Relaxo Footwears Ltd - 4QFY21 Result Update by Mr. Amarjeet Maurya, Angel Broking
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Below are Views On Relaxo Footwears Ltd - 4QFY21 Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
During the 4QFY21, Relaxo Footwears Ltd (RFL) Ltd reported revenue of ~Rs748cr (up ~38% YoY) on back of healthy volume growth and increase in realisation. On the EBITDA front, the company has reported an EBITDA margin at 21.8%, which is up by 399bps yoy due to lower operating costs. On the bottom-line front, PAT grew by ~102% to Rs102cr due to strong revenue growth and operating performance. Overall 4Q results were above expectation. Hence, we are positive on stock.
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