Relaxo Footwears‘ profit dropped 17% in the second quarter. The company made INR 37 crore ($4.4 million), down from INR 44 crore during the same quarter last year.
Relaxo reports 5% revenue loss to INR 679 Cr
According to ET Retail, the company’s revenue fell by 5% to INR 679 crore in Q2, compared to INR 715 crore in the same quarter last year. For the first half of the financial year 2025, Relaxo had a revenue of INR 1,428 crore and a net profit of INR 81 crore.
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Meanwhile, Relaxo Footwears Ltd.’s Chairman Managing Director, Ramesh Kumar Dua, commented on the financial results, blaming the decline on low 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 unorganised competition, which led to downtrading by consumers in a high inflation environment,” he said.
Relaxo runs 405 exclusive-brand stores across India
Dua detailed the company’s plans for growth and efficiency, aiming to boost market presence and streamline operations. He added, “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 optimising our backend operations, which would enable the company to deliver a sustainable performance in future.”
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Notably, Relaxo, a leading footwear maker in India, is famous for its brands like Sparx, Flite, and Bahamas, with over 405 exclusive-brand stores across the country.
