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Relaxo Footwears Ltd Q1FY24; 44% rise in Profits

Relaxo Footwears Limited is the largest footwear manufacturing company in India, which deals in non-leather products i.e. rubber/EVA slippers, canvas shoes, sport shoes, sandals, school shoes and other types of footwear. It is also the leader in ‘value’ segment footwear. It has a portfolio of renowned brands like Relaxo, Sparx, Flite and Bahamas. The company sells its products through retailers served through distributors, retail outlets, exports and e-commerce / modern trade.

Financial Results:

Relaxo Footwears Ltd reported Revenues for Q1FY24 of ₹739.00 Crores up from ₹667.00 Crore year on year, a rise of 10.79%.

Total Expenses for Q1FY24 of ₹670.00 Crores up from ₹618.00 Crores year on year, a rise of 8.41%.

Consolidated Net Profit of ₹56.00 Crores up 43.59% from ₹39.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹2.26, up 45.81% from ₹1.55 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Categories: AlphaGraphs Retail
Tags: Footwear
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