Khadim India Q3 web revenue down 62 p.c to Rs 2 crore

Footwear main Khadim India reported a 62 p.c decline in web revenue to Rs 2 crore ($2,40,981) for the third quarter ended December 2023, as in opposition to Rs 5 crore within the year-ago interval.

The corporate’s income for the quarter rose by 5 p.c to Rs 156 crore, as in opposition to Rs 149 crore posted within the earlier quarter ended December 2022.

“The primary cause for the mentioned de-growth was revenue on disposal of immovable properties amounting to Rs 32 million included in Q3FY24 and 9MFY23. Retailer community has grown by addition of 79 retail shops as on 9M FY24, taking the overall retail presence to 864 shops. Our distribution community continues to develop robust as we added 69 distributors as on 9M FY24, taking whole depend to 747,” Khadim India mentioned in its investor presentation.

On the expansion technique, the corporate mentioned that it’s going to broaden its retailer community pan-India with give attention to premiumisation, asset mild mannequin and optimum capability utilisation.

Khadim retails its personal model worth footwear and runs the manufacturers Cleo, British Walkers, Lazard, Turk, Sharon, Bonito, and Professional. Starting its journey within the Nineteen Sixties in Kolkata, Khadim India turned listed on India’s inventory exchanges in 2017.

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