Though footwear major Khadim India reported a net profit of Rs 4 crore in Q3 ended December 2020, sales during the quarter declined slightly to Rs 174 crore, as against Rs 175 crore during the previous quarter ended December 2019. The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) increased 287 per cent to Rs 19 crore, as against last year’s Rs 5 crore. As it has fully reopened its manufacturing and sales operations pan India post COVID-29, the company expects to record strong growth during the coming quarters.
With 800 retail outlets across India, Khadim India manufactures and retails footwear under its flagship brand, Khadim’s. The brand sells through e-commerce site and other online platforms. It was established in 1981 as SN Footwear Industries, a private limited company under the Companies Act, 1956, with the Registrar of Companies. Through the next few years, the company was involved in whole-selling and distribution of branded basic utility footwear. From 1993, with its foray into retailing, Khadim’s emerged as a popular fashion footwear brand. Today, Khadim’s has grown to 799 branded exclusive retail stores across 23 states and 1 Union Territory nationally.