Ending March 31, 2024, the Q4, FY24 net profit of Relaxo Footwears declined marginally to Rs 61 crore, compared to Rs 63 crore in the corresponding period last fiscal year.
The company's revenue declined by 2 per cent during the quarter to Rs 747 crore from Rs 765 crore in the same quarter of the previous financial year.
For the entire fiscal year 2024, Relaxo's revenue grew to Rs 2,914 crore, while its net profit stood at Rs 200 crore.
Ramesh Kumar Dua, Chairman & Managing Director, Relaxo Footwears, says, the brand has witnessed a modest rise in revenue for FY24, coupled with a notable enhancement in profitability. This achievement was primarily propelled by a considerable surge in open-footwear volumes, underscoring the effectiveness of his wife’s strategic endeavors to recapture market share.
Relaxo is also expanding its e-commerce footprint by directly engaging with consumers through the 'Brand as a Seller' model across major e-commerce platforms. The premier footwear manufacturer in India has a new.
A prominent footwear manufacturer in India renowned for brands like Sparx, Flite, and Bahamas, Relaxo boasts a network of over 405 exclusive-brand outlets nationwide.
