| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 666.90 | 1.8% |
| Total Income | 673.70 | 1.8% |
| Expenditure | 629.09 | 1.1% |
| PBT | 44.61 | 10.0% |
| Net Profit | 33.01 | 10.1% |
| OPM | -1.17% | 0.91pp |
| NPM | 4.90% | 0.45pp |
| EPS | 1.32 | 10.8% |
Relaxo Footwears Limited Reports Q3 FY25 Revenue of Rs. 667 Crores, EBITDA of Rs. 83 Crores, and Profit After Tax of Rs. 33 Crores
31 Jan 2025 · 31 Jan 2025, 11:02 pm
Summary
Relaxo Footwears Limited, India's largest footwear manufacturing company, has reported its unaudited financial results for the quarter and nine months ended on December 31, 2024. The company's Q3 FY25 revenue stood at Rs. 667 crores, a decrease from Rs. 713 crores in Q3 FY24. The EBITDA for Q3 FY25 was at Rs. 83 crores with a margin of 12.5%, compared to 12.2% in Q3 FY24. The profit after tax for Q3 FY25 was Rs. 33 crores. For the nine months ended on December 31, 2024, the revenue was Rs. 2,094 crores, EBITDA was Rs. 270 crores with a margin of 12.9%, and the profit after tax was Rs. 114 crores with a margin of 5.4%.
Key Highlights
- 1
Q3 FY25 Revenue at Rs. 667 crores
- 2
Q3 FY25 EBITDA stood at Rs. 83 crores; Margin at 12.5%
- 3
Q3 FY25 Profit After Tax stood at Rs. 33 crores; Margin at 4.9%
- 4
9M FY25 Revenue at Rs. 2,094 crores
- 5
9M FY25 EBITDA at Rs. 270 crores; Margin at 12.9%
- 6
9M FY25 Profit After Tax at Rs. 114 Crores; Margin at 5.4%
Management Comments
Mr. Ramesh Kumar Dua
Chairman and Managing Director
Given the overall weak consumer demand, particularly in the mass and value segments, the Company’s continued focus has been to revamp the distribution system. The introduction of the “Relaxo Parivaar” app has not only helped us to increasingly streamline our network of distributors and retailers but is also setting the stage for the future expansion of this network. We believe this effort, while exhibiting short term pain over the last few quarters in terms of decline in volumes, is slowly getting accepted by all business partners. We expect our distribution system to stabilise over the next 2-3 quarters and are hopeful that the results will begin to show post that. Furthermore, we continue to improve our online presence through the “Brand as a Seller” model and are regularly launching exclusive offerings which shall contribute to the growth of this important channel. On the cost front, our focus remains on cost optimization efforts targeting operational efficiencies and involves the Company’s manufacturing facilities as well as the vendors. We are confident that the curated investments that we have undertaken in this depressed market scenario will set the stage for growth and profitability in the medium to longer term.
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