Relaxo Footwears Reports 15% Decline in Net Profit to ₹170.33 Crores 9 days ago
Relaxo Footwears, India's largest footwear manufacturer, reported a 15% year-on-year decline in net profit to ₹170.33 crores. Revenue from operations decreased by 4.3% to ₹2,789.61 crores. EBITDA fell to ₹382.00 crores with a margin of 13.69%. Footwear sales decreased to 17.75 crore pairs. Despite challenges, the company recommended a final dividend of ₹3 per equity share. Relaxo launched over 275 new designs, expanded its distribution network, and grew retail presence to 418 Exclusive Brand Outlets. The company implemented efficiency measures and has a presence in over 30 countries. Relaxo remains cautiously optimistic about gradual recovery in consumer demand.
Relaxo Footwears Revamps Distribution System Amidst Volume Challenges May 13, 2025
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10May 25
Relaxo Footwear Faces Headwinds in Mid-Range Segment, Initiates Distribution Overhaul
Relaxo Footwear reports a decline in topline performance due to weak demand in the mid-range footwear segment. The company is implementing a significant internal restructuring initiative, focusing on overhauling its distribution strategy. This move aims to improve operational agility, enhance market penetration, and quicken response to consumer preferences. The restructuring is part of Relaxo's efforts to strengthen business fundamentals and navigate current market challenges.
09May 25
Relaxo Footwears Q4 Results: Revenue and Profit Decline Amid Challenging Market Conditions; Recommends Dividend of 3 Rupees per Share
Relaxo Footwears reported a 6.96% year-over-year decline in Q4 FY2024 revenue to ₹695.00 crore. Net profit fell 8.47% to ₹56.20 crore. Despite challenges, the company maintained its EBITDA margin at 16.12%. A dividend of 3 rupees per equity share has been recommended. Sequential improvement was seen from Q3, with revenue up 3.16% and net profit increasing 70.30%.