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10-May-2024

Relaxo Footwears

PAT down 3.02%


''For the quarter ending March 2024, standalone Net sales (including other operating income) of Relaxo Footwears has declined 2.32% to Rs 747.21 crore compared to quarter ended March 2023.  Operating profit margin has jumped from 15.42% to 16.11%, leading to 2.01% rise in operating profit to Rs 120.35 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 40.74% to 38.06%.   Purchase of finished goods cost rose from 2.61% to 3.52%.   Employee cost increased from 12.12% to 12.96%.   Other expenses rose from 27.78% to 29.85%.   

Other income up 17.13% to Rs 5.06 crore.  PBIDT rose 2.54% to Rs 125.41 crore.  Provision for interest up 12.83% to Rs 4.66 crore.  Loan funds rose to Rs 204.97 crore as of 31 March 2024 from Rs 164.08 crore as of 31 March 2023.  Inventories rose to Rs 598.80 crore as of 31 March 2024 from Rs 563.78 crore as of 31 M...



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