New Delhi: A top official stated on Wednesday that KKCL, the company that makes Killer Jeans, plans to invest more than Rs 35 crore in the current fiscal year in order to increase its manufacturing capacity and create more stores.
Hemant Jain, the business’s joint managing director, informed reporters in this location that the company intends to raise its overall manufacturing capacity from the current 8 million units annually to 10 million units.
He added that in addition to investing in the opening of new company-owned stores, the manufacturing capacity expansion will be a brownfield project adjacent to its current units in Daman and Vapi.
By March 2025, the firm hopes to have over 10 new locations open for greater distribution, bringing the total number of these points to 40. Jain stated that the company would love to have the stores open prior to the start of the popular holiday season.
“From now on, we’ll invest annually to increase capacity. For the two objectives, we will invest more than Rs 35 crore in FY25,” he declared. According to Jain, the company, which recently purchased a 50% share in women’s jeans manufacturer Kraus, plans to double Kraus’ revenue from Rs 176 crore in FY24 to Rs 240 crore over the next three years.
According to Ravi Punjabi of Kraus, the family-run business chose to sell its stake because it saw opportunities for growth and expanded market access with Kewal Kiran Clothing Ltd (KKCL). According to Jain, KKCL is funding the Rs 166 crore purchase from its reserves and has Rs 390 crore in cash on hand.
