Published
Nov 12, 2021
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Khadim India posts Q2 net profit of Rs 6 crore

Published
Nov 12, 2021

Footwear major Khadim India reported a net profit of Rs 6 crore ($807,513) for the quarter ended September 2021, as against a net loss of Rs 21 crore in the year-ago period.
 

Khadim India posts Q2 net profit of Rs 6 crore - Khadim's- Facebook


The company’s revenue for the quarter rose by 33 percent to Rs 162 crore, as against Rs 122 crore it reported in the corresponding period of the previous fiscal year.
 
Commenting on the Q2 results, Namrata Ashok Chotrani, CEO at Khadim India Limited, in a statement said: “The past year has been a lot of hard work especially because we just came out from a rough year behind us. We have reworked our range architecture, margin and cost structures, supply chains, and become more process-driven and working capital efficient along with investing in growing our human capital and deepening our relationships with our business partners.”

“All of these changes ensured that we were able to adapt to the changing macro-economic scenario, overcome the prior business inefficiencies and achieve a turnaround despite the impact of Covid on business and economy,” he added.
 
During the July-September period, Khadim India strengthened its retail presence in tier 2, 3 cities by opening 25 new franchise to take its overall tally to 555 franchise stores.

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