New Delhi: Footwear retail brand Indian khadimon Tuesday, reported an increase in consolidated net profit to Rs 4.29 crore for the fourth quarter (Q4) ending March 31, 2023 compared to a profit of Rs 2.65 crore in the same prior financial period. that, according to a report. mad cow disease submit.
The company’s total earnings also increased year-on-year (YoY) to Rs 165.74 in Q4 FY 2023 from Rs 159.27 during the corresponding period of the previous financial year, according to regulatory filings. determined.
Commenting on the company’s results, Indrajit Chaudhuri, Chief Financial Officer, Indian khadim The company has focused on expanding reach, digital penetration, portfolio expansion, and a customer-focused integrated communications approach.
“The cumulative approach has led to a significant increase in sales in the retail sector with contributions from the e-commerce industry. With a focus on product innovation, extending across all channels channels and enhance customer service through an omnichannel approach, Khadim is ready for the coming years,” added Chaudhuri.
The domestic footwear retailer said the continued focus on creating an affordable premium product portfolio to meet consumer demand has fueled growth during this period among their business unit.
Khadim India’s strategy of expanding into light asset model has helped the company further strengthen its retail presence in target markets and tier II & III locations.