Relaxo Footwears has reported a 17 percent decrease in net profit for the second quarter, reaching Rs 37 crore ($4.4 million) compared to Rs 44 crore during the same period last year. The company’s revenue also decreased by 5 percent to Rs 679 crore in Q2, down from Rs 715 crore in the corresponding quarter of the previous fiscal year.
For the first half of the financial year 2025, Relaxo recorded a revenue of Rs 1,428 crore and a net profit of Rs 81 crore.
Relaxo Footwears Ltd.’s chairman managing director, Ramesh Kumar Dua, addressed the financial results in a statement, attributing the decline to subdued demand.
“The company reported a decline in revenues during the quarter as the overall demand remained subdued. During the quarter, the industry witnessed an increase in lower priced unorganized competition, which led to downtrading by consumers in a high inflation environment.”
Dua outlined the company’s strategies for expansion and efficiency, aiming to enhance its market presence and optimize operations.
“The company is in the process of adding new distributors to our network, to ensure Relaxo’s presence in each district of the country. Further, in line with our continued focus on cost efficiencies, we are working on optimizing our backend operations, which would enable the company to deliver a sustainable performance in future,”
Relaxo, a prominent footwear manufacturer in India, is known for its brands like Sparx, Flite, and Bahamas, operating over 405 exclusive-brand outlets nationwide.
