Lehar Footwears Ltd Q4 FY26 Results

Summary

Lehar Footwears Limited reported a breakout performance for FY26, with total income surging by 55.4% year-on-year to reach its highest ever annual revenue of ₹431.3 crore. Net Profit nearly doubled, growing by 91.8% to ₹20.8 crore, accompanied by a 91.4 bps expansion in PAT margin to 4.8%. The company also showcased robust financial management, improving Return on Capital Employed to 18% and significantly de-leveraging by reducing long-term debt to near-negligible levels. Growth was primarily driven by strong traction in the footwear segment, particularly premium and athleisure categories, alongside the successful emergence of the toolkit business as a meaningful second engine. Lehar anticipates further growth, supported by capacity expansion with a new athleisure facility and increased opportunities from government schemes like PM Vishwakarma.

Key Highlights

1. 1

   Lehar Footwears achieved its highest ever annual revenue in FY26, with total income surging by 55.4% year-on-year to ₹431.3 crore.

2. 2

   Net Profit for FY26 almost doubled, soaring by 91.8% to ₹20.8 crore, with the PAT Margin expanding by approximately 91.4 bps to 4.8%.

3. 3

   The company demonstrated significant financial health improvements in FY26, with Return on Capital Employed (RoCE) rising meaningfully to 18% from 12% in FY25, and long-term debt reduced to near-negligible levels.

4. 4

   The Footwear segment in Q4 FY26 delivered a strong 27% year-on-year growth, driven by strong traction in premium and athleisure categories and expanded distribution channels.

5. 5

   The Toolkit business emerged as a significant second growth engine in FY26, contributing ₹249.5 crore to segment revenue and cumulatively delivering approximately 200,000 toolkits under the PM Vishwakarma Scheme.

6. 6

   Lehar is expanding its manufacturing capacity with a new Kundli athleisure facility, projecting a 5x phased capacity expansion, which is expected to commence commercial operations from Q2 FY27.

7. 7

   The Union Budget for FY26–27 has proposed an allocation of ₹3,861 crore to the PM Vishwakarma Scheme, substantially scaling up the addressable opportunity for empanelled vendors like Lehar.