Khadim gains on focusing on premiumisation, product innovation, demand traction
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Khadim India is currently trading at Rs. 261.00, up by 1.30 points or 0.50% from its previous closing of Rs. 259.70 on the BSE.
The scrip opened at Rs. 262.40 and has touched a high and low of Rs. 263.95 and Rs. 255.30 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 346.85 on 08-Nov-2021 and a 52 week low of Rs. 172.00 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 272.40 and Rs. 238.15 respectively. The current market cap of the company is Rs. 463.35 crore.
The promoters holding in the company stood at 60.27%, while Institutions and Non-Institutions held 8.66% and 31.07% respectively.
Khadim is focusing on premiumisation, product innovation and demand traction that will help it grow by over 30 per cent during the current fiscal to touch Rs 800 crore revenue mark. The strategy will help improve margin by 100 basis points every year as the company sees volume surge with growing footfalls in the stores, though the volume is expected to regain to pre-covid levels by the end of FY'23.
Khadim will continue with expansion of stores, and it will add 70-80 stores to deepen its reach beyond tier II & III cities during this fiscal. The Kolkata-based company currently has about 800 retail stores across the country.
Khadim India operates as a footwear retailer in India under the brand Khadim’s.
