Khadim India reports 30% growth in net profit in Q2, FY25
19 November 2024, Mumbai
Footwear major Khadim India reported a 30 per cent increase in net profit to Rs 2.33 crore in Q2, FY25 as against Rs 1.79 crore net profit in the corresponding quarter a year ago.
The company’s revenues rose by 2 per cent to Rs 161 crore during the quarter as against Rs 157 crore in Q2, FY24. In H1, FY25, Khadim’s revenue expanded to Rs 314 crore while its net profit grew to Rs 3 crore.
In H1, FY25, Khadim India also expanded its store network by adding new 42 retail stores, taking the company’s total retail presence to 891 stores.
Besides, the company also expanded its distribution network to 764 during H1, FY25 by adding 31 new distributors.
Well positioned to tap the industry growth potential across both retail and distribution segments, Khadim India is currently focusing on premiumisation, asset light model and optimum capacity utilisation. The Kolkata-based company is one of the largest footwear retailers in lndia in terms of exclusive stores.
