14 May 2022, Mumbai:
The net profit of Relaxo Footwears declined by 38.40 percent to Rs 62.93 crore in Q4FY’22. The brand had posted a net profit of Rs 102.17 crore in the January-March quarter of the preceding fiscal.
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The brand’s revenues from operations declined by 6.61 percent to Rs 698.19 crore during the period under review as against Rs 747.68 crore in the corresponding period of the previous fiscal.
Its total expenses increased marginally by 0.43 percent to Rs 619.66 crore against Rs 616.96 crore a year ago.
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For the entire financial year ended on March 31, 2022, Relaxo Foot wears' net profit declined by 20.19 percent to Rs 232.68 crore. It had reported a net profit of Rs 291.56 crore in 2020-21.
Its revenues from operations grew by 12.46 percent to Rs 2,653.27 crore in 2021-22.
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