India · Delayed Price · Currency is INR Relaxo Footwears Earnings Call Transcripts
Fiscal Year 2026
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Q4 FY26 saw 8.1% revenue growth and 20.4% PAT growth year-over-year, driven by volume recovery and price hikes offsetting cost inflation. FY27 outlook is cautiously optimistic, with a focus on premiumization, EBO expansion, and margin improvement.
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Revenue and profit margins declined year-over-year due to demand softness and GST-related disruptions, but operational efficiencies supported margin expansion. GST reduction is expected to drive recovery and competitiveness, with growth anticipated from Q4 FY2026 and into next year.
Fiscal Year 2025
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Revenue and profit declined year-over-year due to weak demand in the mass segment and distribution restructuring. Operational efficiencies, premium product launches, and digital initiatives are expected to drive margin and value growth in FY26.
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Revenue and profit declined year-over-year due to weak demand and increased competition from unorganized players. Margins remained stable, supported by premiumization and cost controls, while inventory levels rose. Management expects demand to improve in Q3, with Sparx brand targeted for growth.