Liberty Shoes Limited has released its unaudited financial results for the third quarter and nine months ended December 31, 2025, showing mixed performance with revenue growth but declining profitability. The Board of Directors approved these results during their meeting held on February 13, 2026, in Gurugram.

Financial Performance Overview

The company's financial performance for Q3 FY26 presents a contrasting picture of growth and challenges:

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Liberty Shoes demonstrated sustained revenue growth despite profit pressures:

Cost Structure and Operational Metrics

The company's expense analysis reveals several key trends affecting profitability. Total expenses for Q3 FY26 increased to ₹17,979.03 lakh from ₹15,650.89 lakh in Q3 FY25. Employee benefits expense rose significantly to ₹3,664.52 lakh compared to ₹3,150.78 lakh in the previous year, representing a 16.31% increase. The company noted an additional employee benefits expense of ₹141.00 lakh due to the implementation of new Labour Codes notified by the Government of India in November 2025.

Corporate Developments

Several important corporate updates emerged from the results announcement:

• Credit Rating: CARE Ratings Ltd. reaffirmed the company's ratings as CARE A2 for short-term bank facilities and CARE BBB+ (Stable) for long-term bank facilities
• Business Segment: The company operates within a single operating segment, namely the footwear segment, as per Ind AS 108 guidelines
• Equity Structure: Paid-up equity share capital remained stable at ₹1,704.00 lakh with a face value of ₹10 per share

Regulatory Compliance and Governance

The unaudited financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the Audit Committee before Board approval. The statutory auditors conducted a limited review of the financial results, confirming compliance with applicable accounting standards and SEBI regulations. The results have been made available on the company's website and stock exchange platforms as per regulatory requirements.

Liberty Shoes Limited has received a regulatory disclosure from promoter group entity Dinesh Kumar Gupta HUF regarding the sale of equity shares through open market transactions. The disclosure, filed under SEBI regulations, provides detailed information about the transaction and its impact on promoter shareholding patterns.

Transaction Details

Arpan Gupta, acting as Karta of Dinesh Kumar Gupta HUF, sold 10,000 equity shares of Liberty Shoes Limited on 18.12.2025 through open market transactions. The sale represents 0.059% of the company's total share capital.

Shareholding Pattern Changes

The transaction resulted in changes to the HUF's shareholding in Liberty Shoes Limited. Prior to the sale, Dinesh Kumar Gupta HUF held 3,34,594 equity shares, representing 1.964% of the company's share capital.

Promoter Group Holdings

The disclosure includes comprehensive details of persons acting in concert with the seller. The promoter group comprises 22 entities and individuals, with Geofin Investments Private Limited being the largest stakeholder holding 44,72,517 shares (26.247%).

Following this transaction, the total promoter group holding decreased from 99,71,889 shares (58.520%) to 99,61,889 shares (58.462%). Other significant promoter group members include:

• Aadesh Kumar Gupta HUF: 6,80,000 shares (3.991%)
• Adeesh Kumar Gupta HUF: 6,60,000 shares (3.873%)
• Arpan Gupta (individual): 5,09,211 shares (2.988%)
• Anupam Bansal: 4,95,605 shares (2.908%)

Company Share Capital

Liberty Shoes Limited maintains a total equity share capital of Rs. 17,04,00,000 divided into 1,70,40,000 equity shares of Rs. 10 each. The company's shares are listed on both BSE Limited and The National Stock Exchange of India Limited.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to the company's compliance officer and both stock exchanges where Liberty Shoes shares are traded.