31 January 2022, Mumbai:
Relaxo Footwear has reported the results for Q3 FY'22, the third quarter which ended in December 2021.
The numbers reported are:
Net profit = Rs 744 crore against Rs 672 crore during the same period last year (11% rise).
Production capacity = 10 lakhs pairs per day against 10 lakhs per day earlier.
Ramesh Kumar Dua, Managing Director, says, the company continues to remain consumer-centric with best quality products, diverse portfolio, product innovation, strong market reach and continue to adopt strategic initiatives to capture expanding market opportunities in unexplored geographies to drive growth across all segments of our business.
It has taken calibrated price hike against unprecedented inflationary trend in raw material prices and current trend of raw material prices are easing out from its peak, which will give advantage in next year.
The impact of GST rates will settle by the end of Q4, however, it will start giving advantage in unblocking of funds in inverted duty, he adds
Relaxo is one of the leading footwear makers in India and sells under brands Sparx, Flite, and Bahamas.
It currently has over 300 exclusive-brand outlets across the country.
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