Khadim India, a footwear retailer, has reported a consolidated net profit of Rs 6.48 crore in the second quarter of the financial year 2021-22, the company said in a BSE filing.
The company had reported a consolidated net loss of Rs 21.14 crore in a similar quarter last year. The company's consolidated total income grew 31 percent year-on-year in Q2 FY22 to Rs 161.6 crore as compared to Rs 121.7 crore in Q2 FY21.
Namrata Ashok Chotrani, CEO, Khadim India, said, "The past year has been a lot of hard work especially because we just came out from a rough year behind us. We have reworked our range architecture, margin and cost structures, supply chains, and become more process-driven and working capital efficient along with investing in growing our human capital and deepening our relationships with our business partners.”
"All of these changes ensured that we were able to adapt to the changing macro-economic scenario, overcome the prior business inefficiencies and achieve a turnaround despite the impact of COVID on business and economy," she added
The company increased its retail presence to 555 stores across India of which 25 stores were opened in tier l and lll cities during the second quarter despite partial lockdown, Khadim India said in a media release.