Relaxo Footwears Ltd.

NSE: RELAXO | BSE: 530517 | ISIN: INE131B01039 |Industry: Footwear
|Expensive Performer
1252.60 -21.75 (-1.71%)
NSE Dec 06, 2021 15:31 PM
Volume: 106.9K
 

Relaxo Footwears Ltd.    
02 Nov 2021
1252.60
-1.71%

Highlights for Q2 FY22:

  • Q2 FY22 Revenue at Rs. 714 crore grew strongly at 24%YoY
  • Q2 FY22 EBITDA stood at Rs. 117 crore; Margins at 16.4%
  • Q2 FY22 Profit After Tax stood at Rs. 69 crore; Margins at 9.6%
  • Other income stood at Rs. 7 crore as compared to Rs. 5 crore in the corresponding period of the previous year. The increase is mainly due to higher interest income on investments during the quarter.

Highlights for H1 FY22:

  •  Revenue at Rs. 1,212 crore as compared to Rs. 939 crore in the corresponding period of the previous year.
  • EBITDA at Rs. 183 crore as compared to Rs. 184 crore in the corresponding period of the previous year.
  • Profit after Tax at Rs. 100 crore as compared to Rs. 99 crore in the corresponding period of the previous year.
Commenting on the results and performance, Mr. Ramesh Kumar Dua, Managing Director said:
“During the quarter it was heartening to see the way our country came out of the grip of second wave of COVID 19 and how the economy returned back to normalcy. It is remarkable that India is able to administer more than 100 crore of COVID 19 vaccine dosages and with this the medium term outlook seems quite promising specially for consumer facing business like us.
Relaxo registered good growth in revenue on the back of demand recovery due to opening of the stores across geographies, strong rebound in economic activities resulting in business returning to pre-covid levels. Inflationary trend in the raw material prices has further intensified and has reached elevated levels which impacted gross margins. However, we have concern about the increasing trend in raw material prices and taking all possible measures to mitigate its impact on margins including timely price increase.
We are firmly and resolutely on a journey to accelerate our growth further by using a diverse portfolio, enhanced distribution network & deployment of resources in innovation, brand promotion and continuing to follow customer centric approach.”
 
 

 

 

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Relaxo Footwears Ltd. has gained 72.33% in the last 1 Year
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