KOLKATA, India, Nov. 15, 2022 /PRNewswire/ — Khadim India Ltd., the second largest retail footwear model, introduced their monetary efficiency for the quarter ended 30th September 2022. The Company noticed elevated demand for its merchandise driving on the festive season ensuing within the model persevering with its wholesome business efficiency in the course of the quarter.
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Key Highlights for Q2 FY 23 ( July –Sept’22) |
Key Highlights for H1 FY 23 ( April –Sept’22) |
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Revenue from operation stood at INR 1860.33 million clocking a growth of 15% over the corresponding quarter of final fiscal
Earnings Before Interest, Tax, Depreciation, & Amortization (EBIDTA) for the quarter stood at INR 222.8 million; growth of 63% over the corresponding quarter of final fiscal
EBITDA Margin at 11.98%. Highest ever within the historical past of the corporate.
Profit Before Tax (PBT) stood at INR 71.85 million;
Profit After Tax (PAT) stood at INR 50.23 million
New Stores Added Pan India – 33 |
Revenue from operation stood at INR 3521.06 million recording a growth of 41%
Earnings Before Interest, Tax, Depreciation, & Amortization (EBIDTA) for H1 stood at INR 393.66 million; growth of 195% over the corresponding interval of final fiscal
Profit Before Tax (PBT) stood at INR 117.27 million
Profit After Tax (PAT) stood at INR 83.72 million
New Stores Opened Pan India – 58 |
The Company’s continued focus on creating inexpensive premium merchandise to satisfy shopper demand, growing model footprint by scaling up retail presence and distribution focus have been instrumental in delivering outcomes. Coupled with the trinity of refreshed in retailer expertise, new modern vary of merchandise and the inexpensive worth level Khadim continues to win shopper hearts and is on its method to develop into the primary selection footwear model for the household.
Commenting on the Company’s outcomes, Ms. Namrata A Chotrani, CEO, Khadim India Ltd. stated, “The first festive season without the long shadow of the pandemic saw buoyant consumers with a propensity to spend higher than average. This has stimulated the business growth and helped us record a healthy number this quarter. Our premium product portfolio with affordable pricing has received significant consumer response, we will continue to build on the same which will appeal to our target audience. We are continuing the expansion of our retail stores that enable us to penetrate in our target markets to equip the people with affordable fashion footwear and continue our growth momentum. We hope to become the first choice footwear brand for the family and continue delighting our consumers with the WOW experience. “
The dwelling grown Company continues its enlargement within the Tier II & III areas by means of its asset gentle technique taking the shop tally to 826 until the tip of the second quarter.
About Khadim India Ltd:
Khadim India Ltd., began its journey in Nineteen Sixties from small shoe retailer in Chitpur, Kolkata. Headquartered in Kolkata, Khadim India Ltd. is engaged within the retail and distribution of footwear and equipment. Over the years the house grown Company has established an id as an ‘inexpensive vogue’ model, catering to your complete household for all events. It is the second largest footwear retailer in India when it comes to unique shops working below the model title Khadim by means of the retail vertical. It prides itself to have the most important footwear franchisee community within the nation. The model enjoys largest presence in East India and is listed among the many high three gamers in South India. It is likely one of the rising model within the North and West India. The Company can be capitalising on its retail community to develop aggressively in footwear distribution. Owing to the Company’s core business goal of ‘Fashion for Everyone’ it is ready to straddle each the companies effectively. The Company has expanded its attain throughout 23 States and 1 Union Territory by means of 826 retail shops and the distribution vertical has a robust community of 672 distributors. The Company is listed on the National Stock Exchange and Bombay Stock Exchange.
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