Khadim India earnings calls.

Khadim India reported a subdued Q4 FY26 with revenue from operations at ₹83.6 croreCurrent reported value: ₹83.6 crore. No comparable prior figure is available in the source record. (vs ₹93.88 crore YoY), reflecting continued demand weakness across mass and value segments. EBITDA margin of 14.3% was maintained through disciplined cost management despite revenue decline. FY26 full-year revenue stood at ₹367.1 croreCurrent reported value: ₹367.1 crore. No comparable prior figure is available in the source record., down 12% YoY from ₹418 crore, with PAT at a thin ₹3.1 croreCurrent reported value: ₹3.1 crore. No comparable prior figure is available in the source record. for the year. The company completed its distribution and manufacturing demerger into KSR Limited, enabling sharper operational focus. Management guided for FY27 revenue of ~₹400 crore with 14% EBITDA margin and 48-50% gross margin. Key risks include persistent demand softness, raw material inflation (up 20-25% since February), GST rate cuts not boosting demand, and store rationalization headwinds. Premiumization through British Walker (+6% YoY) and athleisure (+46%) are growth levers, though space constraints limit athleisure scalability. Working capital remains tight post-demerger, though management assured adequate facilities.