Apparel firm Kewal Kiran Clothing Ltd's quarterly net profit fell hit by a seasonal demand dip but a senior official said on Tuesday it was on course to meet its 2006-07 net profit target.

The owner of the Killer and Easies brands is set to meet its target of Rs 200 million in net profit, 25 per cent operating margins on sales of Rs 1.3 billion, Chief Financial Officer Nikesh Jain told media by telephone.

"The third quarter is our weakest as dispatches cool off after festival bookings," he said. "Our ad spend also goes up."

Indian apparel makers typically book orders and stock up retail stores in July-September to meet festive demand starting October.

Net profit in Oct-Dec quarter fell 50 per cent to Rs 36.19 million from Rs 72.55 million in preceding quarter and sales slipped 25 per cent to Rs 315.62.

Kewal Kiran shares was down 8.65 per cent to Rs 241.85 in a weak Mumbai market.