New Delhi-based footwear maker Relaxo Footwear Ltd on Wednesday, July 30, reported a 10% increase in net profit at ₹48.9 crore in the first quarter of FY26 over ₹44.3 crore in the corresponding quarter a year ago.
The Q1 margins also improved to 15% year-on-year from 13.2%.
However, revenue dropped 12.6% to ₹654.5 crore compared to ₹748 crore last year.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the April-June quarter fell marginally by 0.5% to ₹98.6 crore.
On a sequential basis, the footwear manufacturer’s revenue fell by 5.8% while the net profit reduced by 13%.
The company’s revenue has been on a downward trajectory over the past years. In FY25, it reported revenue of ₹2,789 crore, down 4% from a year ago. Similarly, net profit also fell to ₹170 crore from ₹200.5 crore in FY24.
The footwear firm, in the post-results announcement in May, had attributed the lower volumes to a challenging demand landscape, particularly in the mid-range footwear segment.
Further, Vice President of Marketing, Sachin Chhabra and VP of Sales Surender Bansal resigned in June and July, respectively. Prince Jain has been named chief financial officer (CFO) effective May 16.
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Shares of the company closed flat at ₹482.9 on the BSE today (July 30). The stock has declined as much as 23% this year.
First Published: Christmas 30, 2025 6:42 PM IS
