Khadim India Limited – Investor Presentation Summary

Key Operational Highlights

  • Total retail presence: 825 'Khadim's' branded retail stores as of June 30, 2026
  • Retail business operates with 78% of retail presence through franchise route
  • 100% of product requirements are outsourced
  • Retail presence across 21 states and 3 union territories
  • Strong design capabilities focused on understanding domestic and global fashion trends

Key drivers of operational performance:

  • Asset light model for growth through franchise expansion
  • Focus on premiumisation and creating sub-brands
  • Extensive pan-India reach with largest presence in East India

Financial Highlights

  • Revenue from Operations: ₹778.4 Mn (Q1 FY27)
  • Gross Profit: ₹400.6 Mn
  • EBITDA: ₹78.3 Mn
  • Profit after tax: ₹5.2 Mn
  • EPS: Not Specified
  • Gross Margin: 51.5% (up 380bps YoY)
  • EBITDA Margin: 10.1%
  • PAT Margin: 0.7%

YoY/QoQ comparison:

  • Revenue declined 18.7% YoY (from ₹956.8 Mn in Q1 FY26)
  • PAT declined 39.2% YoY (from ₹8.6 Mn in Q1 FY26)
  • Gross Margin improved from 47.7% in Q1 FY26 to 51.5% in Q1 FY27
  • EBITDA Margin declined from 12.9% in Q1 FY26 to 10.1% in Q1 FY27

Drivers of financial performance:

  • Lower purchase of stock-in-trade at ₹519.2 Mn vs ₹679.1 Mn YoY
  • Changes in inventories showed improvement at -₹152.4 Mn vs -₹186.6 Mn YoY
  • Employee benefits expense reduced to ₹113.5 Mn from ₹122.9 Mn YoY
  • Other expenses remained relatively stable at ₹208.7 Mn vs ₹210.2 Mn Yo
  • Other income increased significantly to ₹58.2 Mn from ₹25.2 Mn YoY

Balance Sheet Snapshot

  • Net Debt/Equity: Not Specified
  • Reserves: Not Specified
  • Current Assets/Liabilities: Not Specified
  • Working Capital/Leverage Metrics: Not Specified

Capex & Cash Flow Health

  • Capital Expenditure: Not Specified
  • Free Cash Flow: Not Specified
  • Operating Cash Flow: Not Specified
  • Net Debt Movement: Not Specified

Strategic & R&D Initiatives

  • Focus on expanding retail footprint in Eastern and Southern India
  • Entry into new markets through company-owned company-operated (COCO) stores
  • Augmenting presence in new markets through franchisees
  • Distinct brand positioning for various market segments targeting ~85% of Indian footwear market
  • Product price range: ₹123 – ₹6,499 covering leather/non-leather sandals, slippers, boots, ballerinas, stilettos, moccasins, sports shoes and accessories

Management Commentary & Growth Outlook

  • Positioning as 'Affordable Fashion' brand catering to entire family for all occasions
  • Target segment: Middle & upper middle-income consumers in metros, Tier I-III cities
  • Focus on premiumisation, asset light model and optimum capacity utilization
  • Expansion of store network pan-India

Company Tag: