Latest news with #Relaxo
Fashion Network
13-05-2025
- Business
- Fashion Network
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.
Business Standard
12-05-2025
- Business
- Business Standard
Relaxo Footwears Q4 PAT tumbles 8% YoY to Rs 56 cr
Relaxo Footwears' net profit decreased 8.42% to Rs 56.22 crore on 6.96% fall in revenue from operations to Rs 695.15 crore in Q4 FY25 over Q4 FY24. Profit before tax was at Rs 75.36 crore in the fourth quarter of FY25, down 8.42% as against Rs 82.29 crore in Q4 FY24. Total expenses fell 6.28% YoY to Rs 627.88 crore in the quarter ended 31st March 2025. The cost of material consumed, including packing material was at Rs 217.56 crore (down 25.83% YoY) and employee benefits expenses stood at Rs 88.78 crore (down 11.14% YoY) during the quarter. EBITDA declined by 7% to Rs 112 crore in Q4 FY25, compared to Rs 120 crore in Q4 FY24. The companys EBITDA margin remained the same at 16.1% for the quarter. The company recommended final dividend of Rs 3 per equity share of face value of Rs 1 each for the financial year ended on 31 March 2025, for the approval of members in the forthcoming annual general meeting (AGM) of the company. Commenting on the results and performance, Ramesh Kumar Dua, chairman and 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. Relaxo Footwears is engaged in production of Hawaii slippers, light weight slippers, canvas shoes, PVC footwear etc. Shares of Relaxo Footwears added 2.93% to Rs 414.15 on the BSE.
Fashion Network
09-05-2025
- Business
- Fashion Network
Relaxo Footwears partners with quick commerce platforms to expand presence
Relaxo Footwears has strengthened its online footprint by partnering with quick commerce platforms Blinkit, Zepto, and Swiggy Instamart to increase product accessibility across India. With these partnership, Relaxo's footwear brands like Flite slippers, Bahamas flip-flops, and Sparx shoes will be available for purchase via these instant delivery platforms. The products will be available across major Indian states including Delhi, Karnataka, Andhra Pradesh, Haryana, Uttar Pradesh, Maharashtra, Tamil Nadu, West Bengal, Rajasthan, and Gujarat. With this latest initiative, Relaxo plans to further expand its reach through quick commerce by providing consumers with faster access to its products. Commenting on the expansion, Nitin Dua, executive vice president of Relaxo Footwears in a statement said, 'We are excited to announce our presence on Blinkit, Zepto, and Swiggy Instamart, a key development in expanding our footprint in the quick commerce segment. By entering this sector, we aim to provide consumers with greater accessibility to Relaxo's trusted and beloved products, ensuring a seamless and convenient shopping experience.' Relaxo's brands like Sparx, Flite, and Bahamas are available on major e-commerce platforms like Amazon, Flipkart and Myntra.
Time of India
02-05-2025
- Business
- Time of India
Relaxo footwear now available on Q-commerce platforms
Synopsis Relaxo Footwears expands its reach. Now, customers can order Flite slippers, Bahamas flip-flops, and Sparx shoes on Blinkit, Zepto, and Swiggy Instamart. This move supports Relaxo's omnichannel retail strategy. The company aims to provide faster access to its products. Relaxo's presence on quick commerce platforms ensures a convenient shopping experience for consumers across major Indian states.
