186348793		962			Factory Outlet		6769292332		6769292332		677
								e-Commerce		8430503515694		84305035157		843			e-Commerce		3213211242		3213211242		321
	Retail		MBO		National Chain Stores		Factory Outlet		e-commerce		Exports			Overseas		212070664168834		21207066417		212			Overseas		43399241		43399241		434
Q3 2019		14		40		27		9		8		2		100				11002		11015					9323		9324
Q3 2018		23		42		20		7		3		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								MBO		Retail		National Chain Stores		Factory Outlet		e-Commerce		Overseas
	MBO		4461		3949		130				Q3 2019		40		14		27		9		8		2
							Q3 2018		42		23		20		7		3		5
	Retail		1594		2099		-24
	National Chain Stores		2943		1844		60				Absolute		60		22		11		3		4		100
							Absolute		61		25		7		2		5		100
	Factory Outlet		962		677		42
	e-Commerce		843		321		162
	Overseas		212		434		-51			Equalize exports with region-wise sales
	Total		11015		9324		18
		Q3 2019		Q3 2019 Proportion		Q3 2018		Q3 2018 Proportion		Change			Equalizer		Q3 2019		Q3 2018
	Channels								Sales		11015		9324
	North		1410		13		1339		1436		5				013		001
	West		2845		26		1906		2045		49				000		000
	Central		529		5		558		598		-5
	South		2649		24		1451		1557		82			North		141013054698929		1410		1423			North		13387984798		1339		1339
	East		3356		31		3635		3899		-8			West		284523127463924		2845		2845			West		19062360017		1906		1906
	Overseas		212		2		434		465		-51			Central		529286279012364		529		529			Central		5578176128		558		558
	TOTAL		11002		100		9323		100		18			South		264880524351297		2649		2649			South		14514965007		1451		1451
								East		335613541168022		3356		3356			East		3635074968		3635		3635			Adjustment
								Overseas		212070664168834		212		212			Overseas		43399241		434		434
	North		West		Central		South		East		Overseas					11002		11015					9323		9324
Q3 2019		14		26		6		24		30		2		101
Q3 2018		14		20		6		16		39		5		100
	Sales (Rs crs)		Q3 2019		Q3 2018		Change					New Graphs
								East		West		South		North		Central
	East		3356		3635		-8				Population Distribution		26		15		21		30		8
							Q3 2019		31		26		25		13		5
							Q3 2018		41		22		16		15		6
	West		2845		1906		49
	South		2649		1451		82
							Absolute		36		23		18		15		8		100
							Absolute		37		22		19		15		7		100
	North		1423		1340		6
	Central		530		558		-5
	Domestic Sales		10803		8890		22
	Overseas		212		434		-51
	Total		11015		9324		18
		000		000

	Total Sales from MIS
Q4 2012			Quantity		Total Sales		WSP
	ADDICTION		244912		29243078		119
	Grand Total		1141223		674725892		591
	Total less Addiction		896311		645482814		720
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q4 2011			Quantity		Total Sales		WSP
	ADDICTION		190677		24498048		128
	Grand Total		934965		547723993		586
	Total less Addiction		744288		523225946		703			244
Q1 2012		BRAND		TOTAL QUANTITY		TOTAL NET AMOUNT		WSP realisation
	ADDICTION		572706		64406695		112
	Grand Total		1396719		690791502		495
	Total less Addiction		824013		626384808		760
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
Q1 2011			Qty		Rs-WSP		TOTAL
	ADDICTION		15654		3286973		210
	Grand Total		705198		456373880		647			1746
	Total less Addiction		689544		453086907		657			-2358
FY 2012			Quantity		Total Sales		WSP
	ADDICTION		1857417		197218979		106
	Grand Total		5605655		3002703571		536
	Total less Addiction		3748238		2805484591		748
FY 2010			Qty		Rs-WSP		TOTAL
	Grand Total		2757139		1752836544		636
FY 2011			Quantity		Total Sales		WSP
	ADDICTION		342190		51634715		151
	Grand Total		3695948		2364810519		640
	Total less Addiction		3353758		2313175804		690			852
New Method									SOURCE
	Q3 FY2018					YTD FY2018
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		485748		495065972		1019		Killer		1713003		1817830358		1061
Integriti		215563		172280146		799		Integriti		863136		724314351		839
Lawman		200563		174972905		872		Lawman		639570		543577432		850
Easies		47198		38889737		824		Easies		154748		130774383		845
Total less Others		949072		881208760		928		Total less Others		3370456		3216496524		954
	Q3 FY2019					YTD FY2019				FILE Q2 SALES MIS 18-19xls TAB REALISATION Cell D19
Product		Total Quantity		Total Net Amount		WSP realisation		Product		Total Quantity		Total Net Amount		WSP realisation
Killer		537016		590522292		1100		Killer		1915372		2048880351		1070
Integriti		357185		248642259		696		Integriti		1013691		759405288		749
Lawman		200374		150486779		751		Lawman		574836		487779475		849
Easies		60934		50607206		831		Easies		197229		157990888		801
Total less Others		1155509		1040258536		900		Total less Others		3701128		3454056002		933
IncreaseDecrease		2175		1805		-304			981		739		-221
		1040258536					3454056002
		- 0					- 0

	Source		KEWAL KIRAN CLOTHING ltd - Version 10xlsx									2019 Financials		2018 Financials
										H1 FY 2018		H1 FY 2018		Difference
Sales and Sales Quantity WITHOUT ADDICTION				YTD FY 2018		YTD FY 2019							3383152326		2475254666		907897661
	Clause 41		Total Income from operation		3383152326		3647236643
	MIS Realization (Brand-Wise)		Addiction Sales		166655802		193180641
		Sales Income less Addiction		3216496524		3454056002		739		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		32165		34541							32165		23597		856764822446
								Sales Income less Addiction Cr
	MIS Realization (Brand-Wise)		Sales Quantity		4264147		5618663
		Addiction Quantity		893691		1917535
		Sales Quantity less Addiction		3370456		3701128		981		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		3370		3701
			Q3 FY 2018		Q3 FY 2019							Q2 FY 2018		Q2 FY 2018
	Clause 41		Total Income from operation		932341597		1100165942							167510488213		167511392863		(9047)
	MIS Realization (Brand-Wise)		Addiction Sales		51132838		59907406
		Sales Income less Addiction		881208759		1040258536		1805		Apparel Sales Value IncreaseDecrease
		Sales Income less Addiction Cr		8812		10403							8812		16132		-732027434598
	MIS Realization (Brand-Wise)		Sales Quantity		1222550		1755737
		Addiction Quantity		273478		600228
		Sales Quantity less Addiction		949072		1155509		2175		Apparel Sales Quantity IncreaseDecrease
		Sales Quantity less Addiction in Lakhs		949		1156
Sales and Sales Quantity WITH ADDICTION				YTD FY 2018		YTD FY 2019
	Clause 41		Total Income from operation		3383152326		3647236643
		Total Income from operation Cr		33832		36472
		Check		33669		36485
		Difference		163		-013
	MIS Realization tab		Sales Quantity		4264147		5618663
		Sales Quantity in Lakhs		4264		5619
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Total Income from operation		932341597		1100165942
		Total Income from operation Cr		9323		11002
		Check		9438		11110
		Difference		-115		-109
	MIS Realization tab		Sales Quantity		1222550		1755737
		Sales Quantity in Lakhs		1223		1756
EBITDA				YTD FY 2018		YTD FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		676344905		791359998			1179965471					676344905		512721330157456		163623575
		Depreciation Amortization		42300000		56975800							42300000		5020799396		(7907994)
		EBITDA		718644905		848335798		growth		1805					718644905		562929324117456		155715581
		EBITDA Cr		7187		8484		margin		2124		2326				7187		5629		1558
		Check		7187		8484
		Difference		-000		-000
			Q3 FY 2018		Q3 FY 2019
	Clause 41		Profit from operation before Other Income Finance cost amp Exceptional Item		142433843		130981226			543273417					142433843		462478967675273		(320045124)
		Depreciation Amortization		14978034		24261600							14978034		2760224476		(12624211)
		EBITDA		157411877		155242826		growth		-138					157411877		490081212435273		(332669335)
		EBITDA Cr		1574		1553		margin		1688		1412				1574		490081212435		-3327
		Check		1574		1553
		Difference		000		-000
PAT				YTD FY 2018		YTD FY 2019
	PampL Schedule		PAT		537938905		602568516		growth		1202					537938905		436107899237456		101831006
		PAT Cr		5379		6026		margin		1590		1652				5379		436107899237		1018
		Check		5379		6026
		Difference		000		000
			Q3 FY 2018		Q3 FY 2019
	PampL Schedule		PAT		103752296		127666338		growth		2305					103752296		353732046255273		(249979751)
		PAT Cr		1038		1277		margin		1177		1227				1038		353732046255		-2500
		Check		1038		1277
		Difference		-000		-001

	KEWAL KIRAN CLOTHING - Dec 11 - version 3xlsx
	SALES
		YTD FY 2018		YTD FY 2019		Change
Sales w Addiction amp Quantity wo Addiction		Total Revenue (Rs crs)		34027		36929		853
	Sales Quantity (units in lakhs)		3370		3701		981
		Q3 FY 2018		Q3 FY 2019		Change
	Total Revenue (Rs crs)		9438		11110		1772
	Sales Quantity (units in lakhs)		949		1156		2175
	EBITDA
		YTD FY 2018		YTD FY 2019		Change
EBITDA includes Other Operating Income only		EBITDA (Rs crs)		7187		8484		1805
	EBITDA margin ()		211		2297		877
		Q3 FY 2018		Q3 FY 2019		Change
	EBITDA (Rs crs)		1574		1553		-135
	EBITDA margin ()		167		1398		-1620
	PAT
		YTD FY 2018		YTD FY 2019		Change
	PAT (Rs crs)		5379		6026		1202
	PAT margin ()		158		163		322
		Q3 FY 2018		Q3 FY 2019		Change
	PAT (Rs crs)		1038		1277		2305
	PAT margin ()		110		115		453
		YTD FY 2018		YTD FY 2019		Change
	RONW				ERRORDIV0		BlueYellow
	ROCE				ERRORDIV0		Line
		Q3 FY 2018		Q3 FY 2019
	Cash Profit		2519		2516		-012
	Cash and Bank Balances		28345		29352		356

Particulars		COCO		COMFO		FOFO		Total
K-Lounge		2		10		192		204
EBO				120		120
Factoy Outlet			1		- 0		1
Total		2		11		312		325
COCO - Company Owned Company Operated
COMFO - Company Owned Management Franchisee Operated
FOFO - Franchisee Owned Franchisee Operated
Retail Stores (YTD)			311218			310318
Existing			318			331
New opened			35			39
Converted
Relocatedclosed			28			52
Work-in process			11			25
Total Retail Stores			336			343

15

Thank YouDisclaimer Certain statements in this document or explanation thereof during discussions may be forward looking statements Such forward looking statements are subject to certain risks and uncertainties like government actions direct and indirect tax structures local political or economic developments weather conditions deferring season technological risks overall market scenario and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements Kewal Kiran Clothing Limited(ldquoKKCLrdquo) will not be in anyway responsible for any action taken based on such statements and undertake s no obligation to publicly update these forward looking statement to reflect subsequent events or circumstances

• Slide Number 1
• Slide Number 2
• Operational Performance Q3 and YTD FY 2019
• Trend in Revenue
• Trend in Operating Profit
• Trend in Net Profit
• Balance Sheet (Assets)
• Balance Sheet (Liabilities)
• Ratios and Cash-flow Analysis
• Brands
• Products
• Channels
• Regional Distribution
• Retail stores
• Slide Number 15