Khadim India Limited — Investor Meet, 26-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Khadim India Ltd. Q1 FY26 Call Summary:

Q1 FY26 revenue was ₹95.7 Cr, EBITDA ₹12.33 Cr (12.9% margin), and PAT ₹0.86 Cr. Muted demand and tactical discounts impacted results, pushing gross margin to 47.7%. Management expects margin improvement in Q2 with an earlier festive season and no discounts. Strategic moves include a Skechers partnership in 10 stores, a new athleisure line, and aggressive expansion of True Franchised Model (TFM) stores. Price cuts for Khadim brand have arrested degrowth. Focus remains on scaling British Walkers & Sharon sub-brands and leveraging festive demand for recovery. Sentiment is cautiously optimistic.