Relaxo Footwears Ltd Q2 net profit down 17 percent to Rs 37 crore

Relaxo Footwears Ltd reported a 17 percent decline in net profit to Rs 37 crore ($4.4 million) for the second quarter ended September 30, as against Rs 44 crore in the year-ago quarter.

The company’s revenue for the quarter was down by 5 percent to Rs 679 crore, as against Rs 715 crore in the corresponding quarter of the previous fiscal year.

For the first half of the financial year 2025, Relaxo’s revenue stood at Rs 1,428 crore while its net profit was Rs 81 crore.

Commenting on the results, Ramesh Kumar Dua, chairman managing director in a statement said, “The company reported a decline in revenues during the quarter as the overall demand remained subdued. During the quarter, the industry witnessed an increase in lower priced unorganized competition, which led to downtrading by consumers in a high inflation environment.”

“The company is in the process of adding new distributors to our network, to ensure Relaxo’s presence in each district of the country. Further, in line with our continued focus on cost efficiencies, we are working on optimizing our backend operations, which would enable the company to deliver a sustainable performance in future,” he added.

Relaxo is one of the leading footwear makers in India with brands like Sparx, Flite, and Bahamas. It has over 405 exclusive-brand outlets across the country.