Khadim India: Records considerable growth in Retail Sales in Q1FY23
07 August 2022, Mumbai:
Khadim India Ltd., the second largest retail footwear brand, today announced a positive quarterly performance for the quarter ended 30 th June 2022, khadims sandals, shoes Footwear, and Accessories are the key offerings from the brand.
Khadim India has started the new fiscal with a robust business performance providing an optimistic outlook for the entire year.
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Key Highlights :
✔ Total Revenue clocked INR 1660.73 millions; y-o-y growth of 88.23% on the back of retail sales growth of 190%
✔ Gross Margin in Q1FY23 stood at 41.28 % vs 35.33% in Q1FY22
✔ EBIDTA stood at INR 170.85 millions representing 10.3% margin
✔ PBT stood at INR 45.42 millions vs loss of INR 111.3 millions in Q1 FY 22
✔ Total new stores opened pan India- 25.
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