Khadim India Ltd. continued to strengthen its retail presence in tier II & III cities by opening 25 new franchise stores during the second quarter despite partial lockdown, taking the overall tally to 555 franchise stores. The company has achieved healthy revenue growth across both its business, retail and distribution, and significant improvement in margins for Q2FY22.
Key Performance Highlights
Revenue from operations grew by 33% YoY in Q2FY22 to reach INR 1616.46mn from INR 1217.47mn in Q2FY21
GM% improved by ~230 bps to 40.6% in Q2FY22 from 38.3% in Q2FY21
Achieved PAT of 64.75mn in Q2FY22 against a loss of INR 211.43mn in Q2FY21
The company opened 25 New Franchise Stores across India
Working capital efficiency has improved cash-flow position and strengthened the balance sheet
Owing to “affordable fashion” positioning of the Brand, Khadim is able to cater to India & Bharat simultaneously. From hi-street stores in metro cities, Tier I, Tier II (through retail) to the rural general trade multi brand footwear Outlets (through distribution) – the brand has established its footprint and shelf space everywhere. Find more.