Khadim India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 10, 2023 at 05:14 am EST
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Khadim India Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 1,570.92 million compared to INR 1,860.33 million a year ago. Revenue was INR 1,596.92 million compared to INR 1,882.75 million a year ago. Net income was INR 17.88 million compared to INR 50.22 million a year ago. Basic earnings per share from continuing operations was INR 0.99 compared to INR 2.8 a year ago. Diluted earnings per share from continuing operations was INR 0.99 compared to INR 2.8 a year ago.
For the six months, sales was INR 3,150.72 million compared to INR 3,521.06 million a year ago. Revenue was INR 3,192.01 million compared to INR 3,566.42 million a year ago. Net income was INR 34.33 million compared to INR 83.7 million a year ago. Basic earnings per share from continuing operations was INR 1.91 compared to INR 4.66 a year ago. Diluted earnings per share from continuing operations was INR 1.91 compared to INR 4.66 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.