Profit before tax was at Rs 49.57 crore in the second quarter of FY25, down 17.90% as against Rs 60.38 crore in Q2 FY24. Total expenses fell 4.36% YoY to Rs 636.44 crore in September 2024 quarter. Cost of material consumed, including packing material was at Rs 282.84 crore (down 2.98% YoY) and employee benefits expenses stood at Rs 106.21 crore (up 10.92% YoY) during the quarter. EBITDA declined by 4.34% to Rs 88 crore in Q2 FY25 from Rs 92 crore recorded in Q2 FY24. The company maintained its EBITDA margin at 12.9% during the quarter as compared to 12.8% in Q2 FY24, despite subdued demand. On half year basis, the company's net profit declined 19.31% to Rs 81.10 crore on 1.82% fell in revenue from operations to Rs 1,427.56 crore in H1 FY25 over H1 FY24. Ramesh Kumar Dua, chairman and MD said, 'the company reported a decline in revenues during the quarter as the overall demand remained subdued. During the quarter, the industry witnessed an increase in lower priced unorganized competition, which led to downtrading by consumers in a high inflation environment. Margin pressure was also high from organized trade channels. The company took a call to not dilute pricing and margins to unsustainable levels due to which we were able to maintain our operating margins during the quarter. However, higher depreciation in the quarter has impacted the net profit of the company. The company has been sanctioned a grant of Rs 10.00 Crores, which is 50% of total expenses i.e., Rs. 20.00 Crores for Design Studio, under Indian Footwear and Leather Development Programme (IFLDP) that will boost our focus on best-in-class technological upgradation and advanced level of designs. The company is in the process of adding new distributors to our network, to ensure Relaxo's presence in each district of the country. To improve our reach and market penetration, we launched a retailer connect initiative through 'Relaxo Parivaar' mobile application. This has shown an encouraging response with reach of over 70,000 retail outlets and has been driving consistent month on month improvement in secondary sales. To drive premiumization, we have collaborated with global brands viz. 'Disney' and 'Marvel', launching a new collection featuring 'Disney' and 'Marvel' themes. Further, in line with our continued focus on cost efficiencies, we are working on optimizing our backend operations, which would enable the company to deliver a sustainable performance in future.' Powered by Capital Market - Live

Profit before tax was at Rs 49.57 crore in the second quarter of FY25, down 17.90% as against Rs 60.38 crore in Q2 FY24. Total expenses fell 4.36% YoY to Rs 636.44 crore in September 2024 quarter. Cost of material consumed, including packing material was at Rs 282.84 crore (down 2.98% YoY) and employee benefits expenses stood at Rs 106.21 crore (up 10.92% YoY) during the quarter. EBITDA declined by 4.34% to Rs 88 crore in Q2 FY25 from Rs 92 crore recorded in Q2 FY24. The company maintained its EBITDA margin at 12.9% during the quarter as compared to 12.8% in Q2 FY24, despite subdued demand. On half year basis, the company's net profit declined 19.31% to Rs 81.10 crore on 1.82% fell in revenue from operations to Rs 1,427.56 crore in H1 FY25 over H1 FY24. Ramesh Kumar Dua, chairman and MD said, 'the company reported a decline in revenues during the quarter as the overall demand remained subdued. During the quarter, the industry witnessed an increase in lower priced unorganized competition, which led to downtrading by consumers in a high inflation environment. Margin pressure was also high from organized trade channels. The company took a call to not dilute pricing and margins to unsustainable levels due to which we were able to maintain our operating margins during the quarter. However, higher depreciation in the quarter has impacted the net profit of the company. The company has been sanctioned a grant of Rs 10.00 Crores, which is 50% of total expenses i.e., Rs. 20.00 Crores for Design Studio, under Indian Footwear and Leather Development Programme (IFLDP) that will boost our focus on best-in-class technological upgradation and advanced level of designs. The company is in the process of adding new distributors to our network, to ensure Relaxo's presence in each district of the country. To improve our reach and market penetration, we launched a retailer connect initiative through 'Relaxo Parivaar' mobile application. This has shown an encouraging response with reach of over 70,000 retail outlets and has been driving consistent month on month improvement in secondary sales. To drive premiumization, we have collaborated with global brands viz. 'Disney' and 'Marvel', launching a new collection featuring 'Disney' and 'Marvel' themes. Further, in line with our continued focus on cost efficiencies, we are working on optimizing our backend operations, which would enable the company to deliver a sustainable performance in future.' Shares of Relaxo Footwears fell 1.22% to Rs 769.35 on Friday, 8 November 2024.Powered by Capital Market - Live

Net profit of Relaxo Footwears declined 16.88% to Rs 36.73 crore in the quarter ended September 2024 as against Rs 44.19 crore during the previous quarter ended September 2023. Sales declined 5.03% to Rs 679.37 crore in the quarter ended September 2024 as against Rs 715.32 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales679.37715.32 -5 OPM %12.9012.79 - PBDT89.3297.32 -8 PBT49.5760.38 -18 NP36.7344.19 -17 Powered by Capital Market - Live

Relaxo Footwears will hold a meeting of the Board of Directors of the Company on 8 November 2024.Powered by Capital Market - Live

Relaxo Footwears announced that the 40th Annual General Meeting (AGM) of the company will be held on 29 August 2024.Powered by Capital Market - Live

Revenue from operations rose by 1% year-over-year (YoY) to Rs 748 crore during the period under review. EBITDA declined by 8% to Rs 99 crore in Q1 FY25 from Rs 108 crore recorded in Q1 FY24. EBITDA margin was in June'24 quarter was 13.2% as against 14.6% in June'23 quarter. Ramesh Kumar Dua, chairman and managing director, said: The company reported nominal revenue increase during the quarter, largely due to weak consumer sentiments driven by election related disruptions and severe heat conditions in many parts of India. We operate in a labour intensive industry which was impacted by an abnormal increase in minimum wages as mandated by the government. We decided not to pass on the higher costs to consumers in the current subdued market conditions, which has impacted profitability in this quarter. Capex incurred to manufacture higher volumes in the future have also led to higher depreciation expenses in this quarter. We have undertaken major sales transformation initiatives to enhance our connect with distributors, retailers and consumers, and with a favourable monsoon expected, we are optimistic about sales growth in the coming quarters. The company is undertaking cost optimization initiatives which will help to improve overall performance of the company during this year. Relaxo Footwears is engaged in production of Hawaii slippers, light weight slippers, canvas shoes, PVC footwear etc. Powered by Capital Market - Live