'For quarter ending June 2024, standalone Net sales (including other operating income) of Relaxo Footwears has increased 1.27% to Rs 748.19 crore compared to quarter ended June 2023. Operating profit margin has declined from 14.56% to 13.22%, leading to 8.04% decline in operating profit to Rs 98.90 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 40.95% to 39.00%. Purchase of finished goods cost fell from 2.82% to 2.75%. Employee cost increased from 12.92% to 13.77%. Other expenses rose from 29.03% to 32.05%.
Other income fell 25.31% to Rs 5.43 crore. PBIDT fell 9.14% to Rs 104.33 crore. Provision for interest up 9.64% to Rs 4.89 crore.
PBDT fell 9.89% to Rs 99.44 crore. Provision for depreciation rose 13.07% to Rs 39.11 crore.
Profit before tax down 20.38% to Rs 60.33 crore. Provision for tax w...
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