Kewal Kiran has Net Marign in high teens. Zodiac and Provogue have single digit EBIT and Net Margins.
Earlier i had an impression thatZodiac and Provogue were stronger brands than Killer. That might still be true. But what is the reason for this difference in margins. This can not be explained by operational efficiency only. Also 80 % Advance sales as earlier mentioned by Donald seems too good.
On the other hand a company which pays Rs 16.50 dividend on Rs 37.5 EPS is not easy to question. Unlike Koutons most of the profitmust becash profit.