Liberty Shoes FY26 net profit falls 17.5%, revenue rises 9.5%
Liberty Shoes reported a 17.5% decline in FY26 net profit to ₹1,118.94 lakh, driven by higher tax expenses and exceptional items, even as revenue from operations rose 9.5% to ₹73,999.11 lakh. For the quarter ended March 31, 2026, net profit stood at ₹529.75 lakh on revenue of ₹21,204.53 lakh. The board approved the audited results on May 26, 2026, with statutory auditors Pardeep Tayal & Co issuing an unmodified opinion, while noting asset usage arrangements expiring in 2028.
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Liberty Shoes reported a 17.5% decline in net profit to ₹1,118.94 lakh for the financial year ended March 31, 2026, despite a 9.5% increase in revenue from operations to ₹73,999.11 lakh. The footwear manufacturer’s profit for the period fell from ₹1,356.12 lakh in the previous year, primarily impacted by higher tax expenses and exceptional items. For the fourth quarter ended March 31, 2026, the company recorded a net profit of ₹529.75 lakh on revenue of ₹21,204.53 lakh.
The Board of Directors approved the audited financial results for the fourth quarter and financial year ended March 31, 2026 at a meeting held on May 26, 2026. The results were reviewed by the Audit Committee and are in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory auditors Pardeep Tayal & Co issued an unmodified opinion on the financial results.
Total expenses for FY26 rose to ₹72,566.72 lakh from ₹65,220.98 lakh in the previous year. The company reported an exceptional loss of ₹14.91 lakh for the year, compared to a gain of ₹269.37 lakh in FY25. Tax expenses increased to ₹378.32 lakh from ₹731.26 lakh in the prior year. Earnings per share (EPS) for the year stood at ₹6.59, down from ₹7.92 in the previous year.
Financial Performance
The following table summarizes the key financial metrics for Liberty Shoes for the quarter and year ended March 31, 2026:
| Particulars | Q4 FY26 (₹ in Lakh) | Q4 FY25 (₹ in Lakh) | FY26 (₹ in Lakh) | FY25 (₹ in Lakh) |
|---|---|---|---|---|
| Revenue from operations | 21,204.53 | 18,765.93 | 73,999.11 | 67,548.05 |
| Total Income | 21,227.81 | 18,780.20 | 74,049.07 | 67,577.73 |
| Total Expenses | 20,615.05 | 17,890.82 | 72,566.72 | 65,220.98 |
| Profit before tax | 627.47 | 859.94 | 1,497.26 | 2,087.38 |
| Net Profit | 529.75 | 560.69 | 1,118.94 | 1,356.12 |
| EPS (Basic) | 3.13 | 3.29 | 6.59 | 7.92 |
Assets and Liabilities
The company’s total assets as of March 31, 2026, stood at ₹52,265.37 lakh, up from ₹49,663.32 lakh in the previous year. Non-current assets increased to ₹19,852.29 lakh, while current assets were recorded at ₹32,413.08 lakh. On the liabilities side, total equity and liabilities amounted to ₹52,265.37 lakh, with total equity at ₹23,378.49 lakh.
Auditor’s Emphasis
The statutory auditors drew attention to arrangements with partnership firms, in which some directors are partners, regarding the usage of tangible and intangible assets. These arrangements are set to expire on March 31, 2028. Management represented that the company expects to acquire, renew, or implement alternative strategies to ensure operational continuity, and no adjustments have been made to the financial statements in this regard.
Historical Stock Returns for Liberty Shoes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.12% | +2.52% | -7.25% | -18.89% | -46.82% | +72.14% |
What specific strategies will management implement to curb rising expenses and restore profit margins in FY27?
How does the company plan to address the operational risks associated with the expiration of director-partnership asset arrangements in 2028?
Will the company focus on premiumization or cost leadership to drive revenue growth while managing tax expenses?
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