3 Jeanswear Brands, Artificial Leather and Fashion Retail Chain Stocks With a Strong Future Roadmap: Kewal Kiran Clothing, Mayur Uniquoters and Trent
- October 22, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Kewal Kiran Clothing, Mayur Uniquoters and Trent: ROE of 15.4% to 24.6% and FY22 to FY26 revenue CAGR of 10.9% to 44.2%. Prices as of 21 Oct 2026.
Quick Answer
The three fashion and apparel brand stocks to watch are Kewal Kiran Clothing, Mayur Uniquoters and Trent. Their return on equity ranges from 15.4% to 24.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.9% to 44.2%. Trent leads on both return on equity at 24.6% and revenue growth at 44.2% a year. Prices are based on the 21 October 2026 close, and this article is educational, not investment advice.
Fashion and apparel brand stocks let investors follow companies that make and sell what people wear. Kewal Kiran Clothing, Mayur Uniquoters and Trent cover jeanswear brands, artificial leather and a fashion retail chain.
This list covers three fashion and apparel brand stocks with complete current figures: Kewal Kiran Clothing, Mayur Uniquoters and Trent. Every figure comes from the latest reported financials and the 21 October 2026 market close. Companies without complete current figures were left out.
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What Are Fashion and Apparel Brand Stocks?
Fashion and apparel brand stocks are listed companies that own apparel brands, supply materials to footwear and automotive makers or run fashion stores. Their earnings depend on volume growth, brand pull and the reach of their sales networks.
Fashion and Apparel Brand Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Kewal Kiran Clothing | 424.15 | 2,703 | 16.8 | 35.2 | 15.4 | 0.11 |
| Mayur Uniquoters | 717.55 | 3,260 | 15.7 | 37.9 | 16.9 | 0.01 |
| Trent | 2,822 | 153,891 | 84.8 | 63.4 | 24.6 | 0.37 |
On valuation, Kewal Kiran Clothing and Mayur Uniquoters trade at a P/E below the industry P/E, while Trent trades above it, which reflects the growth the market already expects. Readers comparing fashion and apparel brand stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in fashion and apparel brand stocks can use the coming numbers to test whether growth is holding.
Why Do Fashion and Apparel Brand Stocks Have a Strong Roadmap in India?
Fashion and apparel brand stocks have a strong roadmap in India because a young population, rising incomes and a shift towards branded fashion are widening the market for organised players.
- Branded shift. Shoppers are moving from local products to trusted brands.
- Store expansion. New outlets in more cities build reach for retail formats.
- Material demand. Footwear and vehicle makers need artificial leather.
Why Kewal Kiran Clothing Features Among These Fashion and Apparel Brand Stocks
Among the fashion and apparel brand stocks on this list, Kewal Kiran Clothing, based in Mumbai, owns the Killer, Easies, Integriti and Lawman Pg3 brands and sells jeanswear and casual apparel through exclusive stores, multi-brand outlets and online channels.
The company has a return on equity of 15.4%, a debt to equity ratio of 0.11 and a market capitalisation of Rs 2,703 crore. The stock trades at a P/E of 16.8, below the industry P/E of 35.2.
Revenue rose from Rs 625 crore in FY22 to Rs 1,237 crore in FY26, a compound annual growth rate of 18.6%. Net profit grew from Rs 81.6 crore in FY22 to Rs 152 crore in FY26, which works out to a compound annual growth rate of 16.9%. In the June 2026 quarter, revenue grew 17.9% year on year to Rs 292 crore, while net profit rose 28.2% to Rs 41.0 crore.
Roadmap: The company is widening its exclusive store network, building its newer brands and adding product categories beyond denim. Control over its own manufacturing helps it respond quickly to fashion trends, and a debt-light balance sheet supports store expansion.
What to watch: Follow same-store sales and the pace at which newer brands scale.
Why Mayur Uniquoters Features Among These Fashion and Apparel Brand Stocks
Among the jeanswear and artificial leather shares on this list, Mayur Uniquoters is a Rajasthan-based maker of artificial leather and synthetic fabrics used in footwear, automotive upholstery, furniture and other applications.
Revenue rose from Rs 677 crore in FY22 to Rs 1,022 crore in FY26, a compound annual growth rate of 10.9%. Net profit grew from Rs 94.4 crore in FY22 to Rs 192 crore in FY26, which works out to a compound annual growth rate of 19.4%.
In the June 2026 quarter, revenue grew 24.1% year on year to Rs 292 crore, while net profit rose 37.8% to Rs 56.1 crore. The company has a return on equity of 16.9%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 3,260 crore. The stock trades at a P/E of 15.7, below the industry P/E of 37.9.
Roadmap: The company supplies automotive and footwear customers in India and overseas, and demand for synthetic leather is growing as it replaces genuine leather. A debt-free balance sheet allows it to invest in new products and capacity.
What to watch: Check the volume trend in automotive and footwear customers and export sales.
Why Trent Features Among These Fashion and Apparel Brand Stocks
Among the three companies on this list, Trent is a Tata Group retailer that runs fashion and lifestyle stores under Westside and Zudio and a food and grocery business under Star.
In the June 2026 quarter, revenue grew 17.5% year on year to Rs 5,785 crore, while net profit rose 22.0% to Rs 518 crore. Revenue rose from Rs 4,673 crore in FY22 to Rs 20,189 crore in FY26, a compound annual growth rate of 44.2%.
Net profit grew from Rs 394 crore in FY23 to Rs 1,721 crore in FY26, which works out to a compound annual growth rate of 63.5%. The company has a return on equity of 24.6%, a debt to equity ratio of 0.37 and a market capitalisation of Rs 153,891 crore. The stock trades at a P/E of 84.8, above the industry P/E of 63.4.
Roadmap: The company keeps adding stores in new cities and towns, and its value fashion format reaches a wide customer base. Own-brand products and a tight supply chain support the growth of each format.
What to watch: Check store additions and sales per square foot across its formats.
Kewal Kiran Clothing vs Mayur Uniquoters vs Trent on Key Financials
The table below sets the three fashion and apparel brand stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Kewal Kiran Clothing | 625 | 1,237 | 18.6% | 152 | 12.3% |
| Mayur Uniquoters | 677 | 1,022 | 10.9% | 192 | 18.8% |
| Trent | 4,673 | 20,189 | 44.2% | 1,721 | 8.5% |
Trent posts the highest return on equity in this group at 24.6%. Trent combines the largest FY26 revenue at Rs 20,189 crore with the fastest revenue growth, a 44.2% compound annual rate. A useful habit with fashion and apparel brand stocks is to check each new quarterly result against the capacity plans the company described earlier.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Kewal Kiran Clothing | 248 | 292 | 17.9% |
| Mayur Uniquoters | 235 | 292 | 24.1% |
| Trent | 4,924 | 5,785 | 17.5% |
Key Risks to Check Before Investing in Fashion and Apparel Brand Stocks
Every theme carries risks that deserve a check before any decision. For these fashion and apparel brand stocks, the main points are: Long-term jeanswear and artificial leather shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Fashion cycles. Changing tastes can shift demand between categories.
- Input costs. Prices of fabric and chemicals can affect margins.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter fashion and apparel brand stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Fashion and Apparel Brand Stocks
Fashion and apparel brand stocks reward investors who follow store additions, volumes and margins together. Kewal Kiran Clothing, Mayur Uniquoters and Trent each tap a growing consumer market. Based on the 21 October 2026 close, Kewal Kiran Clothing trades at Rs 424.15, Mayur Uniquoters at Rs 717.55 and Trent at Rs 2,822. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these fashion and apparel brand stocks to a watchlist.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are fashion and apparel brand stocks?
Ans. Fashion and apparel brand stocks are listed companies that own apparel brands, supply materials to footwear and automotive makers or run fashion stores. Their earnings depend on volume growth, brand pull and the reach of their sales networks. This list looks at three of them, Kewal Kiran Clothing, Mayur Uniquoters and Trent, using reported FY22 to FY26 financials and the 21 October 2026 closing prices.
Which fashion and apparel brand stocks are covered in this list?
Ans. This list covers Kewal Kiran Clothing, Mayur Uniquoters and Trent. Based on the 21 October 2026 close, Kewal Kiran Clothing traded at Rs 424.15, Mayur Uniquoters at Rs 717.55 and Trent at Rs 2,822. Their return on equity ranges from 15.4% to 24.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.9% to 44.2%.
Why do fashion and apparel brand stocks have a strong future roadmap in India?
Ans. Fashion and apparel brand stocks have a strong roadmap in India because a young population, rising incomes and a shift towards branded fashion are widening the market for organised players. The main drivers are as follows. Branded shift. Shoppers are moving from local products to trusted brands. Store expansion. New outlets in more cities build reach for retail formats. Material demand. Footwear and vehicle makers need artificial leather. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Kewal Kiran Clothing performed financially?
Ans. Revenue rose from Rs 625 crore in FY22 to Rs 1,237 crore in FY26, a compound annual growth rate of 18.6%. Net profit grew from Rs 81.6 crore in FY22 to Rs 152 crore in FY26, which works out to a compound annual growth rate of 16.9%. In the June 2026 quarter, revenue grew 17.9% year on year to Rs 292 crore, while net profit rose 28.2% to Rs 41.0 crore. The company has a return on equity of 15.4%, a debt to equity ratio of 0.11 and a market capitalisation of Rs 2,703 crore. The stock trades at a P/E of 16.8, below the industry P/E of 35.2. Looking ahead, the company is widening its exclusive store network, building its newer brands and adding product categories beyond denim. Control over its own manufacturing helps it respond quickly to fashion trends, and a debt-light balance sheet supports store expansion.
How has Mayur Uniquoters performed financially?
Ans. Revenue rose from Rs 677 crore in FY22 to Rs 1,022 crore in FY26, a compound annual growth rate of 10.9%. Net profit grew from Rs 94.4 crore in FY22 to Rs 192 crore in FY26, which works out to a compound annual growth rate of 19.4%. In the June 2026 quarter, revenue grew 24.1% year on year to Rs 292 crore, while net profit rose 37.8% to Rs 56.1 crore. The company has a return on equity of 16.9%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 3,260 crore. The stock trades at a P/E of 15.7, below the industry P/E of 37.9. Looking ahead, the company supplies automotive and footwear customers in India and overseas, and demand for synthetic leather is growing as it replaces genuine leather. A debt-free balance sheet allows it to invest in new products and capacity.
How has Trent performed financially?
Ans. Revenue rose from Rs 4,673 crore in FY22 to Rs 20,189 crore in FY26, a compound annual growth rate of 44.2%. Net profit grew from Rs 394 crore in FY23 to Rs 1,721 crore in FY26, which works out to a compound annual growth rate of 63.5%. In the June 2026 quarter, revenue grew 17.5% year on year to Rs 5,785 crore, while net profit rose 22.0% to Rs 518 crore. The company has a return on equity of 24.6%, a debt to equity ratio of 0.37 and a market capitalisation of Rs 153,891 crore. The stock trades at a P/E of 84.8, above the industry P/E of 63.4. Looking ahead, the company keeps adding stores in new cities and towns, and its value fashion format reaches a wide customer base. Own-brand products and a tight supply chain support the growth of each format.
What risks should investors check before buying fashion and apparel brand stocks?
Ans. Investors should check a few risks before buying fashion and apparel brand stocks. Fashion cycles. Changing tastes can shift demand between categories. Input costs. Prices of fabric and chemicals can affect margins. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of fashion and apparel brand stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 21 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
