KSR Footwear Limited has submitted to the Exchange, the financial results for the quarter ended December 31, 2025.
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KSR Footwear reported a standalone net loss of Rs. 38.26 million in Q3 FY26, narrower than the Rs. 51.22 million loss in the year-ago quarter. Revenue from operations fell to Rs. 451.69 million from Rs. 499.39 million, a decline of about 9.6% year-on-year, while 9-month revenue slipped to Rs. 1,396.60 million from Rs. 1,504.19 million. The 9-month net loss, however, widened sharply to Rs. 178.04 million versus Rs. 97.10 million last year, reflecting continued pressure on profitability. The company also booked a Rs. 5.05 million exceptional item related to new Labour Code provisions on gratuity and leave encashment. Comparative figures have been restated following the demerger of Khadim India's distribution business into KSR Footwear, which became effective in June 2025. The statutory auditor (Agarwal & Associates) issued an unqualified limited review report with no qualifications or concerns flagged.
Persistent losses and a near-doubling of the 9-month loss are negative signals for shareholders, although the narrower Q3 loss and absence of auditor qualifications provide some reassurance. The revenue decline and dependence on a recently absorbed demerged business make near-term recovery uncertain, and the stock is likely to remain under pressure until margins turn around.