Liberty Shoes Limited — Updates, 18-04-2025: Press Release

The Board of Directors of Liberty Shoes has approved several key resolutions, including the reconstitution of the Nomination and Remuneration committee following the recent demise of a committee member, and the payment of annual incentives to the Executive Directors, subject to shareholder approval. A postal ballot will be conducted to seek this approval.

Revenue updates for the financial year and quarter ending March 31, 2025, show strong growth across all sales segments, supported by product innovations and expanded retail presence. The company achieved significant improvements in margins and overall financial performance, with emphasis on operational efficiency. Executive Director Anupam Bansal underscored the importance of consumer-focused innovations and disciplined cost management that enabled robust EBITDA growth.

Key strategic highlights include a successful launch of performance footwear, expansion into Tier 2 and Tier 3 markets with 50 new exclusive brand outlets, and increased contributions from digital sales channels. Liberty Shoes expresses optimism about future growth prospects driven by ongoing product innovation and brand strengthening efforts.