Relaxo Footwears has reported a 3 percent decline in net profit for the March quarter to INR 61.39 crore, as against INR 63.3 crore in the year-ago period. According to a regulatory filing, the company’s revenue from operations declined to INR 747.21 crore from INR 764.94 crore in the corresponding quarter of the previous year.
In the full financial year 2023-24, its net profit surged to INR 200.47 crore, up from INR 154.47 crore in the preceding fiscal year.
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According to the regulatory filing, its total expenses decreased to INR 669.98 crore in the January-March period, down from INR 683.85 crore a year ago.
On Thursday, Relaxo Footwears’ stock closed at INR 843.45, marking a 0.19 percent decline compared to its previous close on the BSE.