KSR Footwear turns profitable in Q4 FY26
KSR Footwear Limited returned to profitability in Q4 FY26 with a net profit of Rs. 50.65 million, reversing the loss of Rs. 45.99 million in the same quarter last year. Revenue from operations for the quarter rose to Rs. 602.86 million. The full-year net loss narrowed to Rs. 127.39 million, with total revenue at Rs. 2,054.66 million. The results include an exceptional item of Rs. 5.05 million due to new Labour Codes and reflect the restatement of figures following the Scheme of Arrangement with Khadim India Limited.
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KSR Footwear Limited has announced its audited standalone financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 22, 2026. The company reported a return to profitability in the fourth quarter, narrowing its net loss for the full fiscal year compared to the previous year.
Financial Performance Overview
For the quarter ended March 31, 2026, the company recorded a net profit of Rs. 50.65 million, a significant turnaround from the net loss of Rs. 45.99 million reported in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at Rs. 602.86 million, up from Rs. 552.88 million in the same period last year.
For the full financial year ended March 31, 2026, KSR Footwear reported a net loss of Rs. 127.39 million, an improvement over the net loss of Rs. 143.09 million in the previous year. Total revenue for the year was Rs. 2,054.66 million, slightly lower than the Rs. 2,062.20 million recorded in FY25. The company noted that the comparative figures have been restated to reflect the Scheme of Arrangement with Khadim India Limited, which became effective on May 1, 2025.
Key Financial Metrics
The following table summarizes the key financial figures for the reported periods:
| Particulars | Q4 FY26 (Rs. In Millions) | Q4 FY25 (Rs. In Millions) | FY26 (Rs. In Millions) | FY25 (Rs. In Millions) |
|---|---|---|---|---|
| Revenue From Operations | 602.86 | 552.88 | 1,999.46 | 2,057.07 |
| Total Income | 603.79 | 554.04 | 2,054.66 | 2,062.20 |
| Total Expenses | 596.39 | 602.28 | 2,218.15 | 2,212.34 |
| Profit/(Loss) for the period | 50.65 | (45.99) | (127.39) | (143.09) |
| Earnings Per Share (Basic) | 2.76 | (2.51) | (6.93) | (7.79) |
Operational and Regulatory Details
The statutory auditors, M/s. Agarwal & Associates, issued an unmodified opinion on the audited standalone financial results. The financial statements were prepared in compliance with Ind AS and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company reported an exceptional item of Rs. 5.05 million for the year ended March 31, 2026, attributed to the statutory impact of new Labour Codes. This expense relates to the incremental impact on gratuity and leave encashment benefits due to changes in wage definitions. The Board also took note of the Scheme of Arrangement, under which Khadim India Limited demerged its distribution business into KSR Footwear effective from the appointed date of April 1, 2025.
How will the integration of Khadim India's demerged distribution business impact KSR Footwear's revenue trajectory and path to full-year profitability in FY27?
What strategic initiatives is KSR Footwear planning to address the persistent full-year net loss and close the gap between total expenses and revenue from operations?
How might the implementation of new Labour Codes continue to affect KSR Footwear's cost structure and employee benefit obligations in the coming fiscal years?
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