Khadim India Ltd
NSE:KHADIM
Khadim India Ltd
Khadim India Ltd. engages in the selling and distribution of footwear. The company is headquartered in Kolkata, West Bengal. The company went IPO on 2017-11-14. The firm is engaged in the manufacturing / retail business of footwear and accessories. The company operates through two distinct business verticals, such as retail and distribution. The company offers fashion footwear options through its range of products. The company offers premium range of products across its retail stores in the metros with its retails sub-brands like British Walker, Lazard, Cleo, Sharon, Soft Touch, Turk, Adrianna/ Pedro/ Bonito and Pro, among others. The company also has distribution network and products under the sub-brand of Wash N Wear, Kalypso, Dunford Fitnxt, Pugo, Fliers and Khadim. British Walker is a hand-crafted premium leather footwear for the working men. Lazard is a hi-fashion footwear for the young men. Cleo is a hi-fashion footwear for the young girls / women. Sharon is a footwear for the working women. Soft Touch is a soft and comfort footwear for men and women. Turk is an outdoor footwear for men.
Khadim India Ltd. engages in the selling and distribution of footwear. The company is headquartered in Kolkata, West Bengal. The company went IPO on 2017-11-14. The firm is engaged in the manufacturing / retail business of footwear and accessories. The company operates through two distinct business verticals, such as retail and distribution. The company offers fashion footwear options through its range of products. The company offers premium range of products across its retail stores in the metros with its retails sub-brands like British Walker, Lazard, Cleo, Sharon, Soft Touch, Turk, Adrianna/ Pedro/ Bonito and Pro, among others. The company also has distribution network and products under the sub-brand of Wash N Wear, Kalypso, Dunford Fitnxt, Pugo, Fliers and Khadim. British Walker is a hand-crafted premium leather footwear for the working men. Lazard is a hi-fashion footwear for the young men. Cleo is a hi-fashion footwear for the young girls / women. Sharon is a footwear for the working women. Soft Touch is a soft and comfort footwear for men and women. Turk is an outdoor footwear for men.
Revenue Decline: Khadim India reported a revenue drop for both Q2 and H1 FY '26 compared to last year, with Q2 revenue at INR 1,016 million and H1 at INR 1,973 million.
Margins Steady, Set to Improve: Gross margins held around 47% this quarter but are expected to increase in Q3 due to the full quarter impact of the GST rate cut.
GST Rate Cut Impact: Management is optimistic that the footwear GST cut to 5% for products under INR 2,500 will drive demand recovery and improve price competitiveness.
Store Network Rationalization: The company closed loss-making company-owned stores but expanded through franchisees, reaching 893 stores in total.
Premiumization Strategy: Sub-brands like British Walkers and Sharon are seeing strong double-digit growth, especially in premium segments.
E-commerce Growth: Online channel share rose to 4% in Q2 from 1.3% in Q1, with new specialist partners on board.
KSR Footwear Listing: The distribution subsidiary KSR Footwear is expected to be listed early next week after administrative delays.
Inventory and Working Capital Focus: Inventory levels have been reduced and more measures are being taken to bring down receivables and optimize working capital.
