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Published
Jan 7, 2022
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Khadim eyes Rs 625-650 crore revenue in 2022

Published
Jan 7, 2022

Footwear maker Khadim India is eyeing revenue of Rs 625-650 crore ($90 million) in the current fiscal, despite the fresh disruptions caused by the omicron variant of Covid-19 coupled with 7 percent GST hike.


Khadim eyes Rs 625-650 crore revenue in 2022 - Khadim's- Facebook


The company has witnessed a strong revival in sales over the previous quarters and expects the growth momentum to continue going forward on the back of its retail expansion.

"We have maintained a 15-17 per cent growth till third quarter, and unless the fresh restrictions aggravate the business scenario, we expect revenue of Rs 625-650 crore. We are expecting this turnover without the institutional sales of Rs 130 crore from the UP government order," Khadim's chief financial officer, Indrajit Chaudhuri told PTI.

"We have passed on the seven per cent GST hike on the MRP from January 1 in line with other industry players after the government raised the rate from 5 to 12 per cent for footwear items up to Rs 1,000,” he said.

Khadim opened 25 new stores during the second quarter and plans to add 80 more stores before the end of the current financial year.

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