Home NEWS Khadim India records a net profit increase to Rs 4.29 crore in...

Khadim India records a net profit increase to Rs 4.29 crore in Q4 FY23

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According to a filing with the BSE, Khadim India, a prominent footwear retail brand, recorded an increase in consolidated net profit to Rs 4.29 crore in the fourth quarter (Q4) ending on March 31, 2023. This demonstrates a significant growth compared to the profit of Rs 2.65 crore achieved in the corresponding period of the previous fiscal year. According to the regulatory filing, Khadim India recorded a year-on-year (YoY) increase in total income to Rs 165.74 crore in Q3 FY23, surpassing the Rs 159.27 crore achieved in the same period of the previous fiscal. The company attributed this growth momentum to its persistent efforts in developing an affordable premium product portfolio that caters to consumer demand across its business units. The company’s total income also grew year-on-year (YoY) to Rs 165.74 crore in Q4 FY23 as compared to Rs 159.27 crore in the corresponding period of previous fiscal, as per the regulatory filing.

Commenting on the company’s results, Indrajit Chaudhuri, CFO, Khadim India said, “The company has focused on expanding the reach, digital penetration, portfolio augmentation and customer focussed integrated communication approach.” “The cumulative approach has resulted in significant increase of sales across retail with contribution from ecommerce vertical. With the focus on product improvisation, expansion through all channels and enhancement of customer service through omni-channel approach, Khadim is well poised for the years to come,” Chaudhuri added.