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%.

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

1. Internal Auditor Appointment: The company has appointed Rajesh Gupta as the Internal Auditor for FY 2025-26 and subsequent financial years.

2. Annual General Meeting: Liberty Shoes has scheduled its 39th AGM for September 24, 2025, to be held via video conferencing.

3. 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.

Liberty Shoes , a prominent Indian footwear manufacturer, has released its financial results for the fourth quarter, showcasing a mix of growth and challenges. The company reported a notable increase in revenue while experiencing a marginal decline in EBITDA.

Revenue Growth

Liberty Shoes demonstrated strong top-line performance in Q4, with revenue climbing to ₹1.88 billion, up from ₹1.70 billion in the same quarter last year. This represents a year-over-year increase of approximately 10.59%, indicating robust demand for the company's products.

EBITDA and Margin Performance

Despite the revenue growth, the company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a slight dip. Liberty Shoes reported an EBITDA of ₹251.30 million for the quarter, compared to ₹253.30 million in the corresponding period last year, marking a marginal decrease of about 0.79%.

The EBITDA margin also experienced a decline, falling to 13.39% from 14.93% year-over-year. This reduction in margin suggests that the company faced some challenges in maintaining its operational efficiency during the quarter.

Profitability Improvement

On a positive note, Liberty Shoes managed to boost its bottom line. The company reported a net profit of ₹56.10 million for Q4, up from ₹49.80 million in the same quarter last year, representing a year-over-year increase of about 12.65%. This improvement in net profit is particularly noteworthy when compared to the previous quarter's figure of ₹23.70 million, indicating a substantial quarter-over-quarter growth of approximately 136.71%.

Financial Performance Overview

Note: pp stands for percentage points

The financial results paint a picture of a company experiencing growth in terms of revenue and net profit, while grappling with slight pressure on its EBITDA and margins. The significant improvement in net profit, both year-over-year and quarter-over-quarter, suggests that Liberty Shoes has been able to manage its expenses effectively, despite the challenges in maintaining EBITDA levels.

As the footwear industry continues to evolve, Liberty Shoes' ability to grow its revenue while improving bottom-line performance positions the company to navigate the competitive landscape. Investors and industry observers will likely keep a close eye on how the company manages to balance its growth trajectory with operational efficiency in the coming quarters.