Relaxo Footwears Limited has informed the Exchange about the 41st Annual General Meeting of the Company
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Relaxo Footwears has filed its Annual Report for FY 2024-25 along with the notice for its 41st AGM, scheduled for August 28, 2025, at 10:30 AM via video conferencing. Revenue declined 4.27% to Rs 2,789.61 crore, EBITDA fell to Rs 382 crore, and net profit dropped 15% to Rs 170.33 crore, reflecting weak consumer demand and internal distribution restructuring. The Board has recommended a final dividend of Rs 3 per share (300%), unchanged from last year, with a record date of August 21, 2025. The company added 33 new stores, taking its Exclusive Brand Outlet count to 418, and onboarded 70,000+ retailers on its Relaxo Parivaar App. Sparx and Flite each crossed Rs 1,000 crore in brand revenue, while exports were recognized with a No. 1 Exporter Award.
Shareholders will vote on the Rs 3 per share dividend and re-appointment of two promoter directors at the AGM on August 28. The decline in revenue and profit signals near-term demand pressure, but the steady dividend payout and cost-efficiency initiatives should provide some support to the stock.