Relaxo Footwears Ltd.

NSE: RELAXO | BSE: 530517 | ISIN: INE131B01039 | Industry: Footwear
| Mid-range Performer

435.95
-0.45%
ICICI Securities Limited
As most people are working from home, sales of sandals, flip flops have seen a significant surge in demand. Relaxo being a dominant player in the aforesaid categories, through its strong portfolio of brands (Flite', Bahamas', Hawaii') has witnessed a swift recovery in volumes and captured market share from unorganised players in H1FY21. While sale of shoes continues to be laggards (sports, canvas), green shoots are visible with gradual opening up of the economy. Further, on festive demand trends, healthy traction has been seen in October in most regions except Kerala....
Relaxo Footwears Ltd. has an average target of 466.67 from 3 brokers.
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