Relaxo Footwears Limited — Updates, 31-01-2025: Press Release

Q3 FY25 saw Relaxo Footwears Limited report a revenue decline to Rs. 667 crores, down 6% year-over-year, attributed to decreased volumes in a challenging demand environment, despite improved average price realization. EBITDA decreased to Rs. 83 crores with a margin of 12.5%, reflecting a slight increase from 12.2% last year. The profit after tax for the quarter was Rs. 33 crores, down 14% compared to the previous year.

For the nine months of FY25, revenue totaled Rs. 2,094 crores, a 3% decline, alongside EBITDA of Rs. 270 crores, showing a 6% decrease. The profit after tax for this period was Rs. 114 crores.

Chairman Ramesh Kumar Dua emphasized the company's efforts in revamping its distribution system and enhancing its online presence through new initiatives. He remains optimistic that these strategies will stabilize operations and improve results in the coming quarters, despite facing short-term volume challenges. Investors should note the ongoing restructuring efforts and the potential for future growth as the market recovers.