Relaxo Footwears Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 09, 2024 at 07:38 am EDT
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Relaxo Footwears Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 7,472.1 million compared to INR 7,649.4 million a year ago. Revenue was INR 7,522.7 million compared to INR 7,692.6 million a year ago. Net income was INR 613.9 million compared to INR 633 million a year ago. Basic earnings per share from continuing operations was INR 2.46 compared to INR 2.55 a year ago. Diluted earnings per share from continuing operations was INR 2.46 compared to INR 2.55 a year ago.
For the full year, sales was INR 29,140.6 million compared to INR 27,827.7 million a year ago. Revenue was INR 29,429.2 million compared to INR 28,013.4 million a year ago. Net income was INR 2,004.7 million compared to INR 1,544.7 million a year ago. Basic earnings per share from continuing operations was INR 8.05 compared to INR 6.21 a year ago. Diluted earnings per share from continuing operations was INR 8.05 compared to INR 6.21 a year ago.
Relaxo Footwears Limited is an India-based footwear manufacturing company. The Company operates in three major categories, such as Relaxo & Bahamas (rubber slippers), Flite (EVA and PU Slippers) and Sparx (sports and canvas shoes, sandals and sporty slippers). Its brands include Relaxo, Flite, Sparx, Bahamas, Boston, Mary Jane, and Kid's Fun. Relaxo is a brand synonymous with rubber slippers, which is a footwear for all segments of society and Flite is a range of semi- formal slippers. Sparx offers sports shoes, sandals and slippers. Bahamas offers flip flops. Boston is a formal footwear for men. MaryJane offers a range of footwear for the modern women. Kid's Fun offers footwear for kids. It offers shoes, such as formals, casuals, running, athleisure, walking and training and gym. Its sandals and slippers include Sandals & Clogs, Flip Flops & Slides and Chappals & Slippers. It also operates more than 350 network of own retail outlets, with availability on all e-commerce portals.