Khadim India Reports Q1 Revenue Decline and Profit Slump Amid Retail Challenges
Khadim India Limited, India's second-largest footwear retailer, faced challenges in Q1 with revenue decreasing 8.1% to ₹957.00 million and profit after tax dropping 81.7% to ₹8.60 million year-over-year. Gross margin fell from 54.5% to 47.7%, while EBITDA margin decreased from 16.8% to 12.9%. The company maintains 884 retail stores across India, with 76% being franchise stores. Khadim has partnered with Skechers to sell their products in select stores and completed a demerger of its distribution and manufacturing segments.
12Aug 25
Khadim India Reports Q1 FY26 Results, Announces Office Relocation
Khadim India Limited reported consolidated revenue of Rs. 957.04 crore and profit from continuing operations of Rs. 8.62 crore for Q1 FY2025-26. The company's discontinued operations showed a loss of Rs. 45.29 crore. Khadim India also announced a change in its registered office address, effective August 12, 2025, relocating within Kolkata. The company maintains international operations through its subsidiary, Khadim Shoe Bangladesh Limited.
23Jun 25
Khadim India Outlines Cost Allocation Strategy for KSR Footwear Demerger
Khadim India Ltd, a leading footwear retailer, has released guidance on the cost allocation strategy for its upcoming demerger with KSR Footwear Ltd. The company aims to provide transparency to stakeholders regarding the financial implications of this corporate restructuring. The guidance offers insights into how costs will be distributed and accounted for during the demerger process, allowing investors and analysts to better assess the potential impact on Khadim India's financial statements post-demerger.
20May 25
Khadim India Reports Slight Revenue Growth, Profit Dip in Q4
Khadim India's Q4 financial results show a marginal 0.32% increase in revenue to 938.00 million rupees, but a 14.29% decrease in net profit to 9.00 million rupees. The company's income statement reveals a 4.18% year-over-year revenue growth to 164.60 crore rupees, while operating profit declined by 18.68%. The operating profit margin decreased from 11.66% to 9.24%, indicating operational challenges and potential cost pressures in the footwear sector.
21Apr 25
Khadim India's Demerger Plan Gets NCLT Approval, Set for April 1 Implementation
The National Company Law Tribunal (NCLT) has sanctioned Khadim India Limited's scheme of arrangement with KSR Footwear Limited on March 27, 2025. The company received the certified copy on April 21, 2025. The scheme, set to demerge Khadim's distribution business, will be effective upon meeting specified conditions. The Appointed Date for the demerger is mutually agreed as April 1, 2025. This restructuring is expected to streamline operations, enhance efficiency, and provide strategic flexibility for both entities.
28Mar 25
Khadim India's Restructuring Plan Gets NCLT Approval: Distribution Business to be Demerged
NCLT Kolkata has approved Khadim India Limited's corporate restructuring plan, sanctioning the demerger of its distribution business into wholly-owned subsidiary KSR Footwear Limited. The scheme aims to create focused entities for retail and distribution segments, improve operational efficiency, and attract segment-specific investors. Post-demerger, Khadim India will focus on retail business with 848 stores, while KSR Footwear will manage distribution through 732 distributors. The company's net worth is expected to change from ₹2,027.92 crore pre-scheme to ₹787.80 crore post-scheme.