Footwear: No bargains here!
Footwear, like most F&L categories, is fragmenting, with top businesses within the ecosystem losing revenue/EBITDA share.
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Relaxo Footwear - Subdued Revenue; Operating Margins Strengthened
Relaxo reported a sharp 13% YoY revenue decline, driven by a 14% drop in volumes amid muted consumer sentiment in the mass and mid-market segments.
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Relaxo Footwears Ltd - Demand Environment Remains Subdued; Maintain HOLD
Relaxo’s revenue declined 7% YoY to Rs 695 Cr, falling short of expectations due to a 10% YoY drop in volumes (9% YoY decline in FY25).
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Relaxo Footwears Ltd - Weak Demand & Heightened Competition Dent Performance
The company reported disappointing results as demand remained subdued. Relaxo’s revenue de-grew by 5% YoY to Rs 679 Cr, missing our estimates of 5.3%.
288 Views
Relaxo Footwears Ltd. - Looking for Sustained Signs of Recovery
Gross margins improved by 460 bps YoY to 62% due to a 10% YoY reduction in input costs. PAT fell by 21% YoY to Rs 44 Cr in Q1FY25, impacted by...
245 Views