|
31 Jul 2025 |
Relaxo Footwears
|
Consensus Share Price Target
|
482.95 |
468.58 |
- |
-2.98 |
hold
|
|
|
|
|
12 May 2025
|
Relaxo Footwears
|
Motilal Oswal
|
482.95
|
375.00
|
420.65
(14.81%)
|
22.35 |
Sell
|
|
|
Relaxo Footwears (RLXF) reported another weak quarter with EBITDA declining 7% YoY (6% miss) as volume (-10% YoY) was impacted by overall muted demand and restructuring of its distribution model.
|
|
01 Feb 2025
|
Relaxo Footwears
|
Axis Direct
|
482.95
|
550.00
|
556.25
(-13.18%)
|
Target met |
Hold
|
|
|
We maintain our HOLD rating on the stock.
|
|
31 Jan 2025
|
Relaxo Footwears
|
Motilal Oswal
|
482.95
|
425.00
|
549.45
(-12.10%)
|
Target met |
Sell
|
|
|
Relaxo Footwears (RLXF) reported another weak quarter with revenue declining 6% YoY due to a 15% YoY dip in volume.
|
|
12 Nov 2024
|
Relaxo Footwears
|
Axis Direct
|
482.95
|
700.00
|
699.30
(-30.94%)
|
Target met |
Hold
|
|
|
With a 5% downside from the CMP, we maintain our HOLD rating on the stock.
|
|
12 Nov 2024
|
Relaxo Footwears
|
IDBI Capital
|
482.95
|
797.00
|
699.30
(-30.94%)
|
65.03 |
Hold
|
|
|
|
|
11 Nov 2024
|
Relaxo Footwears
|
Motilal Oswal
|
482.95
|
680.00
|
738.65
(-34.62%)
|
Target met |
Neutral
|
|
|
Relaxo Footwears’ (RLXF) revenue declined 5% YoY as the 6% YoY ASP increase was offset by a 10% YoY volume decline on subdued demand and higher competition from lower-priced unorganized players.
|
|
05 Aug 2024
|
Relaxo Footwears
|
IDBI Capital
|
482.95
|
864.00
|
817.15
(-40.90%)
|
78.90 |
Hold
|
|
|
|
|
01 Aug 2024
|
Relaxo Footwears
|
Axis Direct
|
482.95
|
815.00
|
848.10
(-43.06%)
|
Target met |
Hold
|
|
|
We downgrade the stock to HOLD.
|
|
13 May 2024
|
Relaxo Footwears
|
Axis Direct
|
482.95
|
950.00
|
835.70
(-42.21%)
|
|
Buy
|
|
|
We maintain our BUY rating on the stock as we roll over our estimates to Mar-26 and maintain our TP of Rs 950 share.
|
|
13 May 2024
|
Relaxo Footwears
|
IDBI Capital
|
482.95
|
920.00
|
835.70
(-42.21%)
|
|
Hold
|
|
|
|
|
10 May 2024
|
Relaxo Footwears
|
Motilal Oswal
|
482.95
|
790.00
|
851.30
(-43.27%)
|
Target met |
Neutral
|
|
|
Relaxo Footwears posted a decline in revenue/PAT by 2%/3% YoY (9%/21% miss) in 4QFY24 due to weak momentum in closed footwear and BIS implementation. However, 810bp improvement in GM translated into 70bp EBITDAM improvement.
|
|
02 Feb 2024
|
Relaxo Footwears
|
Axis Direct
|
482.95
|
950.00
|
838.85
(-42.43%)
|
|
Buy
|
|
|
Recommendation With a 12% upside potential from the CMP, we maintain our BUY rating on the stock.
|
|
01 Feb 2024
|
Relaxo Footwears
|
IDBI Capital
|
482.95
|
933.00
|
838.85
(-42.43%)
|
Target met |
Hold
|
|
|
|
|
06 Nov 2023
|
Relaxo Footwears
|
Axis Direct
|
482.95
|
1020.00
|
907.60
(-46.79%)
|
|
Buy
|
|
|
We maintain our BUY rating on the stock as we roll over our estimates to Sep'25, based on which we have increased our TP to Rs 1,020/share from the earlier TP of Rs 1,050/share
|
|
28 Jul 2023
|
Relaxo Footwears
|
Hem Securities
|
482.95
|
1119.00
|
952.10
(-49.28%)
|
|
Buy
|
|
|
|
|
25 Jul 2023
|
Relaxo Footwears
|
Axis Direct
|
482.95
|
1050.00
|
947.35
(-49.02%)
|
|
Buy
|
|
|
With an 11% upside potential from the CMP, we maintain our BUY rating on the stock
|
|
24 Jul 2023
|
Relaxo Footwears
|
Motilal Oswal
|
482.95
|
850.00
|
948.50
(-49.08%)
|
Target met |
Neutral
|
|
|
|
|
16 May 2023
|
Relaxo Footwears
|
ICICI Direct
|
482.95
|
930.00
|
875.65
(-44.85%)
|
Target met |
Hold
|
|
|
|
|
15 May 2023
|
Relaxo Footwears
|
Axis Direct
|
482.95
|
980.00
|
876.25
(-44.88%)
|
|
Buy
|
|
|
Recommendation With a 10% upside potential from the CMP, we upgrade the stock to BUY
|
|
12 May 2023
|
Relaxo Footwears
|
Sharekhan
|
482.95
|
1005.00
|
876.25
(-44.88%)
|
|
Buy
|
|
|
|