Khadim India reports robust Q4FY22 results!

Shares of Khadim India Ltd surged 3.58 per cent to Rs 191.10 per share on NSE as the company announced its financial results.

Khadim India Ltd, one of the leading footwear companies in the country, has steered healthy profit growth. The company has announced positive quarterly performance for the quarter ended March 31, 2022. Revenue from operations for Q4FY22 stood at Rs 156.16 crore (without any institutional business) as compared to Rs 269.95 crore in Q4FY21 (including Rs 110.12 crore institutional business). EBITDA improved by 300 bps to 8 per cent in Q4FY22 from 5 per cent in Q4FY21. The company’s profit before tax for Q4FY22 amounted to Rs 2.56 crore as compared to a profit of Rs 2.43 crore in Q4FY21.   

The distribution business vertical has achieved a 17 per cent YoY growth in Q4FY22. Working capital efficiency has improved the cash-flow position and strengthened the balance sheet. The asset-light model expansion strategy of the brand continued to strengthen its retail presence in tier II & III cities by opening 22 new retail stores during the fourth quarter, taking the total retail presence to 782 stores. The company has achieved steady revenue growth across both its businesses - retail & distribution along with significant improvement in margins for Q4FY22.   

In an exchange filing, Namrata Ashok Chotrani, CEO, Khadim India Ltd stated, “Our introduction of fashionable and trendy products across both our businesses saw a good response. We continued our strong focus on franchise expansion, cost savings, working capital efficiency, and profitability. The team has really worked hard to achieve full-year profitability after two tough years and we, at Khadim, are very proud of our turnaround & performance.”  

Considering its commendable growth and bright future outlook, we suggest keeping a close eye on this scrip for the upcoming sessions.