Latest news with #RelaxoFootwears
Time of India
29-05-2025
- Business
- Time of India
Bata India posts surprise profit fall in fourth quarter as footwear demand wanes
HighlightsBata India reported a surprising 28 per cent decline in consolidated profit for the fourth quarter, falling to 459.2 million rupees, as sluggish consumer demand impacted sales. The company's revenue for the quarter decreased by 1 per cent to 7.88 billion rupees, underperforming analysts' expectations of 8.23 billion rupees, reflecting ongoing challenges in the Indian retail market. In contrast, peer Metro Brands exceeded profit expectations due to growth in its premium segment, while Relaxo Footwears experienced declines in revenue, profit, and footwear sales volume. Footwear maker Bata India reported a surprise fourth-quarter profit decline on Wednesday, hurt by sluggish consumer demand as the high cost of living hurts household budgets. The company's quarterly consolidated profit fell 28 per cent from a year ago to 459.2 million rupees ($5.4 million) while analysts expected a growth of around 5 per cent, according to data compiled by LSEG. Bata, which also sells footwear brands such as Hush Puppies and North Star in India, said its revenue in the quarter dropped 1 per cent from a year ago to 7.88 billion rupees, lower than the 8.23 billion rupees expected by analysts. KEY CONTEXT Urban consumer demand in India remains weak due to the high cost of living and sluggish wage growth, with lower inflation in the fourth quarter offering little respite for consumer companies. Bata has strived to maximize volume-led growth in recent quarters by reducing the number of price points offered in stores to ease decision-making for customers, analysts have said. Peer Metro Brands beat fourth quarter profit expectations, benefiting from growth in its premium segment, while Relaxo Footwears reported declines in quarterly revenue , profit and volume of footwear sold. PEER COMPARISON Valuation (next 12 Estimates (next 12 Analysts' sentiment months) RIC PE EV/EBITDA Revenue Profit Mean No. of Stock to Div growth(%) growth(% rating* analyst price yield) s target** (%) Bata India 50.76 19.63 8.48 7.62 Hold 10 0.96 1.49 Metro Brands 67.98 36.18 15.27 26.50 Buy 20 0.95 0.50 Relaxo Footwears 50.65 24.25 9.20 22.91 Hold 9 0.95 0.68 Campus Activewear 54.30 28.17 13.89 27.99 Buy 7 0.93 * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY TO MARCH STOCK PERFORMANCE -- All data from LSEG
Reuters
28-05-2025
- Business
- Reuters
Bata India posts surprise profit fall in fourth quarter as footwear demand wanes
May 28 (Reuters) - Footwear maker Bata India ( opens new tab reported a surprise fourth-quarter profit decline on Wednesday, hurt by sluggish consumer demand as the high cost of living hurts household budgets. The company's quarterly consolidated profit fell 28% from a year ago to 459.2 million rupees ($5.4 million) while analysts expected a growth of around 5%, according to data compiled by LSEG. Bata, which also sells footwear brands such as Hush Puppies and North Star in India, said its revenue in the quarter dropped 1% from a year ago to 7.88 billion rupees, lower than the 8.23 billion rupees expected by analysts. Urban consumer demand in India remains weak due to the high cost of living and sluggish wage growth, with lower inflation in the fourth quarter offering little respite for consumer companies. Bata has strived to maximize volume-led growth in recent quarters by reducing the number of price points offered in stores to ease decision-making for customers, analysts have said. Peer Metro Brands ( opens new tab beat fourth quarter profit expectations, benefiting from growth in its premium segment, while Relaxo Footwears ( opens new tab reported declines in quarterly revenue, profit and volume of footwear sold. PEER COMPARISON * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY TO MARCH STOCK PERFORMANCE -- All data from LSEG -- $1 = 85.3620 Indian rupees
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.
Business Standard
10-05-2025
- Business
- Business Standard
Relaxo Footwears standalone net profit declines 8.42% in the March 2025 quarter
Sales decline 6.97% to Rs 695.15 crore Net profit of Relaxo Footwears declined 8.42% to Rs 56.22 crore in the quarter ended March 2025 as against Rs 61.39 crore during the previous quarter ended March 2024. Sales declined 6.97% to Rs 695.15 crore in the quarter ended March 2025 as against Rs 747.21 crore during the previous quarter ended March 2024. For the full year,net profit declined 15.03% to Rs 170.33 crore in the year ended March 2025 as against Rs 200.47 crore during the previous year ended March 2024. Sales declined 4.27% to Rs 2789.61 crore in the year ended March 2025 as against Rs 2914.06 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 695.15747.21 -7 2789.612914.06 -4 OPM % 16.1216.11 - 13.6913.95 - PBDT 114.73120.75 -5 388.30416.76 -7 PBT 75.3682.29 -8 229.87269.27 -15 NP 56.2261.39 -8 170.33200.47 -15
