Khadim India Ltd

Q3 FY26Consumer Durables

Khadim India Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹97

Market cap₹181 Cr

P/E40.2

Updated23 Aug 2026

Read4 min read

The short version

FY '27 target: Top-line around INR 350 crores with no volume decline; aiming to stabilize and improve sales after past declines. Revenue Growth: FY '27 top line expected around INR 350 crores with efforts to stabilize sales volume and improve ASP.

From Khadim India Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

FY '27 target: Top-line around INR 350 crores with no volume decline; aiming to stabilize and improve sales after past declines.
Expectation of modest growth in sales volume: like-to-like store volume degrowth reduced to 2%, aiming to halt further decline.
Focus on increasing ASP (Average Selling Price) through premium brands (British Walkers, Sharon) which currently contribute 40-60% of sales; premium mix expected to grow to 20-25% in 3-4 years.
E-commerce is a key growth driver expected to recoup some offline sales loss; aggressive expansion in the digital channel ongoing.
Expansion planned in strategic retail locations via new franchisee and COCO stores to drive growth.
Athleisure category rollout will be incremental, focusing on stores where space allows; currently present in ~70 stores with INR 50 lakh inventory, no aggressive rollout target set yet.

2 more points management made on revenue & sales performance

Profitability & Margins

Revenue Growth: FY '27 top line expected around INR 350 crores with efforts to stabilize sales volume and improve ASP.
EBITDA Margin: Targeting improvement to 14%-14.5% in FY '27 from current levels (~13%).
PAT Margin: Expected around 2%-2.5% in FY '27.
Margin Drivers: Focus on premium brands like British Walkers and Sharon to lift blended margins meaningfully.
Cost Reduction: Continued efforts in cost control and working capital optimization, especially debtor management.
Store Strategy: Closure of unprofitable stores (~60-65 closed), focus on profitable COCO stores, and expansion primarily via franchisee model.
E-Commerce: Aggressive push on own website with exclusive lines to improve profitable sales.

2 more points management made on profitability & margins

See what Khadim India Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

No specific mention of any major current or future capital expenditure (capex) or strategic investments in the call.
The company has optimized inventory and is focusing on reducing debtor days to improve working capital rather than large capex.
Store closures (around 60-65 stores closed) indicate a focus on optimizing existing footprint rather than expansion through capex.
Plans include gradual rollout and expansion in product categories like athleisure and premium sub-brands but with caution due to store size constraints and franchisee preferences.

2 more points management made on capital expenditure plans

Top-ranked in Consumer Durables

Ranked on what management guided this quarter

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4₹1.7K Cr

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5₹1.7K Cr

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

There is no indication of any new fundraising planned through debt or equity in the provided transcript.
The company expects its debt level to remain around INR 110 crores in FY '26, slightly reduced from INR 114 crores as of December.
No aggressive increase or decrease in debt is planned; debt levels are expected to be more or less flat with slight optimization.
The focus is on reducing working capital through inventory and debtor management rather than raising fresh funds.

2 more points management made on fundraising & capital structure

See what Khadim India Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript in the provided document does not explicitly mention the current or expected order book or pending orders for Khadim India Limited as of February 16, 2026. There is no direct reference to order backlogs or pending orders during the earnings call or investor meet. However, the following related operational details are mentioned: - Focus on increasing e-commerce sales and expanding omni-channel presence. - Strategy to maintain sales volume with new product rollouts (SS26 and AW26). - Reduction in inventory days aiming for better stock alignment and working capital.

2 more points management made on order book & pipeline

Khadim India Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹84 Cr, net profit ₹1 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Khadim India Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Khadim India Ltd Q3 FY26 results?

What is Khadim India Ltd share price analysis?

Khadim India Ltd currently shows a neutral. The stock trades at a P/E of 40.2 with a market cap of ₹181 Cr. Investors should review the full earnings analysis for detailed insights.

Is Khadim India Ltd planning capital expenditure?

No specific mention of any major current or future capital expenditure (capex) or strategic investments in the call.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.