08 August 2022, Mumbai:
Retail footwear brand, Khadim India started the new fiscal with a robust business performance providing an optimistic outlook for the entire year.
Khadim India posted an operational revenue of Rs 1,660.73 million in Q1FY23 as against Rs 882.30 million in Q1FY22, showcasing a strong growth of 88.23 percent on the back of retail sales growth of 190 percent.
The EBIDTA in Q1FY23 stood at Rs 170.85 million compared to Rs (3.62) million in the same quarter of last year. The EBIDTA margin stood at 10.29 percent in Q1 FY 23.
The Profit Before Tax (PBT) stood at Rs 45.42 million for Q1FY23, as compared to Rs 111.33 million in the corresponding quarter of last year. The Profit After Tax (PAT) stood at Rs 33.49 million for Q1FY23, as compared to Rs 108.90 million in the corresponding quarter of last year.
Khadims’s constant focus on crucial thrust areas that includes premiumization of the product range, expanding the brand’s retail footprint through new stores, strengthening the distribution network, increasing khadim brand’s presence through omnichannel, and driving data-driven consumer engagement has led to growth in revenue and gross margin.
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