Relaxo Footwears Q4 net profit declines 8 percent to Rs 56 crore
Relaxo Footwears Ltd reported an 8 percent decline in net profit to Rs 56 crore ($6.7 million) for the fourth quarter ended March 31, as against Rs 61 crore in the year-ago period.
The company's revenue for the quarter was down by 7 percent to Rs 695 crore, as against Rs 747 crore in the corresponding quarter of the previous fiscal year.
For the full year, Relaxo reported a net profit of Rs 170 crore on a sales revenue of Rs 2,789 crore.
Commenting on the results, Ramesh Kumar Dua, chairman managing director of Relaxo in a statement 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,' he added.
Relaxo Footwears is engaged in production of Hawaii slippers, light weight slippers, canvas shoes, casual footwear among others.
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