Khadim India posts net profit of Rs 6.48 crore in second quarter of fiscal 22, Retail News, ET Retail

0
New Delhi: Khadim India, a shoe retailer, reported consolidated net profit of Rs 6.48 crore in the second quarter of fiscal year 2021-2022, the company said in a BSE filing. The company reported a consolidated net loss of Rs 21.14 crore in the same quarter last year.

The company’s consolidated total income grew 31% year-on-year in the second quarter of FY22 to Rs 161.6 crore from Rs 121.7 crore in the second quarter of FY21.

“The past year has been a lot of hard work, especially as we have just come out of a tough year behind us. invest in the growth of our human capital and deepen our relationships with our business partners.

All of these changes have allowed us to adapt to the changing macroeconomic scenario, overcome past business inefficiencies and achieve a turnaround despite the impact of COVID on businesses and the economy, ”said Namrata Ashok Chotrani, CEO by Khadim India.

The company increased its retail presence to 555 stores across India, of which 25 stores were opened in Tier 2 and 3 cities during the second quarter despite a partial lockdown, Khadim India said in a statement. Press release.


Source link

Share.

Leave A Reply