Relaxo Footwears Q1 Results Live : profit falls by 21.22% YOY

Relaxo Footwears Q1 Results Live : Relaxo Footwears announced their Q1 results on 31 Jul, 2024, with a 1.27% increase in revenue but a 21.22% decrease in profit compared to the same period last year.

The company saw a marginal growth of 0.13% in revenue from the previous quarter, while experiencing a significant 27.72% drop in profit.

Selling, general & administrative expenses went up by 9.66% sequentially and 12.48% year-on-year.

Operating income took a hit, declining by 26.99% quarter-on-quarter and 18.05% year-on-year.

The Earnings Per Share (EPS) for Q1 stood at ₹1.78, reflecting a 21.24% decrease from the previous year.

In terms of stock performance, Relaxo Footwears delivered returns of 1.5% in the last week, 1% in the last 6 months, and -3.85% year-to-date.

The company currently boasts a market capitalization of ₹21668.98 Cr, with a 52-week high/low of ₹974 & ₹758.25 respectively.

Out of the 12 analysts covering the company as of 01 Aug, 2024, 1 analyst rated it as Strong Sell, 3 as Sell, 5 as Hold, and 3 as Buy.

The consensus recommendation as of 01 Aug, 2024, was to Hold the stock.