Relaxo Footwears declines on reporting 14% fall in Q3 net profit
Relaxo Footwears is currently trading at Rs. 554.00, down by 2.35 points or 0.42% from its previous closing of Rs. 556.35 on the BSE.
The scrip opened at Rs. 556.75 and has touched a high and low of Rs. 579.95 and Rs. 544.20 respectively. So far 23303 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 949.85 on 15-Mar-2024 and a 52 week low of Rs. 525.00 on 28-Jan-2025.
Last one week high and low of the scrip stood at Rs. 598.55 and Rs. 525.00 respectively. The current market cap of the company is Rs. 13845.96 crore.
The promoters holding in the company stood at 71.27%, while Institutions and Non-Institutions held 13.81% and 14.92% respectively.
Relaxo Footwears has reported 14.42% fall in net profit at Rs 33.01 crore for third quarter ended December 31, 2024 (Q3FY25) as compared to Rs 38.57 crore for the same quarter in the previous year. Total income of the company decreased by 6.26% at Rs 673.70 crore for Q3FY25 as compared to Rs 718.70 crore for the corresponding quarter previous year.
Relaxo Footwears is one of the leading and most popular footwear companies in India. The company is largest footwear manufacturing company in India, which deals in non-leather products i.e. rubber / EVA / PU slippers, canvas/ sport / school shoes, sandals, etc. It has a portfolio of brands including major brands like Relaxo, Flite, Sparx and Bahamas.
