24 February 2022, Mumbai:
Khadim India Ltd, a footwear company, increased its net profit by 85 percent to Rs 8 crore ($1.1 million), compared to Rs 4 crore the previous year.
The company's revenue for the quarter increased by 6% to Rs 185 crore, up from Rs 174 crore in the previous fiscal year's similar period. "Because of the holiday season, Q3 has always been a really exceptional quarter for retail and fashion firms. This financial year, the brand had a successful holiday season.
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"With the introduction of a new variety of items across the sports, PU, and Hawai categories, even the distribution company gained impetus over the Christmas season," Chotrani remarked.
During the quarter, Khadim expanded its retail footprint in tier 2, 3 cities by adding 21 new stores, bringing the total number of outlets in India to 768.
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*Figures mentioned in the above article have been sourced from Fashion Network article.
