Liberty Shoes schedules 40th AGM; revenue up 9.55% in FY26
- Revenue grew 9.55% YoY to ₹73,999.11 lakh in FY26
- Net profit fell 20.49% to ₹1,118.95 lakh due to input cost pressures
- AGM to approve Raman Bansal's appointment as Executive Director
- E-commerce revenue exceeded ₹150 crore, up ~15% YoY
*this image is generated using AI for illustrative purposes only.
Liberty Shoes has scheduled its 40th Annual General Meeting for Tuesday, September 29, 2026, at 11:00 am via video conferencing. The meeting will address key governance matters, including the appointment of Raman Bansal as Executive Director and the reappointment of independent directors Piyush Dixit and Anand Das Mundhra.
Financial Performance Overview
For FY26, the company reported revenue from operations of ₹73,999.11 lakh, a 9.55% increase from ₹67,548.06 lakh in FY25. However, net profit declined 20.49% to ₹1,118.95 lakh, down from ₹1,356.13 lakh in the previous year.
The moderation in profitability despite revenue growth was primarily driven by rising input and raw material costs, increased minimum wages, and higher employee benefit expenses. These operational cost pressures offset the benefits of higher sales volumes.
| Metric | FY26 (₹ Lakh) | FY25 (₹ Lakh) | Change |
|---|---|---|---|
| Revenue from Operations | 73,999.11 | 67,548.06 | +9.55% |
| Net Profit | 1,118.95 | 1,356.13 | -20.49% |
| Profit Before Tax | 1,497.26 | 2,087.39 | -28.27% |
What the Numbers Show
While top-line growth indicates sustained demand across retail and digital channels, the divergence between revenue and profit trends highlights margin compression. Employee benefit expenses rose to ₹14,640.92 lakh from ₹12,706.97 lakh, reflecting statutory wage increases and headcount expansion. This structural cost increase, combined with raw material inflation, constrained bottom-line expansion despite a 9.55% rise in turnover.
Key AGM Resolutions
Shareholders will vote on several special resolutions:
- Appointment of Executive Director: Approval for the appointment of Sh. Raman Bansal as Executive Director for three years, effective August 10, 2026. His proposed remuneration is ₹120 lakh per annum, subject to shareholder approval under Schedule V of the Companies Act due to inadequate profits.
- Reappointment of Independent Directors: Reappointment of Sh. Piyush Dixit and Sh. Anand Das Mundhra for a second term of three years each.
- Ordinary Business: Adoption of audited financial statements for FY26 and reappointment of directors retiring by rotation, including Sh. Ashok Kumar and Sh. Anupam Bansal.
Operational Updates
The company highlighted growth in its e-commerce division, which achieved over ₹150 crore in net revenue, up approximately 15% year-on-year. Quick commerce channels saw significant expansion, with platforms like Blinkit, Swiggy, and Zepto growing approximately four times year-on-year. The offline retail network has crossed 450 stores, with plans to add 100+ new stores in the coming year.
No dividend was recommended for FY26, as the board prioritized reinvestment into business growth and working capital management.
Historical Stock Returns for Liberty Shoes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.32% | -2.40% | -9.06% | +0.96% | -31.89% | 0.0% |
How might the appointment of Raman Bansal as Executive Director influence Liberty Shoes' strategy to reverse the 20.49% decline in net profit amidst rising input costs?
Given the 4x YoY growth in quick commerce channels, what specific operational adjustments is the company making to maintain margins on these high-volume, low-margin platforms?
With no dividend declared for FY26, how will the prioritized reinvestment into working capital and store expansion impact cash flow stability in the near term?
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