Khadim India Q4 FY26: Revenue at ₹83.6 Cr, PAT at ₹0.77 Cr; FY26 Revenue ₹367.1 Cr
Khadim India reported Q4 FY26 revenue of ₹83.6 Cr and PAT of ₹0.77 Cr. For FY26, revenue was ₹367.1 Cr, a 12% decline YoY, with PAT at ₹3.1 Cr. The company completed a demerger and expects ₹400 Cr revenue and 14% EBITDA margin in FY27. TFM portfolio grew 46% YoY.
The revenue decline and PAT figures are significant. However, the company's strategic restructuring (demerger) and positive growth in specific portfolios (TFM, British Walkers) along with a future outlook of ₹400 Cr revenue and 14% EBITDA margin suggest a medium-term impact, balancing the short-term financial dip.
The company reported a decline in revenue and profit for Q4 FY26 and FY26 compared to the previous year. While there are strategic initiatives like demerger and focus on premiumization, the overall financial performance indicates a challenging period, leading to a neutral sentiment.
Khadim India Limited held an investor meet and concall on May 26, 2026, to discuss the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
During Q4 FY26, revenue from operations stood at ₹83.6 crores, a decline from ₹93.8 crores in the corresponding quarter last year. Gross profit for the quarter was ₹43.1 crores (51.5% gross margin), EBITDA was ₹11.9 crores (14.3% EBITDA margin), and Profit After Tax (PAT) was ₹0.77 crores (0.9% PAT margin).
For the full fiscal year FY26, revenue from operations declined by 12% to ₹367.1 crores from ₹418 crores in FY25. Gross profit for the year was ₹179.6 crores (48.9% gross margin), EBITDA was ₹49.1 crores (13.4% EBITDA margin), and PAT was ₹3.1 crores (0.9% PAT margin).
The company noted that FY26 was challenging due to muted consumer demand and pressure on discretionary spending. Despite this, the TFM portfolio grew by 46% YoY, and British Walkers saw a 6% YoY growth. Partnerships with Skechers also progressed positively. The company completed the demerger of its distribution and manufacturing segments into KSR Footwear Limited.
As of March 31, 2026, Khadim India operated 851 stores, including 189 company-owned outlets and 662 franchise-operated outlets. Looking ahead, the company remains cautiously optimistic about gradual recovery, with key priorities including strengthening its core portfolio, driving premiumization, and improving operational efficiencies. The company expects FY27 revenue of around ₹400 crores with a 14% EBITDA margin and a gross margin of 49-50%.
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Khadim India Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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