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Published
Feb 23, 2022
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Khadim India Q3 net profit rises 85 percent to Rs 8 crore

Published
Feb 23, 2022

Footwear major Khadim India Ltd witnessed an 85 percent rise in its net profit to Rs 8 crore ($1.1 million), as against a net profit of Rs 4 crore in the year-ago period.
 

Khadim India Q3 net profit rises 85 percent to Rs 8 crore - Khadim's- Facebook


The company’s revenue for the quarter rose by 6 percent to Rs 185 crore, as against Rs 174 crore it reported in the corresponding period of the previous fiscal year.
 
“Owing to the festive season, Q3 has always been a very special quarter for brands that deal with retail and fashion. The brand saw a good festive season this financial year. With the introduction of its trendy, edgy and vibrant product lines just before the festive season, the brand gained good momentum in terms of sales,” Namrata Ashok Chotrani CEO of Khadim India Limited said in a statement.

“Even the distribution business gained good traction in the festive season with the introduction of the new range of products across the sports, PU and Hawai categories,” Chotrani added.
 
During the quarter, Khadim strengthened its retail presence in tier 2, 3 cities by opening 21 retail stores to take its presence to 768 stores across India.

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