Khadim India Ltd., the second-largest retail footwear brand, announced its financial performance for the quarter ended 30th September 2022. The Company saw increased demand for its products riding on the festive season resulting in the brand continuing its healthy business performance during the quarter.
Revenue from operation stood at Rs 1860.33 million clocking a growth of 15 per cent over the corresponding quarter of the last fiscal.
The company’s Earnings Before Interest, Tax, Depreciation, & Amortization ( EBIDTA) for the quarter stood at Rs 222.8 million; a growth of 63 per cent over the corresponding quarter of the last fiscal.
EBITDA Margin at 11.98 per cent. Highest ever in the history of the company. Profit Before Tax (PBT) stood at Rs 71.85 million while Profit After Tax (PAT) stood at Rs 50.23 million.
Apart from these the footwear brand revealed that it added 33 new stores pan India.
According to Khadim’s H1 FY 23 financial results ( April -Sept’22) revenue from operation stood at Rs 3521.06 million recording a growth of 41 per cent.
Earnings Before Interest, Tax, Depreciation, & Amortization ( EBIDTA) for H1 stood at Rs 393.66 million; a growth of 195 per cent over the corresponding period of the last fiscal.
Meanwhile, the Profit Before Tax (PBT) stood at Rs 117.27 million and Profit After Tax (PAT) stood at Rs 83.72 million. It also opened 58 new stores in Pan India.
The Company’s continued focus on creating affordable premium products to meet consumer demand, increasing brand footprint by scaling up retail presence, and distribution focus have been instrumental in delivering results.
Coupled with the trinity of the refreshed in-store experience, a new fashionable range of products, and an affordable price point Khadim continues to win consumers’ hearts and is on its way to becoming the first-choice footwear brand for the family.
Commenting on the Company’s results, Namrata A Chotrani, CEO, Khadim India Ltd. said, “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 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 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 homegrown company continues its expansion in the Tier II & III locations through its asset-light strategy taking the store tally to 826 by the end of the second quarter.