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09-Nov-2024

Relaxo Footwears

PAT down 16.88%


'On standalone basis

Quarter ended September 2024 compared with Quarter ended September 2023.

Net sales (including other operating income) of Relaxo Footwears has declined 5.03% to Rs 679.37 crore.  Operating profit margin has jumped from 12.79% to 12.90%, leading to 4.22% decline in operating profit to Rs 87.66 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 40.49% to 38.90%.   Purchase of finished goods cost rose from 2.01% to 4.08%.   Employee cost increased from 13.30% to 14.61%.   Other expenses fell from 31.49% to 30.35%.   

Other income fell 37% to Rs 6.64 crore.  PBIDT fell 7.60% to Rs 94.3 crore.  Provision for interest up 5.06% to Rs 4.98 crore.  Loan funds declined from Rs 224.95 crore as of 30 September 2023 to Rs 211.85 crore as of 30 September 2024.  Inventories rose to Rs 669.51 crore as of 30 Septe...



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