Relaxo Footwears Latest updates

Dipped Financial Performance (FY25): Relaxo Footwears experienced a decline in both revenue (₹2,790 crore) and profit (₹170 crore) for the full fiscal year 2025, compared to FY24. This downturn, particularly evident in Q4 FY25, was largely attributed to reduced sales volumes, especially within the mid-range footwear segment, and a challenging market demand. Strategic Consolidation and Future Growth Plans: Ramesh Kumar Dua, CMD, stated that FY25 was a period of consolidation, marked by strategic interventions. These include optimizing the distribution network via the "Relaxo Parivaar" app, adopting a "Brand As Seller" model for e-commerce, establishing a tech-enabled shoe warehouse, and enhancing the supply chain. The company anticipates these efforts will yield profitable growth and improved EBITDA from the second half of FY26. Cancelled Dividend and Upcoming AGM: While a final dividend of ₹3 per share for FY25 was initially recommended on May 9, 2025, it was subsequently cancelled. The company's 41st Annual General Meeting (AGM) is scheduled for August 28, 2025. New Products and Market Expansion: Relaxo continues to diversify its product portfolio with new launches across brands like Flite and Sparx, targeting both men and women. The company is actively pursuing market share gains by expanding into new territories, evidenced by its geo-tagging of approximately 100,000 outlets. Volatile Stock Performance: Relaxo Footwears' stock has seen significant volatility, showing a year-to-date decline exceeding 25% and a 44% drop over the past year, despite some recent short-term gains.