Relaxo Footwears Limited has informed the Exchange regarding a press release dated July 30, 2025, titled "Press Release for Q1 FY26 Financial Results of the Company".
RELAXO · price
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Awaiting price reaction for this filing.
Relaxo Footwears reported Q1 FY26 revenue of Rs. 654 crores, down 12.5% year-on-year from Rs. 748 crores, mainly due to weak consumer demand in the mass and mid-market segments and intense regional competition. Despite the revenue dip, EBITDA held flat at Rs. 99 crores and EBITDA margin expanded by 198 basis points to 15.2%, driven by operational efficiencies and disciplined cost management. Profit after tax grew 10.2% YoY to Rs. 49 crores, with PAT margin improving to 7.5% from 5.9%. Sequentially, both revenue and profit were lower compared to Q4 FY25. Management said they avoided deep discounting to protect profitability and remain focused on long-term, sustainable growth.
Mixed results for shareholders: top-line weakness signals near-term demand challenges, but margin expansion and PAT growth show the company is protecting profitability. The stock may see volatility as investors weigh declining revenue against improving margins, with management's cautious outlook adding to uncertainty in the short term.