Khadim India to strengthen presence in East and South India markets
25 February 2025, Mumbai
Khadim India plans to strengthen presence in East and South India markets besides leveraging its brand recognition in keys markets in West and North India. The company also plans to increase the utilization of its existing manufacturing capacity and invest in new machinery at its current facilities.
The footwear retailer’s Q3, FY25 net profit declined by 36 per cent decline to Rs 1.16 crore ($133,576) as against Rs 1.82 crore in the same period last year.
However, the company's revenue for the quarter increased by 3 per cent, reaching Rs 160 crore, from Rs 156 crore in the corresponding quarter of the previous fiscal year.
Khadim India expanded its retail network by adding 61 new stores in the first nine months of FY 2025, bringing the total retail presence to 890 stores. The company also strengthened its distribution network by adding 15 new distributors, bringing the total to 776.
