Footwear company Relaxo Footwears announced Q1FY26 results Revenue at Rs 654 crore in Q1FY26 as compared to Rs 748 crore in Q1FY25 on account of continued muted consumer sentiment especially in the mass and mid market segment coupled with intense regional competition in the general distribution channel. EBITDA stood at Rs 99 crore in Q1FY26, similar to the corresponding quarter of the previous year. EBITDA margin of 15.2% in Q1FY26, expanded by 198 bps from 13.2% in Q1FY25 due to increased focus on operational efficiencies. Profit after Tax at Rs 49 crore in Q1FY26, grew by 10.2% YoY, with a stronger PAT Margin of 7.5% compared to 5.9% in Q1FY25. Ramesh Kumar Dua, Chairman and Managing Director said: “As we reflect on Q1FY26, it was a quarter that came with its share of challenges. Consumer demand remained muted, particularly in the mass and mid-market segments, while regional competition in general trade intensified from smaller players who have gained ground since the GST increase from 5% to 12% in 2022. Even as these pressures strained our ecosystem, we consciously avoided short term tactics such as deep discounting while staying steadfast in our commitment to protect overall profitability. At the same time, we remained focused on our sales transformation journey and the expansion of our distribution network, steps that will place the business on a stronger footing in the future. Encouragingly, we were able to improve operating margins during the quarter through enhanced operational efficiencies, disciplined cost management and streamlined backend processes. These productivity measures will help build a strong foundation for improved financial performance ahead. While it will take some time for the topline to stabilize and improve, our long-term priority remains sustainable, profitable growth. The groundwork we are laying today gives us confidence in delivering stronger results in the quarters to come.” Result PDF
Footwear company Relaxo Footwears announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue at Rs 695 crore in Q4FY25 as compared to Rs 747 crore in Q4FY24 impacted by lower volumes owing to a challenging demand landscape, particularly in the mid-range footwear segment. Sequentially, Revenue grew by 4% from Rs 667 crore in Q3FY25. EBITDA at Rs 112 crore in Q4FY25 as against Rs 120 crore in corresponding quarter of previous year. EBITDA margin stood at 16.1% during the quarter. Profit after Tax at Rs 56 crore in Q4FY25. FY25 Financial Highlights: Revenue at Rs 2,790 crore in FY25 as compared to Rs 2,914 crore in FY24. EBITDA at Rs 382 crore in FY25 as against Rs 407 crore in FY24. EBITDA margin stood at 13.7% in FY25. Profit after Tax at Rs 170 crore in FY25 with PAT margin at 6.1%. Ramesh Kumar Dua, Chairman & Managing Director said: “FY25 was a year of consolidation for Relaxo. While our topline was impacted by muted demand in the mid-range footwear segment and internal restructuring of our distribution model, these were strategic interventions aimed at setting the business on a stronger, more agile footing. We believe that this sets us up to grow profitably in the coming years. As it stands, we firmly believe this is the bottom and while there are still some moving parts in work in the next few quarters, the trajectory will trend upwards from here. We believe the full effect of the restructuring and other investments will start showing up from the second half of fiscal FY26. Key initiatives implemented by the company include optimising our distributor and retailer network through the “Relaxo Parivaar” app, pivoting to “Brand As Seller” model & launching new product range for the e-commerce channel, establishing a tech-enabled warehouse for the shoe division, and enhancing our supply chain operations. Looking ahead at FY26, our priority is to drive profitable growth. While the topline is expected to remain steady with a potential upward bias, our efforts will be directed toward EBITDA enhancement, led by operational efficiencies, digital initiatives, and a sharper product focus.” Result PDF