{"id":142860,"date":"2023-02-27T06:34:12","date_gmt":"2023-02-27T11:34:12","guid":{"rendered":"https:\/\/44.250.171.167\/?p=142860"},"modified":"2023-02-27T06:34:13","modified_gmt":"2023-02-27T11:34:13","slug":"relaxo-footwears-limited-q3fy23-earnings","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/relaxo-footwears-limited-q3fy23-earnings\/","title":{"rendered":"Relaxo Footwears Limited Q3FY23 Earnings"},"content":{"rendered":"\n<p>The largest footwear manufacturer in India, <a href=\"https:\/\/44.250.171.167\/symbol\/relaxo\/\" target=\"_blank\" rel=\"noreferrer noopener\">Relaxo Footwears Ltd<\/a>, specialises in non-leather items such as kinds of footwear. It also dominates the footwear market for &#8220;value.&#8221; Reputable brands in its portfolio include Relaxo, Sparx, Flite, and Bahamas. The business offers its goods to retailers through distributors, retail stores, exports, and online shopping\/modern trade.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Results:<\/h2>\n\n\n\n<p>\u00a0From\u00a0\u20b9\u00a070 Cr.\u00a0in Q3FY22 to \u20b9 30 Cr.\u00a0in Q3FY23, the firm recorded a 57% decline in net profit.<\/p>\n\n\n\n<p>During the quarter, operating revenue fell by 8% year on year basis&nbsp;to \u20b9 681 Cr.&nbsp; It was affected by the weak demand for products in the mass sector and the higher volume\/value base in the same quarter of FY22 owing to the change in the GST rate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The largest footwear manufacturer in India, Relaxo Footwears Ltd, specialises in non-leather items such as kinds of footwear. It also dominates the footwear market for &#8220;value.&#8221; Reputable brands in its portfolio include Relaxo, Sparx, Flite, and Bahamas. The business offers its goods to retailers through distributors, retail stores, exports, and online shopping\/modern trade. Financial Results: [&hellip;]<\/p>\n","protected":false},"author":1885,"featured_media":138968,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,6352,85],"tags":[143],"class_list":["post-142860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-research-summary","category-retail-stocks","tag-footwear"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-158636434.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":163996,"url":"https:\/\/alphastreet.com\/india\/relaxo-footwears-ltd-q1fy25-21-fall-in-profits\/","url_meta":{"origin":142860,"position":0},"title":"Relaxo Footwears Ltd Q1FY25; 21% fall in Profits","author":"Chirag Gupta","date":"August 22, 2024","format":false,"excerpt":"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. 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