Footwear company Relaxo Footwears announced Q1FY25 results: Revenue at Rs 748 crore, in Q1FY25 as compared to Rs 739 crore in Q1FY24. EBITDA at Rs 99 crore in Q1FY25 as against Rs 108 crore in corresponding quarter of previous year. Profit after Tax at Rs 44 crore in Q1FY25 as compared to Rs 56 crore in Q1FY24. Commenting on the results and performance, Ramesh Kumar Dua, Chairman and Managing Director said: “The company reported nominal revenue increase during the quarter, largely due to weak consumer sentiments driven by election related disruptions and severe heat conditions in many parts of India. We operate in a labour intensive industry which was impacted by an abnormal increase in minimum wages as mandated by the government. We decided not to pass on the higher costs to consumers in the current subdued market conditions, which has impacted profitability in this quarter. Capex incurred to manufacture higher volumes in the future have also led to higher depreciation expenses in this quarter. We have undertaken major sales transformation initiatives to enhance our connect with distributors, retailers and consumers, and with a favourable monsoon expected, we are optimistic about sales growth in the coming quarters. The company is undertaking cost optimization initiatives which will help to improve overall performance of the company during this year.” Result PDF