Investor Presentation for the Quarter and Year ended 31st March, 2026
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Lehar Footwears reported strong FY26 results with revenue of ₹431.1 Cr, up 56% YoY, EBITDA of ₹38.9 Cr (9.0% margin), and PAT of ₹20.8 Cr (4.8% margin) growing 92% YoY. The company has achieved 29% revenue CAGR and 66% PAT CAGR over FY20-26. Key growth drivers include expansion to 1300+ SKUs, new in-house brand 'RANNR' for athleisure, OEM partnerships with brands like Spykar and Lee Cooper, and a 5x capacity expansion at the Kundli sports shoe facility expected to start operations in Q2FY27. The toolkit business under PM Vishwakarma Scheme is described as a cash engine. Long-term debt has been reduced from ₹15 Cr peak in FY23 to near-negligible levels, and RoCE improved to 18%.
The company demonstrates strong execution with robust profitability growth and improving capital efficiency. The expansion into athleisure and scaling toolkit business positions it for continued growth, though the 9% EBITDA margin suggests room for further operating leverage improvement as the Kundli facility ramps up.