Khadim India Ltd (NSE:KHADIM)

Q3 2024 Khadim India Ltd Earnings Call Transcript

Feb 16, 2024 / 10:30AM GMT

Release Date Price: ₹307.42 (+2.70%)

Transcript

Key Points

Positve

Revenue growth of 5% year on year, reflecting brand strength.
EBITDA growth of 9% year on year, showcasing operational efficiency.
Retail store count increased to 864 with 15 new stores opened in Q3 FY24.
Gross margin improved by 410 basis points year on year to 45.7%.
Positive results from new sports shoe launches, especially in the ladies' segment.

Negative

Net profit for Q3 down by 62% year on year.
PAT margins for nine months FY24 decreased by 150 basis points year on year.
Distribution business remains loss-making for the last three quarters.
EBITDA margin for retail business slightly down due to festive promotions.
Pending receivables from Punjab and UP affecting cash flow.

Operator

Ladies and gentlemen, good day, and welcome to the Khadim India Limited Q3 and nine-months FY24 earnings conference call hosted by Orient Capital. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Sumeet Khaitan from Orient Capital. Thank you and over to you, sir.

Sumeet Khaitan

Orient Capital - Moderator

Thank you, Viren. Good evening, everyone. Welcome to the conference call to discuss the results for Q3 and nine months FY24 of Khadim India Limited. Today, from the management, we have Mr. Rittick Roy Burman, Whole-Time Director; and Mr. Indrajit Chaudhuri, CFO.

Before we start the call, I would like to give a small disclaimer that this conference call may contain certain forward-looking statements, which are based on beliefs, opinions, and expectations of the company as on date. Actual results may differ materially. A detailed Safe Harbor statement has also been published in the company's investor presentation, which was uploaded on the stock exchange. I hope everyone had a

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