Relaxo Footwears Limited, India’s largest footwear manufacturing company, declared its Audited Financial Results for the Quarter and Full Year ended 31st March, 2022.

Highlights for Q4FY22

Relaxo Footwears Financial Highlights

Revenue is at Rs.698 crore as compared to Rs.748 crore in the corresponding period of the previous year. Revenue during the quarter was affected due to disruptions caused by Omicron variant of COVID, GST rate hike from 5% to 12% w.e.f. 1st January 2022 on footwear priced below Rs.1000 and subdued demand due to high inflation.

Relaxo Footwears Financial Highlights

EBITDA is at Rs.111 crore as compared to Rs.163 crore in the corresponding period of the previous year. EBITDA Margins decreased by 586 bps Y-o-Y to 15.9% mainly due to steep increase in raw material prices and extra support to Trade towards GST rate differential on Inventory.

Relaxo Footwears Financial Highlights

Profit after Tax is at Rs.63 crore as compared to Rs.102 crore in the corresponding period of the previous year.

Relaxo Footwears records 38% fall in Profit After Tax