Khadim India's Net Profit in March Quarter Down by 19.4%
By Ankur Chandra | Updated at: May 31, 2025 10:45 PM IST
Khadim India Ltd announced its audited financial results for the quarter and year ended March 31, 2025 indicating steady operational growth, rising margins, and unwavering focus on retail expansion and brand premiumisation.
Key Financial Highlights (₹ in crores unless otherwise stated)
| Particulars | Q4 FY25 | Q4 FY24 | YoY Change | FY25 | FY24 | YoY Change |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹938.0 | ₹935.5 | +0.3% | ₹4,180.3 | ₹4,262.5 | -1.9% |
| EBITDA | ₹15.2 cr | ₹20.1 cr | -24.4% | ₹66.6 cr | ₹72.2 cr | -7.8% |
| EBITDA Margin (%) | 10.2% | 21.5% | – | 10.7% | 16.9% | – |
| Net Profit (PAT) | ₹9.2 cr | ₹10.3 cr | -10.9% | ₹50.6 cr | ₹62.8 cr | -19.4% |
| PAT Margin (%) | 1.0% | 1.1% | – | 1.2% | 1.5% | – |
| Gross Margin (%) | 46.9% | 46.3% | +62 bps | 46.7% | 45.4% | +130 bps |
The company announced its quarterly numbers, revenue stood at ₹ 938 crore in Q4 FY25 against marginal increase on YoY basis. Gross margin expanded to 46.9% driven by a positive product mix, while EBITDA margin narrowed on higher marketing and operating costs.
Strategic Developments
- Demerger Completed: Distribution and manufacturing businesses have been successfully demerged into a new company called KSR Footwear Limited to rationalize operations and unlock value.
- Geographic Expansion: Focus on retail penetration in South, West, and North India (notably Uttar Pradesh), while deepening reach in East and South via distribution channels.
- Asset-Light Growth: 76% of the retail outlets run through the franchisee model, and 90% of the retail products were outsourced in FY25.
- Digital & Social Media Push: On the digital front, Khadim ramped up its marketing activities with focused campaigns such as ‘Back to School’, ‘Resolution to Stay Classy’, and festive promotions, and continued to establish itself as a Brand of affordable fashion.
Strategic Outlook
Looking ahead, Khadim plans to:
- Scale up its retail presence through both COCO (company-owned) and franchise outlets
- Boost manufacturing efficiency through better utilisation and targeted investments
- Cater to all major consumer price segments, tapping ~85% of India’s total footwear market potential
- Drive growth across urban and Tier II/III cities with tailored product offerings and regional campaigns
About Khadim India
Khadim India, one of the most-loved Indian-origin footwear brands, established in 1981, has allied with an investment with world-class fashion and India’s largest fashion e-commerce company. Such alliance strengthens Khadim as one of the most competitive chain retailers in India. While Khadim India have strong brand equity in East & South India and are gaining national traction, the focus continues to be on operational excellence and strategic expansion.”
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REF: https://nsearchives.nseindia.com/corporate/KHADIM_26052025123436_InvestorPPT.pdf
