Liberty Shoes Reports 117% Surge in Q2 Net Profit with Steady Revenue Growth

Liberty Shoes has announced its financial results for the second quarter and half-year ended September 30, 2025, showcasing a significant improvement in profitability despite modest revenue growth.

Key Financial Highlights

Particulars (in ₹ crore)	Q2 FY2026	Q2 FY2025	YoY Change
Revenue	174.23	171.80	+1.41%
EBITDA	15.10	14.60	+3.42%
EBITDA Margin	8.69%	8.49%	+20 bps
Net Profit	2.00	0.92	+117.39%

Revenue and Profitability

Liberty Shoes reported a revenue of ₹174.23 crore for Q2 FY2026, marking a modest increase of 1.41% compared to ₹171.80 crore in the same quarter last year. Despite the marginal revenue growth, the company's bottom line saw a substantial improvement.

The net profit for the quarter stood at ₹2.00 crore, more than doubling from ₹0.92 crore in Q2 FY2025, representing a remarkable 117.39% year-on-year increase. This significant jump in profitability showcases the company's effective cost management and operational efficiency.

Operational Performance

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose to ₹15.10 crore from ₹14.60 crore in the corresponding quarter, reflecting a 3.42% increase. The EBITDA margin improved by 20 basis points, reaching 8.69% compared to 8.49% in Q2 FY2025, indicating enhanced operational efficiency.

Half-Year Performance

For the half-year ended September 30, 2025, Liberty Shoes reported:

Particulars (in ₹ crore)	H1 FY2026	H1 FY2025	YoY Change
Revenue	347.02	327.72	+5.89%
Net Profit	5.30	5.58	-5.02%

The company's revenue for the first half of FY2026 grew by 5.89% to ₹347.02 crore, up from ₹327.72 crore in the same period last year. However, the net profit for H1 FY2026 slightly decreased to ₹5.30 crore from ₹5.58 crore in H1 FY2025.

Additional Financial Details

Liberty Shoes reported that its total assets increased to ₹510.65 crore as of September 30, 2025, from ₹496.63 crore as of March 31, 2025. The company's employee benefits expense rose to ₹71.83 crore for the half year, compared to ₹61.97 crore in the corresponding previous period.

The basic earnings per share for the half year stood at ₹3.11, down from ₹3.28 in the previous year.

Conclusion

Liberty Shoes' Q2 FY2026 results demonstrate the company's ability to enhance profitability through operational improvements, even with modest top-line growth. The substantial increase in net profit and the improvement in EBITDA margin are positive indicators for the company's financial health. However, the slight decrease in half-yearly net profit suggests that the company may face ongoing challenges in maintaining consistent profitability growth across longer periods.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.55%	-0.67%	-11.80%	-2.31%	-41.70%	+130.40%

Liberty Shoes , a prominent player in the Indian footwear industry, has announced its financial results for the first quarter, showcasing revenue growth amid changing market dynamics.

Q1 Financial Highlights

The company reported a revenue from operations of Rs. 17,279.00 lakh for Q1, marking a 10.8% increase compared to Rs. 15,592.80 lakh in the corresponding quarter of the previous year. However, net profit for the quarter stood at Rs. 332.73 lakh, down from Rs. 466.21 lakh in the same period last year, indicating a decrease of 28.6%.

Particulars (in Rs. Lakh)	Q1 Current	Q1 Previous	YoY Change
Revenue from Operations	17,279.00	15,592.80	+10.8%
Net Profit	332.73	466.21	-28.6%
Basic EPS (in Rs.)	1.95	2.74	-28.8%

The basic earnings per share (EPS) for the quarter was Rs. 1.95, compared to Rs. 2.74 in the previous year's quarter, reflecting the decline in profitability.

Executive Remuneration and Board Decisions

In a significant move, the Board of Directors has approved increased remuneration for three Executive Directors - Shammi Bansal, Adish Gupta, and Anupam Bansal. This decision is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Other Key Developments

Internal Auditor Appointment: The company has appointed Rajesh Gupta as the Internal Auditor for FY 2025-26 and subsequent financial years.
Annual General Meeting: Liberty Shoes has scheduled its 39th AGM for September 24, 2025, to be held via video conferencing.
E-voting Details: The company has announced that remote e-voting for the AGM will commence on September 21, 2025, and conclude on September 23, 2025.

Management Commentary

Shammi Bansal, Whole Time Director and Executive Director of Liberty Shoes, stated, "While we are pleased with the revenue growth in Q1, we acknowledge the challenges reflected in our profitability. We are implementing strategies to improve our bottom line while continuing to focus on market expansion and product innovation."

Liberty Shoes continues to operate within a single business segment - footwear - as per the company's financial disclosures. The company's focus remains on maintaining its position in the competitive Indian footwear market while adapting to evolving consumer preferences and market conditions.

Investors and stakeholders will be keenly watching the company's performance in the coming quarters, particularly in light of the approved executive remuneration increases and the broader economic environment affecting the retail sector.