Khadim India targets Rs 650 crore revenues FY'22

07 January 2022, Mumbai:

Footwear maker Khadim India aims to generate Rs 625-650 crore revenue in the current fiscal, despite COVID-19 challenges and a possible adverse impact on sales due to a 7 per cent GST rate hike from January 1.

The Kolkata-headquartered company witnessed a healthy revival of its business in the previous quarters of the 2021-22 fiscal and is expanding the network of retail stores

It has maintained a 15-17 per cent growth till third quarter, and unless the fresh restrictions aggravate the business scenario, it expects revenue of Rs 625-650 crore, says IndrajitChaudhuri, CFO, Khadim .

The shoemaker was projecting to reach the pre-COVID level of quarterly sales run-rate of Rs 200 crore. It will also continue to expand its stores in the current fiscal.

The shoemaker opened 25 stores in the second quarter and planned to add 80 in the current fiscal, he said, adding that it currently has 800 outlets.

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