Khadim India reported Q4 revenue of Rs. 149.1 Cr, up 3.8% YoY, with a gross margin increase of 62 bps to 46.9%. EBITDA margin improved to 10.2%, while PAT declined 10.1% to Rs. 0.92 Cr. FY25 revenue rose 1.4% to Rs. 623.7 Cr, gross margin up 130 bps at 46.7%, with EBITDA margin at 10.7% and PAT margin at 0.8%. The demerger of the distribution business into KSR Footwear was completed; KSR targets breakeven by FY26. Retail stores increased to 886, with plans for ~50 new stores focusing on eastern and southern India. Introduction of athleisure segment aims to boost volumes while maintaining margins. Cost-saving steps include shifting ecommerce warehousing to Ekart, cutting related costs by ~20%. Management expects volume-driven sales growth to offset margin pressure from value segment price cuts, with margin stabilization in FY26. Debt reduction in retail remains a priority, supported by steady cash flows. Strategic focus includes product refresh, retail expansion, and growth revival in eastern and northeastern markets. KSR Footwear’s listing is anticipated soon, targeting profitability by FY27.