Relaxo Footwears Q2: Revenue increases 7% as net profit doubles to Rs 44 crore

 Relaxo Footwears Q2: Revenue increases 7% as net profit doubles to Rs 44 crore

The business said that its consolidated revenue from operations increased by 7% YoY to Rs 715 crore.

For the quarter that ended in September 2023, Relaxo Footwears recorded a total net profit of Rs 44 crore, up from Rs 22 crore in the same time the previous year.

The firm said that its consolidated income from operations increased by 7% YoY to Rs 715 crore from Rs 670 crore in the previous year.

Profits before interest, tax, depreciation, and amortisation (EBITDA) increased by 53% to Rs 92 crore for the quarter from Rs 60 crore for the same time last year. The EBIDTA margin increased from 9% in the same quarter of the previous fiscal year to 12.9%.

As of 3:07 PM on the NSE, shares of Relaxo were up 4.99 percent to Rs 942.80, after results.