Khadim India Limited has informed the Exchange about Transcript
KHADIM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Khadim India reported weak Q3 FY26 results with revenue declining 21.8% year-on-year to INR 86.2 crores and EBITDA falling 31% to INR 11.1 crores (margin 12.8%), even posting a small loss of INR 0.2 crores. For 9M FY26, revenue dropped 12.5% to INR 283.5 crores with EBITDA margin at 13.1%, hurt by subdued demand, store closures of unprofitable outlets, and lower inventory purchases ahead of the festive season. Management attributed part of the sales decline to a deliberate inventory cleanup (inventory days cut from 131 to 117, targeting 105-107) and closure of 60-65 unprofitable stores, with like-to-like volume degrowth only 2%. Management guided FY27 EBITDA margin at 14-14.5%, gross margin around 49-50%, and PAT margin of 2-2.5%, with the Skechers partnership (now in 20 stores) and premium sub-brands British Walkers and Sharon (growing 9.9% YoY) expected to drive margin improvement.
The transcript signals a tough near-term environment with continued sales pressure, but management's FY27 margin guidance and disciplined working capital reduction (debt expected at INR 110 crores) could support a gradual recovery in profitability, though near-term stock sentiment may remain weak given the sharp Q3 decline and stalled top line.