Kolkata, February 2023: Khadim India Ltd., the second largest retail footwear brand, announced its financial performance for the quarter ended 31st December 2022. The Company witnessed healthy growth and improved sales backed by the continued festive season resulting the brand to register positive performance during the 9months period of the financial year 2022-23.
|Key Highlights for Q3 FY 23 ( Oct – Dec’22)||Key Highlights for 9M FY 23 ( April – Dec’22)|
Revenue from operation stood at INR 148.95 crore
Earnings Before Interest, Tax, Depreciation, & Amortization (EBIDTA) for the quarter stood at INR 16.75 crore
EBITDA Margin at 11.25%.
Profit Before Tax (PBT) stood at INR 5.72 crore
Profit After Tax (PAT) stood at INR 4.82 crore
New Stores Added Pan India – 15
Revenue from operation stood at INR 501.06 crore recording a growth of 15%
Earnings Before Interest, Tax, Depreciation, & Amortization (EBIDTA) for 9M stood at INR 56.12 crore; growth of 61% over the corresponding period of last fiscal
Profit Before Tax (PBT) stood at INR 17.45 crore
Profit After Tax (PAT) stood at INR 13.20 crore
New Stores Opened Pan India – 73
The brand recorded good demand with the introduction of trendy, edgy, vibrant and premium product lines that boosted the momentum of sales during the festive season. The Company’s offering of affordable fashion footwear to meet the demand of every consumer coupled with scaling up of brand’s retail and distribution presence have contributed towards delivering desired results.
Commenting on the Company’s results Mr. Indrajit Chaudhuri, CFO, Khadim India Ltd. said, “The Company has achieved steady growth across both its businesses – retail and distribution during the 9months period of the current fiscal. Alongside, to penetrate more into the target markets we continued to expand our retail footprint by opening 15 stores during the quarter that scaled up the total stores to 838 pan India.”
The asset light model expansion strategy of the home grown Company continues to strengthen its retail presence in the target markets and Tier II & III locations.