Khadim India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 23, 2023 at 06:01 am EDT
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Khadim India Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 1,592.08 million compared to INR 1,561.64 million a year ago. Revenue was INR 1,657.42 million compared to INR 1,592.74 million a year ago. Net income was INR 42.9 million compared to INR 26.52 million a year ago. Basic earnings per share from continuing operations was INR 2.39 compared to INR 1.47 a year ago. Diluted earnings per share from continuing operations was INR 2.39 compared to INR 1.47 a year ago.
For the full year, sales was INR 6,602.64 million compared to INR 5,910.8 million a year ago. Revenue was INR 6,777.4 million compared to INR 6,073.55 million a year ago. Net income was INR 174.78 million compared to INR 64.38 million a year ago. Basic earnings per share from continuing operations was INR 9.73 compared to INR 3.58 a year ago. Diluted earnings per share from continuing operations was INR 9.73 compared to INR 3.58 a year ago.
Khadim India Limited is an India-based branded footwear company. The Company's business segment is footwear and accessories. The Company operates through two business verticals, such as retail and distribution, each with own customer base, sales channels and product range. Its retail products are relatively more premium than those sold in its distribution business and are sold through its network of retail stores, including company owned outlets and franchisees. Its retail products include leather/non-leather sandals, slippers, boots, ballerinas, stilettos, moccasins, sports shoes and accessories, such as socks, shoe polishes, brushes, leather belts, wallets and laptop bags, among others. Under its distribution business, the Company manufactures and supplies footwear to distributors, who, in turn, supply them to multi-brand outlets (MBOs) across India. Its brands include khadim, Pro, Sharon, Bonito, Lazard, Softouch, Cleo, British Walkers, Turk, Fliers, Kalypso, FitNxt and Dunford.
KHADIM INDIA LIMITED 
