Khadim India Limited · NSE:KHADIM
Khadim India — Q2 FY2025 Earnings Presentation
31 slides from Khadim India's earnings presentation, Nov 12, 2024
Slide 1: Investor Presentation (Q2 & H1 FY25 Results) cover letter
November 12, 2024 The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited P. J. Towers Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Scrip Code - 540775 Symbol - KHA
Slide 2: Quarter 2 FY 2024-25
QUARTER 2 | FY 2024-25 Ae
Slide 3: Forward looking statements disclaimer
This presentation and the following discussion may contain “forward looking statements” by Khadim India Limited (“Khadim” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financial condition, b
Slide 4: Business Overview
ZY KHADIM ~BUSINESS OVERVIEW SSS ee
Slide 5: Company Overview
ZK KHADIM COMPANY OVERVIEW
Slide 6: Company milestones timeline
• Commenced • Commenced • Investment by • Commenced e- • Listed on NSE & BSE • Launched the new • Initiated demerger of retail business manufacturing Fairwinds commerce retailing with an IPO of Rs logo of the brand Distribution business through COOs operations for Trustees Services operations throug
Slide 7: Company Overview - Distribution
COMPANY OVERVIEW _ OISTRIBUTION
Slide 8: Company Overview: Two-pronged Strategy and Asset Light Model
1. Two-pronged Market Strategy • Two distinct business models – Retail & Distribution. • Each segment has its own customer base, product range and sales channels. COMPANY OVERVIEW 2. Asset Light Model for Growth RETAIL DISTRIBUTION • Retail business: 74% of retail presence through franchise route. O
Slide 9: Extensive Reach & Presence
4. Extensive Reach & Presence • Retail presence across 27 states & 5 union territory 3. Leading Footwear Brand in India • 891 ‘Khadim’s’ branded retail stores • (Sept-24) 5. Strong Design Capabilities • 2nd largest footwear retailer in India • Wide network of 764 distributors selling • Understanding
Slide 10: Presence in 27 States & 5 Union Territory
Presence in 27 States & 5 Union Territory Retail Stores Distributors Brand Network Retail Stores – Tier wise Retail Stores 1 Retail Stores 891 Distributors Metros 3 19% - COCO 235 Tier I 1 1 1 4 49% 14 6 1 Tier II 14% 1 4 1 2 - Franchises 656 Tier III 18% 10 20 64 52 56 73 1 2 Distributors 764 102 6
Slide 11: Marketing & Social Media
ZK KHADIM MARKETING & SOCIAL MEDIA
Slide 12: Social Media & Marketing
SOCIAL MEDIA & Kolkata West Bengal India
Slide 13: Social Media & Marketing
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Slide 14: PIAA AIPA IAL® .
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Slide 15: Social Media & Marketing Initiative
SOCIAL MEDIA & MARKETING INITIATIVE
Slide 16: Q2 FY25 results highlights
• Revenue for the quarter stood at Rs. 1,605.8 mn up by 2.2% YoY. Revenues for H1 FY25 stood at Rs. 3,144.7 mn, down by 0.2% YoY. • Gross margin for the quarter stood at 48.3%, up by 360 bps YoY. Increase in gross margins due to higher contribution from retail leading to favorable product mix. • EBI
Slide 17: Revenue Break Up
REVENUE BREAK UP GROSS SALES NET SALES 493.4 24% 610.80 1137.0 8% 1,225.8 440.5 545.4 1,015.2 1,094.5 24% 8% 1,316.7 1,271.4 2,491.6 2,330.1 1,161.1 1,120.3 2,196.9 2,053.7 (6%) (7%) (3%) (4%) Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Retail Distribution Retail Distribution Seg
Slide 18: Consolidated Profit & Loss Statement
Particulars (In Rs Mn) Q2 FY25 Q2 FY24 YoY % Q1 FY25 QoQ % H1 FY25 H1 FY24 YoY% CONSOLIDATED PROFIT & LOSS STATEMENT Revenue from Operations 1,605.8 1,570.9 2.2% 1,538.9 4.3% 3,144.7 3,150.7 -0.2% Cost of Materials consumed 338.2 275.0 361.5 699.7 683.6 Purchase of stock-in-trade 721.4 763.1 675.6 1
Slide 19: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Particulars (Rs. Mn) Sept-24 Mar-24 Particulars (Rs. Mn) Sept-24 Mar-24 ASSETS EQUITY AND LIABILITIES Non ‐ Current Assets Equity Property, plant and equipment 769.2 774.4 (a) Equity share capital 183.8 181.3 (b) Other equity 2308.4 2214.7 Capital work‐in‐progress 4.8 1.5
Slide 20: Performance Track Record
% KHADIM PERFORMANCE TRACK RECORD
Slide 21: Revenue, EBITDA and PAT trends
Revenue & Gross Margin EBITDA & EBITDA Margin PAT & PAT Margin 18, 000 60. 0% 16, 000 47.7% 45.4% 50. 0% 14, 000 37.2% 41.9% 12, 000 40. 0% 2.6% 11.0% 11.5% 11.7% 1.1% 1.0% 0.9% 10, 000 28.8% 30. 0% 8.1% 8,0 00 6,262 6,602 6,149 175 5,911 725 710 6,0 00 20. 0% 0.6% 64 63 30 478 -5.3% 4,0 00 3145 367
Slide 22: Segment-wise revenues and gross margins
Revenues – Segment wise Retail revenues – COCO vs Franchise Retail Revenues – Khadim’s vs Sub-brands 50% 41% 45% 44% 44% 46% 58% 63% 65% 61% 60% 57% 57% 59% 59% 32% 59% 55% 56% 56% 54% 40% 34% 31% 33% 40% 43% 43% 41% 41% 18% 2% 3% 4% 6% FY21 FY22 FY23 FY24 H1 FY25 FY21 FY22 FY23 FY24 H1 FY25 FY21 FY
Slide 23: Business Strategy & Outlook
BUSINESS STRATED oe & OUTLOOK? =>
Slide 24: Two-Pronged Strategy
TWO-PRONGED STRATEGY RETAIL BUSINESS DISTRIBUTION BUSINESS 891 Khadim’s exclusive branded outlets as on 764 distributors supplying to MBOs across 30th September 2024 India as on 30th September 2024 Reach Middle & upper middle-income consumers in Lower- & middle-income consumers in Tier I – metros (i
Slide 25: Retail and Distribution growth strategy
Expand Store Network pan-India with focus on Premiumisation, Asset Light Model & optimum capacity utilisation RETAIL BUSINESS DISTRIBUTION BUSINESS Focus on penetration in existing markets in Expanding retail footprint in markets Eastern and Southern India and capitalise on across South India, West
Slide 26: Distinct Brand Positioning for Various Market Segments
DISTINCT BRAND POSITIONING FOR VARIOUS MARKET SEGMENTS Khadim’s brand presence and product range makes it capable to address ~85% of the total Indian footwear market potential through its retail and distribution business Distinct brand positioning to target customers Footwear Market Segmentation Acr
Slide 27: Retail: Affordable Fashion brand
‘Affordable Fashion’ brand catering to the entire family for all occasions RETAIL MEN / WOMEN / KIDS Menswear Semi-formal Fashionable & casual Menswear Formal shoes WIDE PRODUCT RANGE footwear for value & sandals using casual shoes / sandals premium quality leather Men & Women wear Sports / activity
Slide 28: Distribution
DISTRIBUTION “In the Distribution Business too, like retail, we wish to be a brand for the entire family for all occasions”
Slide 29: Board of Directors
Prof. (Dr.) Surabhi Banerjee Mr. Siddhartha Roy Burman Chairperson, Non-Executive, Managing Director Mr. Rittick Roy Burman Independent Director Whole-time Director • Associated with the Company since its • Bachelor’s degree in commerce from University of • 38 years of experience as an academician C
Slide 30: Key management team
Mr. Indrajit Chaudhuri Chief Financial Officer • 23+ yrs of experience in finance & accounts, taxation and strategic planning • Responsible for all commercial & strategic planning and has assisted in providing the corporate structure of the company as it stands today • Earlier associated with P. G.
Slide 31: Contact details
. CONTACT NO: + 9133 40090505 INDRAJIT.CHOWDHURY @KHADIMS.COM orient capital WWW.KHADIMS.COM