Lehar Footwears Ltd Q3 FY26 Results

Summary

Lehar Footwears Limited announced its Q3FY26 results with a 15% YoY decline in revenue, primarily due to lower execution in the Toolkit segment. The Footwear segment, however, showed an 18% YoY growth. EBITDA margins improved due to a favourable product mix, and finance costs declined due to debt reduction and strong operating cash flows.

Key Highlights

1. 1

   Revenue declined by 15% YoY in Q3FY26, primarily due to lower execution in the Toolkit segment

2. 2

   Footwear segment delivered 18% YoY growth, driven by new product launches in premium segment and scaling up of the newly commissioned athleisure facility at Kundli

3. 3

   Toolkit segment declined by 55% YoY, due to phasing of order delivery to subsequent quarter

4. 4

   EBITDA margins improved, supported by a favourable product mix

5. 5

   Finance costs declined, aided by sustained debt reduction and strong operating cash flows

6. 6

   Credit rating was upgraded to Crisil BBB/Stable/Crisil A3+

7. 7

   Footwear Business Highlights: The Open Footwear segment witnessed improvement during the quarter, supported by new product launches and refreshed designs aligned with current consumer preferences

8. 8

   Revenues from toolkit segment was impacted by phasing of deliveries to subsequent quarter

9. 9

   Company has satisfactorily delivered 2,00,000 toolkits until now. As on December 31, 2025, company had an order book of ~Rs 60 crore comprising ~40,000 toolkits expected to be delivered in Q4FY26

10. 10

    Following the impactful execution of the initial phase of the PM Vishwakarma Scheme and positive on-ground response, the Government of India is preparing the next phase of the scheme with a larger outlay, expanded trades, and increased beneficiary coverage

11. 11

    Improved demand for organised players expected, supported by formalisation of trade with reduction in GST