Reported Earnings • May 29
Full year 2026 earnings released: EPS: ₹7.20 (vs ₹6.84 in FY 2025) Full year 2026 results: EPS: ₹7.20 (up from ₹6.84 in FY 2025). Revenue: ₹27.5b (down 1.5% from FY 2025). Net income: ₹1.79b (up 5.2% from FY 2025). Profit margin: 6.5% (up from 6.1% in FY 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Announcement • May 28
Relaxo Footwears Limited Recommends Final Dividend for the Financial Year Ended March 31, 2026 Relaxo Footwears Limited at its board of directors meeting held on May 28, 2026, recommended final dividend of INR 3.50 per equity share (i.e.350%) of face value of INR 1/- (Rupee One only) each for the financial year ended on March 31, 2026, for the approval of members at the forthcoming Annual General Meeting (`AGM') of the Company. Further, in line with Regulation 42 of SEBI Listing Regulations, the Record Date has been fixed as September 18, 2026 for the purpose of determining entitlement of the Members for payment of Dividend. Announcement • May 19
Relaxo Footwears Limited to Report Q4, 2026 Results on May 28, 2026 Relaxo Footwears Limited announced that they will report Q4, 2026 results on May 28, 2026 Price Target Changed • Feb 21
Price target decreased by 11% to ₹402 Down from ₹453, the current price target is an average from 10 analysts. New target price is 12% above last closing price of ₹358. Stock is down 19% over the past year. The company is forecast to post earnings per share of ₹6.71 for next year compared to ₹6.84 last year. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: ₹1.06 (vs ₹1.32 in 3Q 2025) Third quarter 2026 results: EPS: ₹1.06 (down from ₹1.32 in 3Q 2025). Revenue: ₹6.68b (flat on 3Q 2025). Net income: ₹265.4m (down 20% from 3Q 2025). Profit margin: 4.0% (down from 4.9% in 3Q 2025). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Jan 19
Relaxo Footwears Limited to Report Q3, 2026 Results on Jan 30, 2026 Relaxo Footwears Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Jan 30, 2026 Announcement • Nov 03
Relaxo Footwears Limited to Report Q2, 2026 Results on Nov 13, 2025 Relaxo Footwears Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Announcement • Aug 29
Relaxo Footwears Limited Approves Final Dividend for the Financial Year 2024-2025 At the Annual General Meeting of Relaxo Footwears Limited held on August 28, 2025, the company passed the resolution to declare final dividend @300% equivalent to INR 3.00/- per equity share having Face Value of INR 1/- each for the Financial Year 2024-25. Upcoming Dividend • Aug 14
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 21 August 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.6%). Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: ₹1.96 (vs ₹1.78 in 1Q 2025) First quarter 2026 results: EPS: ₹1.96 (up from ₹1.78 in 1Q 2025). Revenue: ₹6.66b (down 11% from 1Q 2025). Net income: ₹489.0m (up 10% from 1Q 2025). Profit margin: 7.3% (up from 5.9% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Announcement • Jul 21
Relaxo Footwears Limited to Report Q1, 2026 Results on Jul 30, 2025 Relaxo Footwears Limited announced that they will report Q1, 2026 results on Jul 30, 2025 Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹506, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 30x in the Luxury industry in India. Total loss to shareholders of 49% over the past three years. Price Target Changed • Jun 05
Price target decreased by 8.2% to ₹460 Down from ₹502, the current price target is an average from 12 analysts. New target price is 5.7% above last closing price of ₹435. Stock is down 47% over the past year. The company is forecast to post earnings per share of ₹8.32 for next year compared to ₹6.84 last year. Price Target Changed • May 13
Price target decreased by 7.3% to ₹526 Down from ₹568, the current price target is an average from 13 analysts. New target price is 25% above last closing price of ₹422. Stock is down 49% over the past year. The company is forecast to post earnings per share of ₹8.18 for next year compared to ₹6.84 last year. Announcement • May 12
Relaxo Footwears Limited, Annual General Meeting, Aug 28, 2025 Relaxo Footwears Limited, Annual General Meeting, Aug 28, 2025, at 10:30 Indian Standard Time. Declared Dividend • May 12
Dividend of ₹3.00 announced Shareholders will receive a dividend of ₹3.00. Ex-date: 21st August 2025 Payment date: 26th September 2025 Dividend yield will be 0.7%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 37% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 51% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 11
Full year 2025 earnings released: EPS: ₹6.84 (vs ₹8.05 in FY 2024) Full year 2025 results: EPS: ₹6.84 (down from ₹8.05 in FY 2024). Revenue: ₹28.2b (down 3.4% from FY 2024). Net income: ₹1.70b (down 15% from FY 2024). Profit margin: 6.0% (down from 6.9% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Announcement • May 01
Relaxo Footwears Limited to Report Q4, 2025 Results on May 09, 2025 Relaxo Footwears Limited announced that they will report Q4, 2025 results on May 09, 2025 Announcement • Apr 01
Relaxo Footwears Limited Announces Superannuation of H.R. Sapra as Senior Vice President, Central Purchase, Effective April 1, 2025 Relaxo Footwears Limited informed that Mr. H.R. Sapra, Senior Vice President, Central Purchase shall superannuate from the Company on closure of business hours of April 1, 2025, being part of Senior Management Personnel of the
Company. Price Target Changed • Feb 02
Price target decreased by 7.3% to ₹662 Down from ₹714, the current price target is an average from 15 analysts. New target price is 19% above last closing price of ₹556. Stock is down 34% over the past year. The company is forecast to post earnings per share of ₹6.81 for next year compared to ₹8.05 last year. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: ₹1.32 (vs ₹1.55 in 3Q 2024) Third quarter 2025 results: EPS: ₹1.32 (down from ₹1.55 in 3Q 2024). Revenue: ₹6.74b (down 5.5% from 3Q 2024). Net income: ₹330.1m (down 14% from 3Q 2024). Profit margin: 4.9% (down from 5.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Announcement • Jan 22
Relaxo Footwears Limited to Report Q3, 2025 Results on Jan 31, 2025 Relaxo Footwears Limited announced that they will report Q3, 2025 results on Jan 31, 2025 Announcement • Nov 21
Relaxo Footwears Joins Vishal Pathania as Head of Digital Marketing Relaxo Footwears announced the appointment of Vishal Pathania as head of digital marketing. In his new role, Pathania will lead the company’s digital marketing efforts, focusing on creating seamless digital experiences that resonate with today’s consumers . He brings extensive experience in D2C, e-commerce, and performance marketing. Before joining Relaxo, he played key roles at Hindware Home Innovation and Timex Group India, driving impactful growth and strengthening brand presence . He has delivered many successful influencer marketing programs which improved brand awareness and also drove the purchase decision effectively. Outside of work, he is a football enthusiast and an avid explorer with a keen interest in innovation and technology. Price Target Changed • Nov 16
Price target decreased by 8.4% to ₹720 Down from ₹785, the current price target is an average from 15 analysts. New target price is 6.1% above last closing price of ₹678. Stock is down 25% over the past year. The company is forecast to post earnings per share of ₹8.27 for next year compared to ₹8.05 last year. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: ₹1.48 (vs ₹1.78 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.48 (down from ₹1.78 in 2Q 2024). Revenue: ₹6.86b (down 4.1% from 2Q 2024). Net income: ₹367.3m (down 17% from 2Q 2024). Profit margin: 5.4% (down from 6.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 18% per year. Announcement • Oct 25
Relaxo Footwears Limited to Report Q2, 2025 Results on Nov 08, 2024 Relaxo Footwears Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Announcement • Sep 20
Relaxo Footwears Limited Announces Cessation of Deepa Verma as Director Relaxo Footwears Limited announced that Ms. Deepa Verma has completed her second and final term as a Non-Executive Independent Director of the Company and accordingly have ceased to be the Director of the Company with effect from the closure of business hours on September 17, 2024. Announcement • Aug 30
Relaxo Footwears Limited Approves Final Dividend for the Financial Year Ended on March 31, 2024 Relaxo Footwears Limited at its AGM held on August 29, 2024, approved to declare a final dividend @300% equivalent to INR 3.00/- per equity share
having Face Value of INR 1/- each for the Financial Year 2023-24. Upcoming Dividend • Aug 16
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 22 August 2024. Payment date: 27 September 2024. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.5%). Declared Dividend • Aug 02
Dividend increased to ₹3.00 Dividend of ₹3.00 is 20% higher than last year. Ex-date: 22nd August 2024 Payment date: 28th September 2024 Dividend yield will be 0.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (37% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 41% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 87% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 01
Relaxo Footwears Limited, Annual General Meeting, Aug 29, 2024 Relaxo Footwears Limited, Annual General Meeting, Aug 29, 2024, at 10:30 Indian Standard Time. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: ₹1.78 (vs ₹2.26 in 1Q 2024) First quarter 2025 results: EPS: ₹1.78 (down from ₹2.26 in 1Q 2024). Revenue: ₹7.54b (up 2.0% from 1Q 2024). Net income: ₹443.7m (down 21% from 1Q 2024). Profit margin: 5.9% (down from 7.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jul 23
Relaxo Footwears Limited to Report Q1, 2025 Results on Jul 31, 2024 Relaxo Footwears Limited announced that they will report Q1, 2025 results on Jul 31, 2024 Announcement • Jun 08
Relaxo Footwears Limited Announces Management Changes Relaxo Footwears Limited informed that Mr. Vikas Dogra, Vice President-Sales (SMP) of the Company, has resigned from his position on June 7, 2024 effective from the closure of business hours on September 5, 2024. Consequently, for the resignation the Board of Directors vide its circular Resolution passed on dated June 7, 2024 has approved the appointment of Mr. Surender Bansal as Vice President - Sales (SMP) of the Companywith effect from June 7, 2024, pursuant to recommendation of the Nomination & Remuneration Committee vide its circular Resolution passed dated June 7, 2024. Mr. Surender Bansal has done his MBA in Marketing from Universityof Pune and B. Com from Maharishi Dayanand University, Rohtak, Haryana. Mr. Bansal carries with him a rich experience of 36 years across organizations like Lakhani, Kharkia Petrochemical, Footwear Klick (India) Pvt. Limited, Bata India Limited, Relaxo Footwears Limited and Campus Activewears Limited. His last assignment was with JQR Sports India Pvt. Limited as President-Sales & Marketing. Mr. Bansal will take overall responsibility of General Trade Sales functions of Relaxo and shall be reporting to Mr. Gaurav Kumaar Dua, Whole Time Director-Sales & Marketing. Reported Earnings • May 10
Full year 2024 earnings released: EPS: ₹8.05 (vs ₹6.21 in FY 2023) Full year 2024 results: EPS: ₹8.05 (up from ₹6.21 in FY 2023). Revenue: ₹29.4b (up 5.8% from FY 2023). Net income: ₹2.00b (up 30% from FY 2023). Profit margin: 6.8% (up from 5.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Apr 19
Relaxo Footwears Limited Announces Resignation of Ashish Bansal from the Position of General Manager - Internal Auditor Relaxo Footwears Limited announced that Mr. Ashish Bansal has tendered his resignation from the position of General Manager - Internal Auditor of the Company. The Company has accepted his resignation effective April 18, 2024 and consequently, Mr. Bansal will be relieved from his duties with effect from the closure of business hours on April 18, 2024. Pursuant to the above, Mr. Bansal shall cease to be a Senior Management Personnel of the Company. It is further informed that there is no other material reason for the resignation other than the reason mentioned in the resignation letter as enclosed. Board Change • Apr 04
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Kuldip Dhingra was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 30
Relaxo Footwears Limited Announces Board Changes Relaxo Footwears Limited at its board meeting held on March 29, 2024 designated Mr. Ramesh Kumar Dua (DIN: 00157872), Managing Director of the Company, as the Managing Director & Chairman of the Company w.e.f. April 1, 2024 in place of Mr. Pankaj Shrimali. The Board at the aforesaid Meeting also noted the completion of second term of Mr. Pankaj Shrimali and Mr. Vivek Kumar as Non-Executive Independent Directors of the Company w.e.f. closing business hours of March 31, 2024 and thus ceasing to be the Directors of the Company thereafter. Ramesh has over 47 years of experience in sales and marketing, production and new product development in Footwear Industry. Additionally, he is a director in Confederation of Indian Footwear Industries. He is a Commerce Graduate & Rubber Technologist (LPRI, London). Announcement • Mar 05
Relaxo Footwears Limited Announces the Resignation of Deval Ganguly as Whole-Time Director, Effective March 31, 2024 Relaxo Footwears Limited announced the resignation of Mr. Deval Ganguly as Whole-time Director, effective from March 31, 2024. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: ₹1.55 (vs ₹1.21 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.55 (up from ₹1.21 in 3Q 2023). Revenue: ₹7.13b (up 4.7% from 3Q 2023). Net income: ₹385.7m (up 28% from 3Q 2023). Profit margin: 5.4% (up from 4.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Jan 19
Relaxo Footwears Limited to Report Nine Months, 2024 Results on Jan 31, 2024 Relaxo Footwears Limited announced that they will report nine months, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: ₹1.78 (vs ₹0.90 in 2Q 2023) Second quarter 2024 results: EPS: ₹1.78 (up from ₹0.90 in 2Q 2023). Revenue: ₹7.26b (up 8.4% from 2Q 2023). Net income: ₹441.9m (up 97% from 2Q 2023). Profit margin: 6.1% (up from 3.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Sep 27
Relaxo Footwears Limited to Report Q2, 2024 Results on Nov 01, 2023 Relaxo Footwears Limited announced that they will report Q2, 2024 results on Nov 01, 2023 Announcement • Aug 26
Relaxo Footwears Limited Declares Dividend for the Financial Year 2022-23 Relaxo Footwears Limited at its AGM held on August 24, 2023, approved to declare a final dividend @ 250% equivalent to INR 2.50 per equity share having face value of INR 1.00 each for the financial year 2022-23. Upcoming Dividend • Aug 10
Upcoming dividend of ₹2.50 per share at 0.3% yield Eligible shareholders must have bought the stock before 17 August 2023. Payment date: 22 September 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.5%). Announcement • Aug 09
Relaxo Footwear Limited Appoints Sachin Chhabra as Head of Marketing Relaxo Footwear Limited appointed Sachin Chhabra as Vice President and Head of Marketing. Prior to this role, Chhabra was associated with Adani Group as Head of Marketing & Capabilities for ACC & Ambuja. He will be joining Relaxo Footwear from August 8th, 2023, Tuesday. Chhabra is a seasoned professional known for his strategic prowess. With a proven record, he drives marketing excellence and capabilities, orchestrating success across brands Prior to this stint, Chhabra was associated with Adani Group as Head of Marketing & Capabilities for ACC & Ambuja. He was also previously associated with ACC Limited, Amway India, MediaCom, DLF Limited, and BhartiAirtel. Chhabra is an alumnus of the Institute of Technology Management where he completed his major in marketing. He has also been an alumnus of London Business School. Announcement • Jul 25
Relaxo Footwears Limited, Annual General Meeting, Aug 24, 2023 Relaxo Footwears Limited, Annual General Meeting, Aug 24, 2023, at 10:30 Indian Standard Time. Reported Earnings • Jul 25
First quarter 2024 earnings released: EPS: ₹2.26 (vs ₹1.55 in 1Q 2023) First quarter 2024 results: EPS: ₹2.26 (up from ₹1.55 in 1Q 2023). Revenue: ₹7.39b (up 11% from 1Q 2023). Net income: ₹563.2m (up 46% from 1Q 2023). Profit margin: 7.6% (up from 5.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Jul 14
Relaxo Footwears Limited to Report Q1, 2024 Results on Jul 24, 2023 Relaxo Footwears Limited announced that they will report Q1, 2024 results on Jul 24, 2023 Announcement • May 11
Relaxo Footwears Limited Recommends Final Dividend for the Year Ended March 31, 2023 Relaxo Footwears Limited at its board meeting held on May 10, 2023, recommended final dividend at the rate of INR 2.50/- per equity share (i.e. 250%) of face value of INR 1/- (Rupees One only) each for the year ended March 31, 2023, for the approval of members in the forthcoming Annual General Meeting (AGM) of the Company. Reported Earnings • May 11
Full year 2023 earnings released: EPS: ₹6.21 (vs ₹9.36 in FY 2022) Full year 2023 results: EPS: ₹6.21 (down from ₹9.36 in FY 2022). Revenue: ₹28.0b (up 5.6% from FY 2022). Net income: ₹1.54b (down 34% from FY 2022). Profit margin: 5.5% (down from 8.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Price Target Changed • Feb 08
Price target decreased by 8.5% to ₹842 Down from ₹921, the current price target is an average from 11 analysts. New target price is 7.2% above last closing price of ₹786. Stock is down 40% over the past year. The company posted earnings per share of ₹9.36 last year. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹1.21 (vs ₹2.82 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.21 (down from ₹2.82 in 3Q 2022). Revenue: ₹6.95b (down 6.5% from 3Q 2022). Net income: ₹301.0m (down 57% from 3Q 2022). Profit margin: 4.3% (down from 9.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Feb 05
Relaxo Footwears Limited Approves Appointment of Ankit Jain as Company Secretary and Compliance Officer The Board of Directors of Relaxo Footwears Limited, in its meeting held on February 4, 2023 approved the appointment of Mr. Ankit Jain as Company Secretary and Compliance Officer of the company. Mr. Ankit Jain is a qualified Company Secretary and Fellow Member of the Institute of Company Secretaries of India (ICSI) bearing Membership Number FCS-8188 and has also done B. Com & LL.B from Meerut University. Previously, Mr. Ankit Jain was associated with Max Ventures & Industries Ltd. as Company Secretary & Compliance Officer and prior to that, he has worked with Bhartiya Group, Elsamex Group, (Part of IL&FS Group), A2Z Group and Cosmo Films Ltd. Announcement • Dec 29
Relaxo Footwears Limited to Report Q3, 2023 Results on Feb 01, 2023 Relaxo Footwears Limited announced that they will report Q3, 2023 results on Feb 01, 2023 Price Target Changed • Nov 16
Price target decreased to ₹918 Down from ₹999, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ₹910. Stock is down 33% over the past year. The company posted earnings per share of ₹9.36 last year. Reported Earnings • Nov 03
Second quarter 2023 earnings released: EPS: ₹0.90 (vs ₹2.76 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.90 (down from ₹2.76 in 2Q 2022). Revenue: ₹6.75b (down 5.5% from 2Q 2022). Net income: ₹224.0m (down 67% from 2Q 2022). Profit margin: 3.3% (down from 9.6% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 10
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 17 August 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.7%). Lower than average of industry peers (0.6%). Reported Earnings • Jul 27
First quarter 2023 earnings released: EPS: ₹1.55 (vs ₹1.25 in 1Q 2022) First quarter 2023 results: EPS: ₹1.55 (up from ₹1.25 in 1Q 2022). Revenue: ₹6.67b (up 34% from 1Q 2022). Net income: ₹386.7m (up 25% from 1Q 2022). Profit margin: 5.8% (down from 6.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 25
Price target decreased to ₹1,078 Down from ₹1,185, the current price target is provided by 1 analyst. New target price is 10% above last closing price of ₹978. Stock is down 11% over the past year. The company posted earnings per share of ₹9.36 last year. Reported Earnings • May 14
Full year 2022 earnings released: EPS: ₹9.36 (vs ₹11.74 in FY 2021) Full year 2022 results: EPS: ₹9.36 (down from ₹11.74 in FY 2021). Revenue: ₹26.5b (up 13% from FY 2021). Net income: ₹2.33b (down 20% from FY 2021). Profit margin: 8.8% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹2.82 (down from ₹3.63 in 3Q 2021). Revenue: ₹7.49b (up 12% from 3Q 2021). Net income: ₹701.0m (down 22% from 3Q 2021). Profit margin: 9.4% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 11
Price target increased to ₹1,203 Up from ₹1,090, the current price target is provided by 1 analyst. New target price is 12% below last closing price of ₹1,361. Stock is up 97% over the past year. The company posted earnings per share of ₹11.74 last year. Reported Earnings • Nov 03
Second quarter 2022 earnings released: EPS ₹2.76 (vs ₹3.02 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹7.22b (up 25% from 2Q 2021). Net income: ₹686.9m (down 8.5% from 2Q 2021). Profit margin: 9.5% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.