Lehar Footwears Q3 net profit rises 112 percent to Rs 2 crore

Footwear maker Lehar Footwears Ltd reported a 112 percent jump in net profit to Rs 2 crore ($2,31,060) for the third quarter ended December 2024, as against Rs 1 crore in the year-ago quarter.

The company’s revenue for the quarter rose by 87 percent to Rs 67 crore, as against Rs 36 crore in the corresponding quarter of the previous fiscal year.

“Domestic business remained flat due to a subdued consumption environment. Export business witnessed minor degrowth, primarily driven by weaker global demand. Anticipating a revival in government supply business as the government machinery stabilizes post-2024 elections,” Lehar said in a statement.

“Launched single-mold EVA footwear during the quarter, targeting the younger demographic with the latest designs and trends,” it added.

Lehar Footwears Ltd retails its products through trade distribution channel, retail multi brand outlets, export markets, government schemes and e-commerce marketplaces.