Footwear manufacturer,Relaxo Footwears Ltd, reported a 19.6% year-on-year decline in net profit to Rs. 26.54 crore (US $ 2.94 million) for the December quarter of FY ’26, according to a regulatory filing.
The company had posted a net profit of Rs. 33.01 crore (US $ 3.65 million) in the corresponding quarter of the previous financial year. Revenue from operations, however, remained largely stable at Rs. 668.03 crore (US $ 74.03 million) during the quarter under review, compared with Rs. 666.9 crore (US $ 73.91 million) a year earlier.
Total expenses rose by 2.22% year-on-year to Rs. 643.07 crore (US $ 71.26 million) in the third quarter of FY ’26. Relaxo’s total income, which includes other income, stood at Rs. 678.99 crore (US $ 75.25 million), marking a marginal increase over the same period last year.
Commenting on the performance, Managing Director Ramesh Kumar Dua said the company had reported stable revenue during the quarter after a sequential decline over the past few quarters. He attributed this improvement to sustained efforts towards sales transformation.
He added that organised retail, including exclusive brand outlets, e-commerce channels and large-format retail stores, delivered a strong performance during the quarter, while the general trade segment also showed positive momentum.
Looking ahead, Dua said the company would continue to pursue a balanced strategy focused on topline growth while safeguarding margins.
