Khadim India Q3 net profit declines 36 percent to Rs 1 crore

Footwear major Khadim India Ltd reported a 36 percent decline in net profit to Rs 1.16 crore ($1,33,576) for the third quarter ended December 2024, as against Rs 1.82 crore in the year ago quarter.

The company’s revenue for the quarter rose by 3 percent to Rs 160 crore, as against Rs 156 crore in the corresponding quarter of the previous fiscal year.

Khadim store network has grown by addition of 61 new retail stores as on 9M FY25, taking the total retail presence to 890 stores.

The company’s distribution network continues to grow strong as it added 15 new distributors taking total count to 776.

Going forward, Khadim plans to strengthen its foothold in existing markets in eastern and southern India and capitalise on retail brand recall in target markets of West and North India.

The company also plans to increase utilisation of existing installed capacity and invest in machines at existing manufacturing facilities.