Khadim India

Khadim India reported a weak Q3 FY26 with revenue of 86.2 crCurrent reported value: 86.2 cr. No comparable prior figure is available in the source record. (down 21.8% YoY) and a marginal net loss of INR 0.2 crCurrent reported value: INR 0.2 cr. No comparable prior figure is available in the source record.. The decline was driven by deliberate inventory destocking (inventory days reduced from 131 to 117), closure of unprofitable stores (7-8% impact), and subdued discretionary demand. EBITDA margin contracted to 12.8%Current reported value: 12.8%. No comparable prior figure is available in the source record. (down 170 bps YoY) due to higher employee costs from revised labor codes and promotional discounting (20-22% of sales). Management guided for FY27 revenue stabilization around 350 crCurrent reported value: 350 cr. No comparable prior figure is available in the source record. with EBITDA margin of 14-14.5% and gross margin of 49-50%. Key growth levers include premium subbrands (British Walkers grew 9.9% YoY), Skechers partnership (doubled sequentially to ~1.5-2 cr run-rate), and e-commerce (targeting 10% of sales). Risk: sustained demand weakness could delay margin recovery.